Podcasts about reverse mortgages

Reverse mortgages have carried a negative reputation for years, especially among Christians who are cautious about debt. But as with any financial tool, faithful stewardship calls us to understand how it works before deciding whether it belongs in a financial plan. Harlan Accola leads the reverse mortgage team at Movement Mortgage, a FaithFi underwriter. He joined the show today to explain why reverse mortgages remain controversial, how today's Home Equity Conversion Mortgage (HECM) differs from older products, and when it might play a useful role in retirement planning. Why Are Christians Hesitant About Reverse Mortgages? For many believers, the hesitation begins with debt itself. Scripture repeatedly encourages wisdom, contentment, and caution in financial matters, so borrowing against a home's equity can feel contrary to good stewardship. There is also the lingering reputation of earlier reverse mortgage products. Many people remember stories involving high costs, confusing terms, or homeowners facing difficult circumstances later in life. Accola says those concerns are understandable. “I felt the same way in the past before I understood them,” he said. But he argues that many people are evaluating today's federally insured reverse mortgages based on older versions of the product—or confusing them with other home-equity arrangements that work very differently. That makes it important to understand exactly which product is being considered and how its protections, costs, and obligations work. What Is a HECM? The most common type of reverse mortgage is the Home Equity Conversion Mortgage, or HECM, which is insured by the Federal Housing Administration. Unlike a traditional mortgage, a HECM generally does not require the borrower to make monthly principal and interest payments. Instead, the loan balance typically grows over time and becomes due when the borrower no longer occupies the home as a principal residence, sells the property, or dies. The homeowner still retains ownership of the home and remains responsible for obligations such as property taxes, homeowners insurance, and property maintenance. HECMs also include protections designed specifically for older homeowners. Borrowers must complete independent counseling before obtaining the loan, and the loans are non-recourse, meaning the borrower or heirs generally will not owe more than the home's value when the loan is repaid. Certain eligible non-borrowing spouses may also be able to remain in the home after the borrowing spouse dies, provided they meet program requirements. Those features make today's HECM significantly different from some of the products that contributed to reverse mortgages' poor reputation in earlier decades. Turning Home Equity Into Retirement Flexibility For many retirees, a home represents one of their largest assets. Yet that wealth is often difficult to use without selling the property or taking on more debt. A reverse mortgage can potentially convert a portion of that equity into accessible funds. One possible benefit is improved monthly cash flow. Eliminating a required mortgage payment could help a retiree living on reduced income balance a budget without turning to credit cards or other higher-cost borrowing. Reverse mortgage proceeds may also provide additional resources for expenses such as home repairs, healthcare, or long-term care. A HECM line of credit can offer another form of flexibility. For example, retirees may be able to draw from home equity during a market downturn rather than selling investments after they have declined in value. Used carefully, that could give an investment portfolio more time to recover. Home equity might also help preserve other retirement assets for later years, a surviving spouse, or heirs. The goal isn't simply to access more money. It's to consider all the resources God has entrusted to us and ask how they can work together wisely. As Luke 16:10 reminds us, “One who is faithful in a very little is also faithful in much.” Faithfulness includes not only how we accumulate resources but also how thoughtfully we use what God has already provided. Could a Reverse Mortgage Support Generosity? Accola has also seen situations where accessing home equity allowed retirees to give more generously during their lifetime rather than waiting for assets to transfer after death. That won't be the right choice for everyone. Giving should never come at the expense of maintaining appropriate provision for yourself or a spouse. But the example highlights an important stewardship principle: a home is not necessarily separate from the rest of a financial plan simply because its value is tied up in real estate. For some families, home equity may be another resource to consider prayerfully alongside savings, investments, retirement income, and other assets. Start With the Plan, Not the Product A reverse mortgage is not appropriate for every homeowner. Before pursuing one, Accola recommends beginning with the bigger financial picture. Ask questions such as: How long do we expect to remain in this home? How would a reverse mortgage affect our monthly cash flow? What costs are associated with the loan? How will we continue paying property taxes, insurance, and maintenance? How could the loan affect what we eventually leave to our heirs? Are there other resources available that might accomplish the same goal? How does this decision fit within our overall retirement, estate, and generosity plans? That last question may be the most important. A reverse mortgage should not be viewed simply as a financial product to purchase. It should be evaluated within the context of a thoughtful retirement plan. Working with professionals who understand both the technical details of the loan and the homeowner's broader financial goals can help families consider the tradeoffs carefully. Is a Reverse Mortgage Right for You? A reverse mortgage isn't for every household, and using home equity should never be an excuse for careless spending. But you shouldn't reject the product simply because of its reputation. For the right homeowner, a modern HECM may turn otherwise inaccessible home equity into a flexible resource for cash flow, retirement planning, long-term care, or even greater generosity. Faithful stewardship means looking carefully at every resource God has entrusted to us, understanding our options, and making decisions that serve the larger financial plan. To learn more about reverse mortgages through Movement Mortgage, visit FaithFi.com/Movement. On Today's Program, Rob Answers Listener Questions: My daughter was approved for a $325,000 mortgage, but the rate wasn't locked. Now that she's found a home, the lender says she has to choose when to lock, with rates ranging from about 5.6% to 6.75%. How should she decide when to lock in her rate? I'm 78 and considering buying a $300,000 home in a 55+ community. I also own a rental property with about $88,000 left on a 4% mortgage, and I don't need the rental income to cover my expenses. Should I keep the rental or move into it? And if I buy in the 55+ community, how should I balance paying cash versus taking a traditional or reverse mortgage? Resources Mentioned: Faithful Steward: FaithFi's Quarterly Magazine (Become a FaithFi Partner) Movement Mortgage Thriving in Love and Money: 5 Game-Changing Insights about Your Relationship, Your Money, and Yourself by Shaunti and Jeff Feldhahn FaithFi Field Guide: How Much Money is Enough?  Our Ultimate Treasure: A 21-Day Journey to Faithful Stewardship by Rob West Wisdom Over Wealth: 12 Lessons from Ecclesiastes on Money Look At The Sparrows: A 21-Day Devotional on Financial Fear and Anxiety Rich Toward God: A Study on the Parable of the Rich Fool Find a Certified Kingdom Advisor® (CKA) FaithFi App Remember, you can call in to ask your questions every weekday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God's resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Reverse mortgages continue to carry a negative reputation, but faithful stewardship means evaluating financial tools based on how they work today. On the next Faith & Finance Live, Rob West and Harlan Accola explain why many Christians remain hesitant. They also discuss how a modern, FHA-insured reverse mortgage could fit into a thoughtful retirement plan. Then, it’s on to calls. That’s Faith and Finance Live . . . biblical wisdom for your financial decisions. That’s weekdays at 4pm Eastern/3pm Central on Moody Radio. Faith & Finance Live is a listener supported program on Moody Radio. To join our team of supporters, click here.To support the ministry of FaithFi, click here.To learn more about Rob West, click here.To learn more about Faith & Finance Live, click here.See omnystudio.com/listener for privacy information.

Finance of America SVP of Finance Michael Fant joins Inside the ICE House to discuss how the company has grown into the largest originator and servicer of reverse mortgages in the United States, helping seniors tap into their home equity to fund retirement. He shares how Finance of America has shifted the perception of reverse mortgages from a product of last resort to a sophisticated financial planning tool, expanding its offerings to include jumbo and second-lien products. He explains the company's deep commitment to consumer education and how technology is being carefully integrated to improve efficiency while preserving the human touch points seniors rely on.

