The Reverse Mortgage Specialist's Blog

One of the questions asked most frequently by seniors getting a reverse mortgage is,"How Much Money Can I Get From My Reverse Mortgage?"Many seniors believe that they will get a large check each month or even a large line of credit equal to the amount of their home.The rule of thumb is 50%.  Most...

Many times, seniors come to me after they have exhausted all of their other resources and they do not know what else to do. They are looking for a way to make retirement a little easier and take the financial stress out of it.I see seniors who are surviving on crackers and water who do not have e...

Buy This Home and Never Make a Mortgage Payment! This beautiful single story home offers plenty of decorative amenities that make it stand out among the other homes. This 4/bed 3 /bath home has beautiful tile flooring throughout. The formal living room/dining room are painted in natural colors wi...

This is a question that I frequently get from bankers, realtors, financial planners, CPAs, families of seniors, and of course seniors!Here are the TOP 5 things you need to know about a reverse mortgage: 1. Age Matters! You must be 62 years or older to get a reverse mortgage. If you are shopping f...

So many people go into a reverse mortgage and do not find the answer to this question until they file their taxes.  Unlike a traditional mortgage where you can deduct and write off the mortgage interest on your taxes and perhaps get a little tax break, you cannot do that with a reverse mortgage. ...

It is so amazing all of the wonderful tools that we have at our fingertips. I cannot image having done my job forty years ago when computers were not common and everything had to be done by hand. That must have been a weird world.   Today, at the click of a mouse, there is more information than w...

Looking to retire near Santa Barbara? This might be the right home! You can buy a home like this with a reverse mortgage and never make a mortgage payment!! Call me for more info! 800-779-1851 or 559-994-3692.  160 Burnham, Oak View CA 93022 PRICE REDUCED AGAIN! HIGHLY MOTIVATED SELLER!! NOW Offe...

What a great question! On traditional mortgages, refinancing is something that is done frequently to either get more money out of their home, make smaller payments and many other reasons!  So, can a senior refinance their existing reverse mortgage?  The simple answer is an astounding yes!  So wha...

 I work with a lot of realtors. One of the questions I always ask them is, “Do you have a senior market?” Nine out of ten times, the answer is, “No”.  This always amazing me!  In the realtors defense, most do not know the magical statistics that make this group of people such a goldmine!  Baby Bo...

It has been said that successful people never worry about what others are doing. This is essentially what sets them apart from the crowd. It makes them different.  Successful people are willing to do what unsuccessful people are not willing to do. Those are interesting thoughts when it comes to t...