I pastored a large church of nearly 5,000 members for nearly 14 years before I asked them to send me out to start some new ministries. Since then I have accepted a church in a transitional community close to inner-city Houston.
I work for Wells Fargo Home Mortgage as a Reverse Mortgage Consultant.
There are many retired pastors and staff members that could use this program.
A reverse mortgage allows a senior that is 62 or older to be able to get a portion of the equity out of their home and not have a monthly repayment as long as they live in the home as their primary residence.
I helped a guy save his home from foreclosure last month - get $15,000 of repairs made to his home and pay him $150 per month for as long as he lives. Great retirement supplement. Since I eliminated his $600 house payment - it was like putting $750 per month of spendable income into his pocket every month.
Lots of retired pastors could use this help.
Dr. Forest Lowery

"Dr. Forrest Lowry" FLOWRY@houston.rr.com