On this episode of Zen and the Art of Real Estate Investing, Jonathan Greene sits down with Cheryl Scheidell, a reverse mortgage specialist with Barrett Financial Group, for an in-depth conversation about one of the most misunderstood financial tools available to homeowners. Cheryl explains how reverse mortgages have evolved over the years, who they are designed to help, and why they can play an important role in retirement planning, wealth preservation, and helping seniors age in place with greater financial security. Jonathan and Cheryl break down exactly how reverse mortgages work, separating common misconceptions from reality. Cheryl explains why borrowers are no longer required to make monthly mortgage payments, how equity is accessed responsibly, and why modern safeguards, including HUD counseling, have made today's Home Equity Conversion Mortgage (HECM) program much different from the products that earned a negative reputation years ago. They also discuss how reverse mortgages can be used to purchase homes, refinance existing loans, or even preserve low-interest first mortgages through second-position products. The conversation also explores the importance of family communication around financial planning. Jonathan and Cheryl discuss why adult children should be included in these conversations, how reverse mortgages can reduce the financial burden on families caring for aging parents, and why proactive estate planning often prevents unnecessary conflict later. They also explain how reverse mortgages can help pay for home modifications, in-home care, assisted living expenses, or simply allow retirees to enjoy the wealth they have spent decades building. Ultimately, this episode highlights the value of education over assumptions. Rather than viewing reverse mortgages as a last resort, Jonathan and Cheryl encourage listeners to understand them as one potential financial planning tool that, when used appropriately, can improve cash flow, preserve retirement assets, and create greater peace of mind for both homeowners and their families. In this episode, you will hear: How reverse mortgages work and why today's programs differ from outdated perceptions Why reverse mortgages can improve cash flow while allowing seniors to remain in their homes How reverse mortgages can help fund home modifications, healthcare, and retirement expenses Why involving adult children in financial planning conversations benefits the entire family How Home Equity Conversion Mortgages (HECMs) include consumer protections and required counseling Why reverse mortgages can serve as a valuable wealth preservation and retirement planning tool when used appropriately Follow and Review If you enjoy the show, please follow Zen and the Art of Real Estate Investing on Apple Podcasts and leave a rating and review. It helps other listeners discover the show and supports its continued growth. Supporting Resources Connect with Cheryl: Website - reversemortgageandbeyond.com  YouTube - @reversemortgageandbeyond  Facebook - https://www.facebook.com/ReverseMortgageLoanOfficer/  Instagram - reversemortgageandbeyond  LinkedIn - linkedin.com/in/cherylscheidell  Email - cheryls@barrettfinancial.com  Cell - (480) 817-4324 Connect with Jonathan: Podcast - www.zenandtheartofrealestateinvesting.com YouTube - www.youtube.com/JonathanGreenere Instagram - www.instagram.com/zenrealestateinvesting Instagram - www.instagram.com/trustgreene Bigger Pockets - www.biggerpockets.com/users/TrustGreene Facebook - www.facebook.com/zenandtheartofrealestateinvesting Jonathan's Hub Site - www.trustgreene.com Brokerage - https://www.streamlined.properties This episode was produced by Outlier Audio.    

Home equity investment companies are winning attention with a simple pitch: no debt, no interest, no monthly payment. So how should reverse mortgage professionals respond? In this HECM World Food For Thought, LoanDepot reverse mortgage leader Lisa Moriello explains why loan officers should stop trying to out-simplify HEI marketing — and instead reframe the conversation around the homeowner's long-term financial outcome. Lisa explores: Why HEIs are increasingly entering the conversation before a reverse mortgage does Why dismissing home equity investments outright can damage credibility The question loan officers should ask instead: what will you actually owe when you leave the home? Why “no interest” does not mean no cost How HEI settlement timelines can matter for homeowners planning to age in place The difference between sharing future home appreciation and paying interest Why HUD-approved counseling is an important distinction How to move clients from comparing marketing pitches to comparing actual outcomes As Lisa puts it: “We're never going to out-market a venture-backed app with a slick onboarding flow … but we can out-explain them every single time.” For reverse mortgage professionals facing growing competition from HEIs, this is a practical framework for having a more credible, transparent and effective client conversation. Watch the full Food For Thought with Lisa Moriello and read the article here Visit hecmworld.com for more reverse mortgage news, insights and industry education.  

Alex McFadyen discusses the intricacies of reverse mortgages in Canada, including recent rate changes, different options available, and how to determine if a reverse mortgage is right for you or your parents.We cover:Recent rate cuts by Canadian reverse mortgage lendersHow reverse mortgages work and who qualifiesComparison of reverse mortgage, line of credit, and traditional refinanceImpact of interest compounding and rate type on costsImportance of understanding future balance and property value growth

In this episode, Cheryl Scheidell, a reverse mortgage expert with over 11 years of experience, shares insights into how reverse mortgages work, their benefits, myths, and innovative ways to use them for retirement and real estate investment. Perfect for seniors, investors, and financial advisors looking to leverage home equity smartly. In this episode, Cheryl shares her expertise on reverse mortgages, innovative strategies for real estate and finance, and how to leverage networking and marketing to grow your business. Discover practical insights and actionable tips to enhance your financial planning and real estate endeavors.   Professional Real Estate Investors - How we can help you: Investor Fuel Mastermind:  Learn more about the Investor Fuel Mastermind, including 100% deal financing, massive discounts from vendors and sponsors you're already using, our world class community of over 150 members, and SO much more here: http://www.investorfuel.com/apply   Investor Machine Marketing Partnership:  Are you looking for consistent, high quality lead generation? Investor Machine is America's #1 lead generation service professional investors. Investor Machine provides true 'white glove' support to help you build the perfect marketing plan, then we'll execute it for you…talking and working together on an ongoing basis to help you hit YOUR goals! Learn more here: http://www.investormachine.com   Coaching with Mike Hambright:  Interested in 1 on 1 coaching with Mike Hambright? Mike coaches entrepreneurs looking to level up, build coaching or service based businesses (Mike runs multiple 7 and 8 figure a year businesses), building a coaching program and more. Learn more here: https://investorfuel.com/coachingwithmike   Attend a Vacation/Mastermind Retreat with Mike Hambright: Interested in joining a "mini-mastermind" with Mike and his private clients on an upcoming "Retreat", either at locations like Cabo San Lucas, Napa, Park City ski trip, Yellowstone, or even at Mike's East Texas "Big H Ranch"? Learn more here: http://www.investorfuel.com/retreat   Property Insurance: Join the largest and most investor friendly property insurance provider in 2 minutes. Free to join, and insure all your flips and rentals within minutes! There is NO easier insurance provider on the planet (turn insurance on or off in 1 minute without talking to anyone!), and there's no 15-30% agent mark up through this platform!  Register here: https://myinvestorinsurance.com/   New Real Estate Investors - How we can work together: Investor Fuel Club (Coaching and Deal Partner Community): Looking to kickstart your real estate investing career? Join our one of a kind Coaching Community, Investor Fuel Club, where you'll get trained by some of the best real estate investors in America, and partner with them on deals! You don't need $ for deals…we'll partner with you and hold your hand along the way! Learn More here: http://www.investorfuel.com/club   —--------------------

In this Industry Leader Insights episode, HECM World sits down with John Lunde, Founder and President of Reverse Market Insight (RMI), to explore one of the biggest questions facing the industry today. Drawing on more than 20 years of reverse mortgage market data, John shares his perspective on the trends that have shaped the industry, why record senior housing equity hasn't translated into record reverse mortgage volume, and what lenders, loan officers and business leaders need to do differently to unlock the opportunity ahead. In this episode you'll discover: Why reverse mortgage originations remain well below their historic peak • The surprising disconnect between record housing equity and industry growth • How proprietary reverse mortgages are reshaping the market • The biggest mistakes professionals make when interpreting market data • Why education inside the mortgage industry remains the biggest growth opportunity • How technology, data and integrated systems will define the next generation of reverse mortgage businesses • What successful lenders do differently when building local market expertise Whether you're a reverse mortgage professional, lender, broker, executive or industry partner, this conversation provides valuable insights into where the market has been—and where it's heading next. https://hecmworld.com/2026/08/03/industry-leader-insights-senior-housing-equity-is-at-record-highs-so-why-havent-reverse-mortgages-taken-off/ Subscribe to HECM World for the latest reverse mortgage news, expert interviews and industry insights from across the United States.   

Standing up a reverse mortgage division can't be that hard, can it? We go through some of the mechanics. Plus, Robbie interviews CATO Institute's Jai Kedia on if the Fed's policy stance is getting closer to its target, and the future of the centralbank under Chair Warsh. And we close with why the 30-year U.S. bond hit a 19-year high in the wake of the Federal Reserve's most recent meeting.Sponsored by Experian Verify, which provides mortgage lenders with automated income, employment, identity, and asset verification solutions that help accelerate underwriting while reducing fraud risk and manual documentation.The Chrisman Commentary is your go-to daily mortgage news podcast, where industry insights meet expert analysis. Hosted by Robbie Chrisman, this podcast delivers the latest updates on mortgage rates, capital markets, and the forces shaping the housing finance landscape. Whether you're a seasoned professional or just looking to stay informed, you'll get clear, concise breakdowns of market trends and economic shifts that impact the mortgage world.

