Who I Help
How Can A
Reverse Mortgage
Help You?
A reverse mortgage is a big decision, and it often involves more than one person. I help seniors, their families, and their financial advisors understand how a reverse mortgage could fit into their plans.
For Seniors
Secure your financial future
If you're a senior, a reverse mortgage could help secure your financial future. A Home Equity Conversion Mortgage (HECM) is the formal name of the government backed loan that many commonly refer to as the reverse mortgage loan.
Backed by HUD, a HECM may help qualified homeowners 62 and older enhance their cash flow during retirement.
Learn More for SeniorsA reverse mortgage at a glance
- For homeowners 62 and older
- You keep ownership and title to your home
- No required monthly mortgage payment*
- Insured by the Federal Housing Administration (FHA)
- Independent HUD-approved counseling is required
*Borrowers must continue to pay property taxes, homeowner's insurance, and home maintenance costs.
For Adult Children
Questions to ponder
How can a reverse mortgage help parents and children? Start with these questions.
Is there a concern from other siblings as to inheriting the home or the equity?
Do I have the financial resources to help my parents with their medical and living expenses?
What are my parents' wishes as to staying home if medical care is needed for an extended time?
Wondering whether Mom and Dad will use up your inheritance, or whether the bank will take their home? I answer the most common concerns on my adult children page.
Read the Common ConcernsDetailed loan scenarios
- Provided to you with your client's permission
- Built around your client's given scenario
- Aimed at a decision that is aligned with the interest of all parties
For Trusted Advisors
I work with trusted advisors
Both the government backed Home Equity Conversion Mortgage (HECM) and a private jumbo reverse mortgage for higher valued properties can be an excellent tool for high net worth clients to prevent portfolio depletion. It is a loan that needs to be evaluated based on the client's given scenario.
I am upfront with all my clients about the advantages and disadvantages of a reverse mortgage.
Learn More for Advisors
Who Should Consider
A Reverse Mortgage?
A parent with substantial home equity and a limited or fixed income
Someone who wants to maintain or improve their lifestyle
Someone who prefers to access mortgage loan proceeds instead of other accounts or sources which may be taxable*
Someone who wants to remain in their home and age in place using a reverse mortgage**
*Consult your financial advisor. **You cannot lose your home under normal circumstances and so long as you pay your property taxes, homeowner's insurance, maintenance costs and otherwise comply with the loan terms.
Let's Talk About
Your Situation
Not sure where you fit? I'm happy to walk you through the numbers and answer every question, whether you're exploring for yourself, a parent, or a client.