Borrowers are already using artificial intelligence to compare reverse mortgage options and double-check the recommendations they receive from loan officers. Should reverse mortgage professionals be worried? Christina Harmes, CRMP, says no—but their value is changing. After several prospects used AI to analyze the loan scenarios she presented, Christina discovered that the technology largely confirmed her recommendations and increased the borrowers' trust. The experience also highlighted something AI cannot easily replace: emotional intelligence. A reverse mortgage decision is rarely just about rates, proceeds or loan structure. Homeowners may also be worried about their independence, family, legacy, long-term security or whether using home equity means they have somehow failed. In this edition of Food for Thought, Christina explains how reverse mortgage professionals can combine technical expertise with empathy, active listening and trust. You'll learn: How consumers are using AI to research reverse mortgages • Why the professional-consumer knowledge gap is shrinking • How to recognize the real question behind a borrower's words • Why listening before offering a solution builds trust • How box breathing can improve stressful client conversations • Why emotional intelligence may offer “job insurance” in the age of AI AI can do the math. The competitive advantage is understanding the person behind the numbers. Subscribe to HECM World for reverse mortgage news, insights and professional strategies. https://hecmworld.com/2026/07/29/food-for-thought-as-ai-reshapes-reverse-mortgages-emotional-intelligence-becomes-the-advantage/

Welcome back, note investors! Scott Carson, "The Note Guy," is diving into a high-potential case study straight out of the hot Dallas-Fort Worth metroplex! In this breakdown, Scott walks through a vacant reverse mortgage (HECM) deal located in Grand Prairie, Texas. With an unpaid legal balance sitting far below the market value, this deal offers multiple exit strategies—whether you are looking for a quick 90-day foreclosure flip or taking it back as an REO for a massive profit margin. If you've been curious about how to analyze real estate debt, structure winning bids, and generate annualized returns ranging from 40% to over 80%, this episode is packed with numbers, strategy, and actionable steps! Key Highlights & Deal BreakdownProperty Overview: A 3-bedroom, 2-bathroom, 1,505 sq. ft. home built in 1969, sitting in the Grand Prairie (DFW) area. Loan Details: High Equity Convertible Mortgage (HECM / Reverse Mortgage) where the original borrower has passed away, leaving the home vacant. Valuation & Balance: Property value sits around $263,000 against a $176,000 total legal balance owed on the loan. Strategy #1 (Quick Foreclosure Flip): Bidding at 80%–90% of the legal balance allows investors to target a $18K to $35K gross profit directly at the 90-day foreclosure auction. Strategy #2 (REO Takeback & Rehab): Foreclosing, spending ~$30K in cosmetic interior cleanup/renovations, and reselling on the retail market yields a projected $49,000 net profit (a 52% annualized ROI). Due Diligence Steps: How to review interior photos/BPOs, double-check legal heirship notices, pull title work, and work alongside foreclosure attorneys. Episode ConclusionOpportunities like this Grand Prairie reverse mortgage showcase the true power of being the bank. Whether you have capital ready to deploy or want to partner on high-yield real estate notes, now is the time to take action! Got $150K to $200K ready to invest, or interested in submitting an offer on this specific deal? Contact Scott directly at scott@weclosenotes.com or schedule a strategy call at talkwithscottcarson.com!

Is the reverse mortgage industry's biggest opportunity still ahead? According to ATTOM's Head of Data Science, Aaron Wagner, the data says yes. In Part Two of this Industry Leader Insights series, Andrew Montesi sits down with Aaron to explore the future of housing equity, the biggest forces shaping property wealth over the next five years, and why America's enormous equity base continues to support a strong long-term outlook for reverse mortgages. Aaron explains why tenure-driven equity, built through decades of homeownership, is fundamentally different from appreciation-driven equity, why housing supply may be the most underestimated force supporting home values, and how AI is transforming the future of property intelligence. In this episode: • Has America reached peak housing equity? • Why the reverse mortgage opportunity remains exceptionally strong • The difference between tenure-driven and appreciation-driven equity • The biggest drivers of housing wealth over the next five years • Which regions are best positioned for future equity growth • Why housing supply may be the market's most underestimated force • How AI is changing the way property data is analysed and accessed If you work in the reverse mortgage industry, understanding where housing equity is heading, and why, has never been more important.

Home Loans Radio 07.25.2026 with That Mortgage Guy Don- Reverse Mortgage for the win!www.thatmortgageguydon.com

Listen and subscribe to Money Making Conversations on iHeartRadio, Apple Podcasts, Spotify, www.moneymakingconversations.com/subscribe/ or wherever you listen to podcasts. New Money Making Conversations episodes drop daily. I want to alert you, so you don’t miss out on expert analysis and insider perspectives from my guests who provide tips that can help you uplift the community, improve your financial planning, motivation, or advice on how to be a successful entrepreneur. Keep winning! Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Latrease Price-Gistard. Purpose of the Interview The interview aims to educate listeners on the mortgage industry, highlight the role and benefits of working with an independent mortgage broker, and provide practical advice on home financing options, credit challenges, and programs that support homeownership. It also shares Latrease’s entrepreneurial journey and lessons learned. Key Takeaways Background and Career Path Latrease has a finance degree and started in investment operations in 1999. Transitioned from auto financing and co-owning a car dealership to mortgage lending. Became an independent mortgage broker in 2022 after being laid off during rising interest rates. Role of an Independent Mortgage Broker Holds her own license and partners with multiple lenders to offer tailored loan products. Advocates for borrowers to ensure they get the right product, not just approval. Specializes in helping first-time buyers, self-employed individuals, and those with unique challenges. Home Financing Insights Reverse Mortgages: Typically for seniors 62+, often used by those 75+ with equity and limited retirement funds. Provides tax-free cash without monthly payments; debt settled upon sale or refinance. Zero Down Payment Programs: Offers up to 3% for down payment, attached to the mortgage; other programs provide up to 5% for down payment and closing costs. FHA 203K Program: Allows buyers to finance home purchase and renovations in one loan—ideal for fixer-uppers. Credit Challenges Programs exist for credit scores as low as 500, but require higher down payments (10–20%) and result in higher interest rates. Latrease consults and provides “what-if” scenarios to help clients improve credit over time. Entrepreneurial Lessons Mistakes: Starting without enough capital and a strong pipeline; economic timing matters. Advice: Build capital, secure a solid client pipeline, and understand market conditions before going independent. Notable Quotes On independence:“As a broker, you serve as that advocate for your borrower to make sure they’re getting the right loan product.” On reverse mortgages:“The beauty of it is there are no monthly payments going back to the institution. The debt is paid off when the home is sold or refinanced.” On credit challenges:“Programs go as low as 500 credit score, but those borrowers need 10–20% down.” On entrepreneurial advice:“Make sure you have strong capital and a solid pipeline before stepping out on faith.” On perseverance:“It’s all about follow-through. It’s all about your dream and whether you want to make it happen.” #SHMS #STRAW #BESTSupport the show: https://www.steveharveyfm.com/See omnystudio.com/listener for privacy information.

Listen and subscribe to Money Making Conversations on iHeartRadio, Apple Podcasts, Spotify, www.moneymakingconversations.com/subscribe/ or wherever you listen to podcasts. New Money Making Conversations episodes drop daily. I want to alert you, so you don’t miss out on expert analysis and insider perspectives from my guests who provide tips that can help you uplift the community, improve your financial planning, motivation, or advice on how to be a successful entrepreneur. Keep winning! Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Latrease Price-Gistard. Purpose of the Interview The interview aims to educate listeners on the mortgage industry, highlight the role and benefits of working with an independent mortgage broker, and provide practical advice on home financing options, credit challenges, and programs that support homeownership. It also shares Latrease’s entrepreneurial journey and lessons learned. Key Takeaways Background and Career Path Latrease has a finance degree and started in investment operations in 1999. Transitioned from auto financing and co-owning a car dealership to mortgage lending. Became an independent mortgage broker in 2022 after being laid off during rising interest rates. Role of an Independent Mortgage Broker Holds her own license and partners with multiple lenders to offer tailored loan products. Advocates for borrowers to ensure they get the right product, not just approval. Specializes in helping first-time buyers, self-employed individuals, and those with unique challenges. Home Financing Insights Reverse Mortgages: Typically for seniors 62+, often used by those 75+ with equity and limited retirement funds. Provides tax-free cash without monthly payments; debt settled upon sale or refinance. Zero Down Payment Programs: Offers up to 3% for down payment, attached to the mortgage; other programs provide up to 5% for down payment and closing costs. FHA 203K Program: Allows buyers to finance home purchase and renovations in one loan—ideal for fixer-uppers. Credit Challenges Programs exist for credit scores as low as 500, but require higher down payments (10–20%) and result in higher interest rates. Latrease consults and provides “what-if” scenarios to help clients improve credit over time. Entrepreneurial Lessons Mistakes: Starting without enough capital and a strong pipeline; economic timing matters. Advice: Build capital, secure a solid client pipeline, and understand market conditions before going independent. Notable Quotes On independence:“As a broker, you serve as that advocate for your borrower to make sure they’re getting the right loan product.” On reverse mortgages:“The beauty of it is there are no monthly payments going back to the institution. The debt is paid off when the home is sold or refinanced.” On credit challenges:“Programs go as low as 500 credit score, but those borrowers need 10–20% down.” On entrepreneurial advice:“Make sure you have strong capital and a solid pipeline before stepping out on faith.” On perseverance:“It’s all about follow-through. It’s all about your dream and whether you want to make it happen.” #SHMS #STRAW #BESTSee omnystudio.com/listener for privacy information.

Listen and subscribe to Money Making Conversations on iHeartRadio, Apple Podcasts, Spotify, www.moneymakingconversations.com/subscribe/ or wherever you listen to podcasts. New Money Making Conversations episodes drop daily. I want to alert you, so you don’t miss out on expert analysis and insider perspectives from my guests who provide tips that can help you uplift the community, improve your financial planning, motivation, or advice on how to be a successful entrepreneur. Keep winning! Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Latrease Price-Gistard. Purpose of the Interview The interview aims to educate listeners on the mortgage industry, highlight the role and benefits of working with an independent mortgage broker, and provide practical advice on home financing options, credit challenges, and programs that support homeownership. It also shares Latrease’s entrepreneurial journey and lessons learned. Key Takeaways Background and Career Path Latrease has a finance degree and started in investment operations in 1999. Transitioned from auto financing and co-owning a car dealership to mortgage lending. Became an independent mortgage broker in 2022 after being laid off during rising interest rates. Role of an Independent Mortgage Broker Holds her own license and partners with multiple lenders to offer tailored loan products. Advocates for borrowers to ensure they get the right product, not just approval. Specializes in helping first-time buyers, self-employed individuals, and those with unique challenges. Home Financing Insights Reverse Mortgages: Typically for seniors 62+, often used by those 75+ with equity and limited retirement funds. Provides tax-free cash without monthly payments; debt settled upon sale or refinance. Zero Down Payment Programs: Offers up to 3% for down payment, attached to the mortgage; other programs provide up to 5% for down payment and closing costs. FHA 203K Program: Allows buyers to finance home purchase and renovations in one loan—ideal for fixer-uppers. Credit Challenges Programs exist for credit scores as low as 500, but require higher down payments (10–20%) and result in higher interest rates. Latrease consults and provides “what-if” scenarios to help clients improve credit over time. Entrepreneurial Lessons Mistakes: Starting without enough capital and a strong pipeline; economic timing matters. Advice: Build capital, secure a solid client pipeline, and understand market conditions before going independent. Notable Quotes On independence:“As a broker, you serve as that advocate for your borrower to make sure they’re getting the right loan product.” On reverse mortgages:“The beauty of it is there are no monthly payments going back to the institution. The debt is paid off when the home is sold or refinanced.” On credit challenges:“Programs go as low as 500 credit score, but those borrowers need 10–20% down.” On entrepreneurial advice:“Make sure you have strong capital and a solid pipeline before stepping out on faith.” On perseverance:“It’s all about follow-through. It’s all about your dream and whether you want to make it happen.” #SHMS #STRAW #BESTSteve Harvey Morning Show Online: http://www.steveharveyfm.com/See omnystudio.com/listener for privacy information.

Are you ready to stop chasing traditional real estate flips and start dominating the high-yield world of paper investing? In this episode of The Note Closers Show, Scott Carson breaks down a highly lucrative, real-world case study on a vacant, non-performing reverse mortgage (HECM) located in the booming market of Waco, Texas—home of Baylor University! This unique asset has been on the radar for nearly a year, and Scott shares exclusive details after personally driving the neighborhood and walking the exterior of this red-brick family home. When an elderly reverse mortgage borrower passes away, the family often walks away, leaving a property packed with hidden equity and a fast-track path to profitability for savvy note buyers. Scott pulls back the curtain on the asset's internal BPO, dissecting the interior condition, the layout of the property, and the exact foreclosure timeline in the state of Texas. You will learn how to analyze the legal balance against real-world comps, manage a cosmetic "lipstick on a pig" clean-out budget, and protect your capital from market devaluations. Whether your goal is a quick 90-day foreclosure auction exit that yields a staggering 40% to 80% annualized ROI, or taking the asset back as an REO to capture a $39,000 net profit, this episode delivers the exact step-by-step numbers you need to replicate this strategy. Scott also maps out the critical due diligence items every investor must verify, from pulling fresh title reports to utilizing a realtor walk-through before pulling the trigger. Tune in to discover how short-term distressed note plays can secure major double-digit returns for your self-directed IRA or passive investment portfolio! Key Topics Covered in This Episode:Understanding HECM Investing: What happens when a reverse mortgage borrower passes away, and how investors can capitalize on the resulting distressed debt. Waco Market Dynamics: A deep dive into a 3-bed, 2-bath brick property located right around the corner from the highly rated Waco Midway community. Dissecting the Case Study Numbers: Breaking down the $148,000 legal balance against a Zillow fair market value of $214,000. The 80% vs. 90% Par Bidding Strategy: How offering different price points on the legal balance changes your annualized yields and downside protection. Foreclosure Auction Exit: The mechanics of Texas's rapid 90-day foreclosure timeline and how an auction payoff generates immediate cash velocity. The REO & Rehab Blueprint: Budgeting for an interior clean-out, appliances, and paint while projecting a $225,000 retail exit strategy. Essential Due Diligence Checklist: How to leverage lockbox codes, review internal BPOs, identify potential title liens, and calculate true days on market. Don't let your investment capital sit idle. Tap into the power of high-equity distressed paper today! Watch the full episode to see the video walk-through, and grab your tickets for our upcoming 2-Day Virtual Note Buying Workshop at NoteBuyingForDummies.com!Watch the Original VIDEO HERE!Book a Call With Scott HERE!Sign up for the next FREE One-Day Note Class HERE!Sign up for the WCN Membership HERE!Sign up for the next Note Buying For Dummies Workshop HERE!Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes Pinterest

Most mortgage professionals think they need more hours in the day. Jason Back says they're solving the wrong problem. In this week's Food For Thought, the founder of Broker Essentials explains why productivity isn't about working harder—it's about removing the inefficiencies that quietly limit growth. Jason shares his practical Productivity Pyramid, warns against the "comfort trap" that catches successful loan officers, explores how AI should be used to eliminate low-value work, and outlines five practical levers to build a more efficient, scalable mortgage business. Whether you're looking to improve your workflows, strengthen referral relationships or create more capacity without burning out, this episode offers practical strategies you can implement immediately. In this episode: Why productivity and efficiency are not the same thing The Productivity Pyramid and where top performers spend their time How to avoid the "comfort trap" Using AI to remove inefficiency—not replace relationships Jason Back's five practical productivity levers for mortgage professionals Watch now and discover why your next level of growth may not require more effort—just better systems. Read the full article on hecmworld.com: https://hecmworld.com/2026/07/22/food-for-thought-reverse-mortgage-professionals-dont-need-more-hours-they-need-better-systems-says-industry-mentor/  

Who is the ideal reverse mortgage client today—and how has that changed over the past decade? In this edition of Industry Leader Insights, Gabe Bodner, President of the 55 Plus Division at OneTrust Home Loans, explores one of the most important questions every reverse mortgage professional should be asking. As housing wealth grows, retirement planning evolves and attitudes toward home equity continue to shift, the traditional “last resort” borrower is no longer the only client worth focusing on. Gabe discusses the rise of planning-based borrowers, why defining your ideal client can transform your marketing and referral strategy, and how loan officers can position themselves for the next generation of HECM borrowers. Whether you're looking to grow your business, refine your target market or better understand where the industry is heading, this conversation offers valuable insights into the future of reverse mortgage lending.

Tune in to our weekly LIVE Mastermind Q+A Podcast for expert advice, peer collaboration, and actionable insights on success in the Probate, Divorce, Late Mortgage/Pre-Foreclosure, and Aged Expired niches!  In this week's All The Leads Mastermind, the discussion begins with an inspiring reverse mortgage success story from Brian Griffin, who shares how a simple direct mail campaign helped an elderly couple avoid foreclosure, remain in their home, and continue caring for their disabled son. The story highlights how reverse mortgages, when used responsibly, can provide life-changing solutions for families facing financial hardship. The team also explores proven lead generation and follow-up strategies, including the importance of consistent outreach through mail, phone calls, and nurturing campaigns. Matt and Chris from Appointments Today explain how prompt follow-up, multiple touchpoints, and treating every lead—whether an appointment or a nurture—with urgency can dramatically improve conversion rates. Later in the episode, Roger shares his servant-leader approach to working with distressed homeowners, emphasizing the importance of leading with value, building trust, and connecting families with practical resources such as credit counseling, hardship assistance, and other solutions before ever discussing a sale. Throughout the conversation, the hosts reinforce that empathy, consistency, and a genuine desire to help are the foundation of long-term success in real estate investing.  Key Takeaways: Lead with value, not a sales pitch. Focus on solving problems and providing helpful resources before discussing real estate opportunities.  Consistent follow-up creates more opportunities. Multiple touchpoints and timely outreach greatly improve the chances of connecting with motivated prospects.  Build trust through a servant-leader mindset. Show empathy, understand each family's goals, and position yourself as a trusted advisor.  Use the right resources to help clients. Connect homeowners with credit counselors, hardship assistance, reverse mortgages, or other practical solutions when appropriate.  Treat every opportunity seriously. Whether it's an appointment or a nurture lead, prompt follow-up can turn conversations into future closings.  Leverage partnerships to scale your business. Combining direct outreach with services like ISA calling and local referral partners helps maximize lead conversion. To learn more, visit https://www.AllTheLeads.com or call (844) 532-3369 to check how many leads are available in your market.   #ReverseMortgage #RealEstateInvesting #LeadGeneration #RealEstateProspectingPrevious episodes: AllTheLeads.com/probate-mastermindInterested in Leads? AllTheLeads.comJoin Future Episodes Live in the All The Leads Facebook Mastermind Group:  https://facebook.com/groups/alltheleadsmastermindBe sure to check out our full Mastermind Q&A Playlist  Support the show

Is a reverse mortgage a scam? It's the first thing most people think when they hear the phrase — and it's the first thing we tackle in this episode. Scott Kooiman sits down with Richelle Hopkins, a reverse mortgage specialist with over 20 years of experience at Mutual of Omaha Mortgage, and Steve Farrington, Senior Mortgage Loan Originator, to separate fact from fiction on one of the most misunderstood financial tools in retirement planning. What you'll learn in this episode: → Where the scam reputation came from — and why it no longer applies → How a $400,000 buyer can purchase a $700,000 home with NO monthly mortgage payment (reverse mortgage for purchase) → Three ways to access your home equity: line of credit, monthly payment, or lump sum → The guaranteed growing credit line — and why setting it up early could be one of the smartest retirement moves you make → What your heirs actually inherit — and the non-recourse protection that means your family can never owe more than the home is worth → Why there's a mandatory independent counseling step built into every reverse mortgage — and why that's a feature, not a burden → The real obligations a homeowner keeps after closing (and what happens if they can't meet them) Whether you're 55+ and planning your retirement, a financial professional looking for tools your clients aren't using, or a family member trying to help a parent make the right call — this episode gives you the honest, full picture. Guest: Richelle Hopkins | Reverse Mortgage Specialist | Mutual of Omaha Mortgage Host: Scott Kooiman | Associate Broker | Mutual of Omaha Mortgage | State 48 Homeowner Also featuring: Steve Farrington | Senior Mortgage Loan Originator | Mutual of Omaha Mortgage

For many retirees, the fear isn't just living longer, it's outliving their money. Housing-rich but cash-poor seniors often feel trapped, thinking their only choices are to downsize, rent, or lean on family. Today's guest, Kevin Guttman, CRMP, is one of only about 210 Certified Reverse Mortgage Professionals in the U.S., and he's on a mission to change the conversation around retirement cash flow, home equity, and reverse mortgages. In this episode of Marketer of the Day, Kevin explains how reverse mortgages have evolved from their early days in 1961 into a tightly regulated, post-2015 financial tool designed to help seniors age in place, eliminate mandatory mortgage payments, and tap into home equity without giving up ownership. He breaks down what a reverse mortgage really is (and isn't), why so much of the negative press is based on outdated or incomplete information, and how the program can provide tax-free cash flow, a growing line of credit, or a way to finance a new retirement home without adding a monthly mortgage payment. Kevin shares real-life stories from his book, A Reverse Mortgage Changed My Life, including clients who went from putting groceries on credit cards to finally being able to sleep at night, couples who avoided seven-figure mistakes by not selling and renting, and retirees who used a reverse mortgage to move into low-maintenance homes that fit their health needs, without financial panic. He also explains the math behind why there's usually still equity left at the end, even when interest is deferred, and how appreciation and conservative lending limits work in the homeowner's favor.Beyond the product itself, Kevin emphasizes financial education, strategic use of debt, and the wealth-building power of real estate. He and Robert discuss why schools don't teach money fundamentals, why parents need to take the lead, and how misunderstandings about homeownership and retirement planning can quietly cost families millions over the long term. https://youtu.be/P0iNdMei5fY?si=1Gm0NG6MaQcB6U0x Finally, Kevin explains why it's critical to work with a true specialist, a Certified Reverse Mortgage Professional, instead of a general loan officer or financial advisor who dabbles in the space. He walks through his streamlined 22-day process from application to closing, his no-pressure, education-first approach, and the resources he offers through his website and book for anyone considering a reverse mortgage. If you or your loved ones are approaching retirement and worried about cash flow, this conversation will give you a grounded, up-to-date look at whether a reverse mortgage could be a smart part of your plan. Quotes: "Real estate is strategic debt. People who own real estate have a forty-times higher net worth than people who rent." "People hear 'reverse mortgage' and the wall goes up, but they're going off of inaccurate or outdated information." "If you don't make your property tax payment, you're going to be foreclosed on, whether you have a regular mortgage, a reverse mortgage, or no mortgage." Contact Details: Explore Kevin Guttman's Official Website Visit Kevin Guttman's Facebook Page Connect with Kevin Guttman on LinkedIn Follow Kevin Guttman on Instagram Get a Copy of A Reverse Mortgage Changed My Life on Amazon

Harlan Accola explains how homeowners can strategically use reverse mortgages to create a more efficient retirement and legacy. Accola uses specialized software to demonstrate how individuals can eliminate mandatory monthly mortgage payments, access tax-free cash from home equity, and even generate significant tax deductions. Watch the Interview on Youtube for Visuals - https://youtu.be/acQkZPe2kuMWant to See If Whole Life Insurance Can Improve Your Financial Plan? Schedule Your Clarity Call Here: https://bttr.ly/bw-yt-aa-clarity Want Us To Review Your Permanent Life Insurance Policy? Click Here: https://bttr.ly/yt-policy-review Want Free Whole Life Insurance Resources & Education? Go Here: https://bttr.ly/yt-bw-vault Learn More About BetterWealth: https://betterwealth.com Chapters: DISCLAIMER: https://bttr.ly/aapolicy *This video is for entertainment purposes only and is not financial or legal advice. Financial Advice Disclaimer: All content on this channel is for education, discussion, and illustrative purposes only and should not be construed as professional financial advice or recommendation. Should you need such advice, consult a licensed financial or tax advisor. No guarantee is given regarding the accuracy of the information on this channel. Neither host nor guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered.

The reverse mortgage has been shrouded in controversy and misunderstanding due to some early abusive sales tactics and its highly vulnerable target market, but when used under the right circumstances, the reverse mortgage can be a game changer. Donna and Nathan have a conversation with reverse mortgage expert, Garrett Duffy, to explain how reverse mortgages work, and who should and shouldn't consider one as part of their retirement income plan. This material is intended for informational educational purposes only and should not be construed as investment advice, a solicitation, or a recommendation. Reverse mortgages are subject to risk, including possible foreclosure, high fees, and interest payments, and they may negatively affect your eligibility for various state and federal benefits. Please contact your financial professional for more information specific to your situation. Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, CFP®, CIMA®, CPWA®; Special Guest: Garrett Duffy, Supreme Lending; Air Date: 6/12/2026; Original Air Date: 10/27/2023. Have a question for the hosts? Leave a message on the MoneyTalk Hotline at (401) 587-SOWA and have your voice heard live on the air!See omnystudio.com/listener for privacy information.

What Exactly Is a Reverse Mortgage? Episode 387 – We hear so much talk these days about reverse mortgages. Are they worth looking into? For some people the answer is yes, but only if certain conditions are met. More SML Planning Minute Podcast Episodes Transcript of Podcast Episode 387 Hello, this is Bill Rainaldi, with another edition of Security Mutual's SML Planning Minute. In today's episode: so what exactly is a reverse mortgage? It's hard to miss all the talk these days about reverse mortgages as an income tool for retirees. Some experts like them, some experts don't. But what are they and how do they work? For many Americans, their biggest asset is the equity they have in their home. Some might not have saved much for retirement. But after years, perhaps decades, of living in the same home, they've built up their home equity through appreciation and amortization of their mortgage. When they look at their balance sheets, that becomes their biggest plus. What options do people have if they get to retirement age, have limited retirement savings, and realize that Social Security just isn't going to be enough? A reverse mortgage is one possible answer. A reverse mortgage is available for homeowners aged 62 and over. It is a way to fund retirement by borrowing against the equity you've built up in your home. The more home equity you have, the better. But it's certainly not for everyone. A reverse mortgage is not the same thing as a home equity line of credit, or HELOC. It's called a reverse mortgage because instead of you making monthly payments to the bank, the bank makes monthly payments to you. The income you get from a reverse mortgage is generally not taxable. You can use that income as needed to cover monthly expenses, including such things as home maintenance, property taxes, or, if needed, home health care expenses.[1] A reverse mortgage isn't free. The amount you owe against your house, which includes the principal and accruing interest, increases as you receive your monthly payments. So over time, your home equity decreases. You are essentially trading a little bit of your home equity every month for current income. Note that you typically don't have to repay the mortgage as long as you continue to use the home as your primary residence. But if you decide to sell your house or move out, the full balance will become due. If you die before you move out, in most cases your executor will sell the home and use the proceeds to pay back the accumulated reverse mortgage debt.[2] Reverse mortgages generally come in three different varieties. The first, and by far the most common, are loans overseen by the Federal Housing Authority. These are known as Home Equity Conversion Mortgages or HECMs. The homeowner has discretion over what to use the funds for, but before closing, they must meet with a counselor approved by the Department of Housing and Urban Development. This one requirement is designed to help curb fraud and abuse. HECMs account for approximately 95 percent of all reverse mortgages.[3] They are more regulated than other types of reverse mortgages and offer some extra protection. For one thing, neither you nor your heirs will ever owe more than the house is worth, even if it goes down in value. And if your lender goes out of business, the federal insurance program guarantees that you will still receive your monthly payments.[4] The maximum you can borrow under the federal program in 2026 is $1,249,125.[5] You will typically need to have at least 50 percent equity in your home (based on appraised value) to qualify. Reverse mortgages typically have adjustable interest rates. Note that the income from a reverse mortgage usually comes in the form of a monthly payment, but that's not a requirement. It can also be in a lump sum. The two other less common types of reverse mortgages are “single-purpose reverse mortgages,” which are backed by a nonprofit organization or a state or local government, and “proprietary reverse mortgages,” which are offered by private organizations without any government backing. Reverse mortgages have had a somewhat mixed reputation over the years. For one thing, the fees involved can be considerable. A reverse mortgage typically has origination fees, mortgage insurance premiums, closing costs and monthly servicing fees, all of which add up.[6] And there are still some scams out there. Some fraudsters will entice vulnerable seniors with misleading or fraudulent claims. One of those might be when a potential intermediary tries to get you into a reverse mortgage, then uses the money for some sort of “investment opportunity” that they control. They will then typically end up pocketing some of your home's equity themselves.[7] One way to avoid scams like this is to start with a trusted financial advisor or your current lender. Are there other potential solutions? Of course. The most obvious is, if possible, to save more at an earlier age and allow compound interest to work its magic. But for a lot of people, that's just not possible. For some people, a reverse mortgage is another option. There are caveats, but this may be a good choice in the right circumstances. A reverse mortgage is not the perfect solution, but for some, depending on their situation, it may be the most viable one. [1] Equifax Life Stages. “What is a Reverse Mortgage and How Does it Work?” Equifax.com. https://www.equifax.com/personal/education/credit/score/articles/-/learn/reverse-mortgage/ (accessed May 19, 2026). [2] Id. [3] Yale, Aly J. “What Is a Reverse Mortgage?” AARP.org. https://www.aarp.org/money/personal-finance/reverse-mortgage-guide/ (accessed May 19, 2026). [4] Id. [5] Johnson, Jamie. “HECM Loan Limits: What They Are and How They Work in 2026.” Themortgagereports.com. https://themortgagereports.com/124868/hecm-loan-limits (accessed May 20, 2026). [6] Miller, Peter G. “Reverse mortgage pros and cons.” Bankrate.com. https://www.bankrate.com/mortgages/reverse-mortgage-pros-and-cons/#cons (accessed May 20, 2026). [7] Goff, Kacie. “Reverse mortgage scams: What they are and how to avoid them.” Bankrate.com. https://www.bankrate.com/mortgages/reverse-mortgage-scams/#common-scams (accessed May 20, 2026). More SML Planning Minute Podcast Episodes This podcast is brought to you by Security Mutual Life Insurance Company of New York, The Company That Cares®. The content provided is intended for educational and informational purposes only. Information is provided in good faith. However, the Company makes no representation or warranty of any kind regarding the accuracy, reliability, or completeness of the information. The information presented is designed to provide general information regarding the subject matter covered. It is not to serve as legal, tax or other financial advice related to individual situations, because each individual's legal, tax and financial situation is different. Specific advice needs to be tailored to your situation. Therefore, please consult with your own attorney, tax professional and/or other advisors regarding your specific situation. To help reach your goals, you need a skilled professional by your side. Contact your local Security Mutual life insurance advisor today. As part of the planning process, he or she will coordinate with your other advisors as needed to help you achieve your financial goals and objectives. For more information, visit us at SMLNY.com/SMLPodcast. If you've enjoyed this podcast, tell your friends about it. And be sure to give us a five-star review. And check us out on LinkedIn, YouTube and Twitter. Thanks for listening, and we'll talk to you next time. Tax laws are complex and subject to change. The information presented is based on current interpretation of the laws. Neither Security Mutual nor its agents are permitted to provide tax or legal advice. The applicability of any strategy discussed is dependent upon the particular facts and circumstances. Results may vary, and products and services discussed may not be appropriate for all situations. Each person's needs, objectives and financial circumstances are different, and must be reviewed and analyzed independently. We encourage individuals to seek personalized advice from a qualified Security Mutual life insurance advisor regarding their personal needs, objectives, and financial circumstances. Insurance products are issued by Security Mutual Life Insurance Company of New York, Binghamton, New York. Product availability and features may vary by state.​ SubscribeApple PodcastsSpotifyAndroidPandoraby EmailTuneInDeezerRSSMore Subscribe Options

This week's HECM World Weekly breaks down the latest housing and economic data shaping the future of retirement finance. The housing market is becoming more rational again. Sellers are adjusting expectations, buyers remain active when affordability makes sense, and mortgage activity continues slowing under the weight of higher rates and elevated housing costs. At the same time, new research shows Americans age 50+ now generate $12.5 trillion in economic activity annually — reinforcing just how central older homeowners have become to the broader U.S. economy. But there's another side to the story: Older Americans are also carrying more debt, facing higher living costs and increasingly relying on housing wealth to support retirement stability. In this episode: Why the housing market is starting to normalize What slowing mortgage activity means for aging in place Why affordability is driving almost every housing decision now The growing economic influence of Americans 50+ Rising debt pressure among retirees The emotional complexity behind the Great Wealth Transfer Onity's approved reverse MSR sale to Finance of America The latest May 2026 HECM endorsement numbers The broader takeaway? Retirement planning is increasingly becoming housing planning. Read the full article here: https://hecmworld.com/2026/06/05/podcast-buyers-return-older-americans-carry-the-economy/ Subscribe for weekly reverse mortgage industry news, housing insights and retirement finance analysis from HECM World.

Many retirees spend decades building equity in their homes. But could that equity become a wise tool for stewardship in the next season of life? For many people, the words reverse mortgage raise immediate concerns. Some of those concerns come from outdated information, past abuses, or even a sense of guilt about taking on debt later in life. But is it possible that some retirees have dismissed this option too quickly? Harlan Accola, who leads the reverse mortgage team at Movement Mortgage, joined the show today to help separate myth from reality and explain how today's reverse mortgages may fit into a broader financial plan for some homeowners. Why Reverse Mortgages Have a Stigma Reverse mortgages have carried a strong stigma for years, and according to Accola, some of that reputation was deserved. In the past, there were bad products, bad actors, weak regulation, and not enough consumer protections. Those stories have been passed down through families, churches, and communities, shaping the way many people think about reverse mortgages today. But Accola says today's reverse mortgages are very different, especially when handled by qualified professionals and governed by stronger safeguards. Much of the fear surrounding reverse mortgages is based on outdated information. Many people assume that taking out a reverse mortgage means losing ownership of their home. But that is not how the product works. A reverse mortgage is simply a lien on the property. The homeowner does not lose ownership of the home, and monthly payments are not required. Instead, the loan is repaid later, usually when the borrower sells the home, moves out, or passes away. That distinction matters because many retirees may be making decisions based on fear rather than accurate information. Is All Debt Bad Debt? Another common concern is that reverse mortgages are simply “bad debt.” But Accola points out that not all debt functions the same way. Most people would not have been able to build wealth through homeownership if they had waited until they could pay for their first house in cash. A traditional mortgage often allows families to purchase a home, build equity, and create long-term stability. Of course, some debt can be dangerous. Credit card debt, high-interest loans, and unnecessary consumer debt can quickly become burdensome. Proverbs 22:7 reminds us, “The rich rules over the poor, and the borrower is the slave of the lender.” That warning should lead us to approach debt with humility and caution. But a reverse mortgage is different from many other forms of debt because it does not require mandatory monthly payments. That feature may provide flexibility for retirees who are trying to manage cash flow, reduce pressure on investment accounts, or remain in their homes without selling. This does not mean a reverse mortgage is right for everyone. It simply means the question should not be answered by fear or assumptions alone. The better question is whether this tool serves wise stewardship in a specific family's situation. Why Some Christians Feel Guilty For many believers, the hesitation is not only financial—it is spiritual. Some Christians have heard the message that being debt-free automatically makes someone more faithful or responsible. While there is great wisdom in eliminating unnecessary debt, that does not mean every form of debt is morally the same. Accola notes that many retirees still carry mortgage debt into retirement. In fact, many homeowners reach retirement age without having paid off their homes entirely. Others may own their homes but need additional income flexibility. In those situations, shame can become a barrier to wisdom. A retiree may think, “I should have done better,” or “I must not be faithful if I still have a mortgage.” But Scripture does not call us to make financial decisions out of guilt. It calls us to wisdom, prayer, counsel, and trust in God. Stewardship is not about maintaining the appearance of financial success. It is about faithfully managing what God has entrusted to us in this season. For some families, using home equity may be a prudent option. For others, it may not be. But either way, the decision should be made with clarity, not shame. A Tool, Not a One-Size-Fits-All Solution A reverse mortgage should never be treated as a magic solution. It is a financial tool, and like any tool, it can be used wisely or unwisely. For some retirees, it may create breathing room in the budget. It may help them stay in their home. It may reduce the need to sell investments during a market downturn. It may also allow them to preserve other assets for longer. But there are also important considerations. Borrowers need to understand the costs, long-term implications, effect on heirs, and responsibilities that remain with the homeowner, such as taxes, insurance, and maintenance. That is why wise counsel is essential. Proverbs 15:22 says, “Without counsel plans fail, but with many advisers they succeed.” A reverse mortgage decision should involve qualified professionals, trusted family members, and careful prayer. It should also be considered as part of a broader retirement plan, not in isolation. Don't Decide Based on Fear or Rumors Accola's encouragement to listeners was simple: do not make financial decisions based on fear, rumors, or guilt. Instead, get accurate information. Talk with people you trust. Seek guidance from professionals who understand how reverse mortgages work today. And when appropriate, involve your family so they understand your thinking and your goals. A reverse mortgage is not right for everyone. But for some retirees, it may be a helpful part of a broader stewardship strategy. The key is understanding your options. Faithful stewardship does not mean refusing to consider every financial tool. It means asking wise questions, seeking trustworthy counsel, and making decisions that help you manage God's resources with humility and care. For homeowners in retirement, that may include taking a fresh look at home equity—not as a source of security, but as one possible tool to support faithful living in the next season. Learn More If you'd like to learn more about whether a reverse mortgage could be a wise option for your situation, visit FaithFi.com/Movement. Movement Mortgage serves families in all 50 states and can help you understand how today's reverse mortgages work, what safeguards are in place, and whether this tool may fit into your broader financial plan. That's FaithFi.com/Movement. On Today's Program, Rob Answers Listener Questions: I'm 31 and own five properties. I've renovated some myself and built significant equity, but most of my cash is tied up in the homes. Should I sell some properties to free up capital, or hold them, do cash-out refinances, rent them out, and benefit from appreciation and loan paydown? How should I decide between flipping and becoming a landlord? I'm 64 and still working. Because of our income, my wife and I are limited in how much we can contribute to Roth IRAs. I've heard about the backdoor Roth strategy. How does that work, and can the nondeductible IRA contribution go into an existing traditional IRA, or should it be a separate account? I'm trying to pay down my mortgage and a small loan faster. Is it better to make small extra principal payments each month or one larger principal payment once a year? Does it make much difference? I'm 72 and had about $31,000 in credit card debt. After years of disability and financial strain, I called Christian Credit Counselors and started a debt management plan. Now I'm on track to be debt-free in five years, have more usable income each month, and feel encouraged enough to give again. Is it normal to feel this much relief after starting a plan? I'm 61, married, and planning to retire at 67. I have an old employee trust fund with about $8,378 earning 7.5%, plus a traditional IRA with about $3,823. My husband thinks I should roll the trust fund into my IRA. Is that a good idea, especially since it's currently earning 7.5%? Resources Mentioned: Faithful Steward: FaithFi's Quarterly Magazine (Become a FaithFi Partner) Christian Credit Counselors Movement Mortgage Our Ultimate Treasure: A 21-Day Journey to Faithful Stewardship by Rob West Wisdom Over Wealth: 12 Lessons from Ecclesiastes on Money Look At The Sparrows: A 21-Day Devotional on Financial Fear and Anxiety Rich Toward God: A Study on the Parable of the Rich Fool Find a Certified Kingdom Advisor® (CKA) FaithFi App Remember, you can call in to ask your questions every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God's resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Could the equity in our home become a wise means for stewardship in the next season of life? For many, the words, “reverse mortgage” raise immediate concerns—sometimes because of outdated information, fear, or even guilt. But is it possible we’ve dismissed this tool too quickly? On the next Faith & Finance Live, Harlan Accola joins Rob West to help separate myth from reality. Then, it’s on to calls. That’s Faith & Finance Live— biblical wisdom for your financial decisions—weekdays at 4pm Eastern/3pm Central on Moody Radio. Faith & Finance Live is a listener supported program on Moody Radio. To join our team of supporters, click here.To support the ministry of FaithFi, click here.To learn more about Rob West, click here.To learn more about Faith & Finance Live, click here.See omnystudio.com/listener for privacy information.

Fan Mail: Tell Wendy how you're saying yes to yourself!Join Wendy for her dreamy Summer Solstice White Party on Saturday June 20, 2026 —an al fresco evening of delicious food, intention-setting, and celebration at the Phineas Wright House. Wear white, gather at the long table in the field, and toast to the season ahead. Save you seat here: phineaswrighthouse.com/the-shop/p/summer-solstice-white-partyIn this episode, Wendy sits down with Laura Phillips, a reverse mortgage lender. Laura challenges the generational belief that home equity is only a safety net, and explores how reverse mortgages can actually help seniors say yes to themselves and fund the life they want to live.They explore:What reverse mortgages actually are (and why the name confuses people)How non-recourse loans protect your heirs from debtWhy shifting your mindset about equity changes everythingLaura shares real stories of how reverse mortgages have helped seniors stay in their homes longer, fund in-home care, and maintain independence without burdening their children. She talks about breaking generational patterns around debt and home ownership, and why this financial tool deserves a second look.This is a conversation about reframing what your home equity can do for you in your later years.Connect with Laura:LinkedIn: linkedin.com/in/laurawphillipsWebsite: lauraphillips.comPhone: (303) 817-4611________________________________________________________________________________________Connect with Wendy:LinkedinInstagram: @wendy.harropFacebook: Phineas Wright HouseWebsite: Phineas Wright House PWH Farm StaysPWH Curated Experience and TravelInterested in being a guest on the show? Send your pitch to podcast@phineaswrighthouse.comPodcast Production By Shannon Warner of Resonant Collective Want to start your own podcast? Let's chat!If this episode resonated, follow Say YES to Yourself! and leave a  5-star review. It helps more women in midlife discover the tools, stories, and community that make saying YES not only possible, but powerful.

In this episode, financial advisor Alyssa McNamara Reed speaks with reverse mortgage specialist David Tourtillott about the modern role of federally regulated Home Equity Conversion Mortgages. David Tourtillott explains how today's reverse mortgages differ from the poorly regulated and often misunderstood products of the past. Insured by the FHA, these loans include safeguards designed to protect homeowners and their heirs. For seniors age 62 and older, a reverse mortgage can provide access to home equity without monthly mortgage payments, creating tax-free cash flow or a growing line of credit for future needs such as long-term care. The conversation also addresses common misconceptions, including concerns about ownership, inheritance, and repayment. Tourtillott, explains that reverse mortgages are non-recourse loans, meaning heirs are not responsible for debt beyond the value of the home. Ultimately, the episode presents the reverse mortgage as a strategic retirement planning tool, one that may help retirees preserve investment assets, manage cash flow, and create greater financial flexibility in later life. Alyssa McNamara Reed, CFP® is a financial planner with a passion for the intersection of taxes and investing.  Alyssa works with motivated savers, beneficiaries of estates, business owners, divorcees, and pre-retirees.

Anthony Byrnes from CrossCountry Mortgage joins Adam on this episode of Retire Y'all to break down reverse mortgages, retirement lending options, and how these loans actually work. They discuss financial assessments and how lenders help ensure that, regardless of the loan amount, borrowers still have enough income and assets to cover important expenses like homeowners insurance and property taxes.

Tom and Don tackle one of retirement planning's most misunderstood tools: reverse mortgages. Using the analogy of “selling your house in slow motion,” they explain how modern HECM reverse mortgages work, why they've become more regulated and potentially more useful, and why they may deserve consideration for retirees who are house-rich but cash-poor. The duo breaks down the real costs, the cash-flow benefits of eliminating a mortgage payment, and the tradeoffs between preserving home equity and improving retirement security. Listener questions cover the differences between money market funds and bond funds like Vanguard Total Bond Market ETF, ETF versus mutual fund fees, and another spirited debate over Bitcoin and whether it truly has intrinsic value.0:05 “Money in slow motion” and the reverse mortgage analogy1:48 Why reverse mortgages still have a terrible reputation2:33 America's massive home equity and retirement savings comparison4:34 Celebrity reverse mortgage spokespeople and the “wild west” era6:11 How modern HECM reverse mortgages actually work7:14 Reverse mortgage costs, fees, and borrowing limits by age9:06 Real-world example of accessing equity from a million-dollar home10:25 Why reverse mortgages still feel like a last resort11:13 The biggest hidden benefit: eliminating mortgage payments12:17 The compounding impact of reverse mortgage interest13:24 Shockingly low retirement savings statistics in America15:10 Would Tom or Don personally use a reverse mortgage?17:05 Listener question: money market funds vs. bond funds21:10 ETF versus mutual fund fees and whether ETFs are worth it25:10 Listener pushes back on Don and Tom's Bitcoin skepticism26:58 Military testimony, blockchain hype, and Bitcoin promotion30:39 Final thoughts on crypto evangelism and speculative investingQuestions? Comments? Click!

Listen and subscribe to Money Making Conversations on iHeartRadio, Apple Podcasts, Spotify, www.moneymakingconversations.com/subscribe/ or wherever you listen to podcasts. New Money Making Conversations episodes drop daily. I want to alert you, so you don’t miss out on expert analysis and insider perspectives from my guests who provide tips that can help you uplift the community, improve your financial planning, motivation, or advice on how to be a successful entrepreneur. Keep winning! Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Latrease Price-Gistard. Purpose of the Interview The interview aims to educate listeners on the mortgage industry, highlight the role and benefits of working with an independent mortgage broker, and provide practical advice on home financing options, credit challenges, and programs that support homeownership. It also shares Latrease’s entrepreneurial journey and lessons learned. Key Takeaways Background and Career Path Latrease has a finance degree and started in investment operations in 1999. Transitioned from auto financing and co-owning a car dealership to mortgage lending. Became an independent mortgage broker in 2022 after being laid off during rising interest rates. Role of an Independent Mortgage Broker Holds her own license and partners with multiple lenders to offer tailored loan products. Advocates for borrowers to ensure they get the right product, not just approval. Specializes in helping first-time buyers, self-employed individuals, and those with unique challenges. Home Financing Insights Reverse Mortgages: Typically for seniors 62+, often used by those 75+ with equity and limited retirement funds. Provides tax-free cash without monthly payments; debt settled upon sale or refinance. Zero Down Payment Programs: Offers up to 3% for down payment, attached to the mortgage; other programs provide up to 5% for down payment and closing costs. FHA 203K Program: Allows buyers to finance home purchase and renovations in one loan—ideal for fixer-uppers. Credit Challenges Programs exist for credit scores as low as 500, but require higher down payments (10–20%) and result in higher interest rates. Latrease consults and provides “what-if” scenarios to help clients improve credit over time. Entrepreneurial Lessons Mistakes: Starting without enough capital and a strong pipeline; economic timing matters. Advice: Build capital, secure a solid client pipeline, and understand market conditions before going independent. Notable Quotes On independence:“As a broker, you serve as that advocate for your borrower to make sure they’re getting the right loan product.” On reverse mortgages:“The beauty of it is there are no monthly payments going back to the institution. The debt is paid off when the home is sold or refinanced.” On credit challenges:“Programs go as low as 500 credit score, but those borrowers need 10–20% down.” On entrepreneurial advice:“Make sure you have strong capital and a solid pipeline before stepping out on faith.” On perseverance:“It’s all about follow-through. It’s all about your dream and whether you want to make it happen.” #SHMS #STRAW #BESTSupport the show: https://www.steveharveyfm.com/See omnystudio.com/listener for privacy information.

Reverse mortgages have one of the worst reputations in real estate - and most of it is based on outdated information, half-truths, or flat-out misunderstanding. In this episode, I chat with mortgage expert Laura Phillips to unpack what a reverse mortgage actually is, how it works today, and where it can be a powerful financial tool. In a market where property taxes are rising, insurance costs are climbing, and many homeowners are sitting on equity but short on cash… This conversation might change how you think about aging, equity, and staying in your home. Key takeaways to listen for What a reverse mortgage actually is and why it has a bad reputation How seniors can use equity without selling their home The shocking reason some reverse mortgages end in foreclosure How this tool can help cover property taxes + insurance Why real estate professionals need to understand reverse mortgages Resources mentioned in this episode HUD About Laura PhillipsLaura is a seasoned mortgage professional with over 30 years of experience, specializing in reverse mortgages and helping clients navigate them with clarity and confidence. A proud member of the Boomer generation, she offers a highly personal, hands-on approach - guiding clients through every step of the loan process without call centers or intermediaries. Originally from various states west of the Mississippi and with time spent overseas, Laura now calls Colorado home. She previously lived in Eldora at 9,000 feet and currently resides in Longmont. Outside of work, she enjoys Colorado's mix of refined dining and outdoor adventure, and treasures time with her two daughters, husband of over 40 years, and their German Shepherds.   Connect with Laura Website: Reverse Mortgage Specialist - Laura Phillips Facebook: Laura Phillips, CO Mortgage Lender NMLS 281098 Email: Laura@lauraphillips.com Contact Number: 303-817-4611   About Leigh BrownLeigh Brown is a keynote speaker and leadership expert who helps organizations navigate growth, conflict, and change with clarity and courage. Her message resonates with leaders facing real-world pressure—whether that's housing challenges, organizational friction, or cultural shifts. Her latest book, Next Is Now, equips leaders to stop reacting and start leading with intention.

Tune in to our weekly LIVE Mastermind Q+A Podcast for expert advice, peer collaboration, and actionable insights on success in the Probate, Divorce, Late Mortgage/Pre-Foreclosure, and Aged Expired niches!  Today's open forum focuses on how agents, investors, and mortgage professionals can work together to better serve families through major life transitions. The panel discusses the value of combining different skill sets, with realtors, lenders, investors, and brokers collaborating to provide the right solution at the right time, including reverse mortgage options for seniors facing late payments or cash-flow challenges. Speakers share practical ways to stay top of mind, including building consistent lead sources, leading with value first, presenting multiple options, and bringing trusted lenders into conversations to create better outcomes for homeowners. The discussion also emphasizes becoming a connector rather than wearing just one hat, helping clients find the right specialists when needed. Along the way, the group covers tools like Wheel of Probate, Homebot for automated client engagement, and AI tools that can help identify prospects and create warmer conversations. Real-world examples show how referrals, timely follow-up, and shared marketing efforts between brokers, agents, and lenders can create a sustainable pipeline. Attendees also stress the importance of empathy, listening, and providing value first to build trust and long-term relationships. The conversation touches on Hawaii market nuances and how situations like probate, divorce, and foreclosure can become opportunities when clients are guided toward the best solution for their needs.  Key Takeaways:  Provide value first in every client interaction to earn trust and referrals.  Build a pillar-based business by partnering with lenders, realtors, and investors.  Use a multi-solution approach, including reverse mortgages, to help clients.  Cultivate relationships; ensure you are top of mind before asking for business.  Leverage tools like Homebot and AI to automate outreach and data-driven prospecting.  Maintain regular, empathetic follow-up to turn conversations into commitments.   To learn more, visit https://www.AllTheLeads.com or call (844) 532-3369 to check how many leads are available in your market.  #ProbateRealEstate #RealEstateInvesting #ReverseMortgage #RealEstateMarketing  Previous episodes: AllTheLeads.com/probate-mastermindInterested in Leads? AllTheLeads.comJoin Future Episodes Live in the All The Leads Facebook Mastermind Group:  https://facebook.com/groups/alltheleadsmastermindBe sure to check out our full Mastermind Q&A PlaylistSupport the show

Welcome back to Late Boomers! We're Cathy and Merry, your guides to creating your next chapter with passion, purpose, and possibilities. In this insightful episode, we dive deep into a topic that's high on the minds of many Baby Boomers and their families: reverse mortgages, what they are, how they work, and whether they could be the financial solution you've been looking for.Our special guest is Kevin Guttman, a senior mortgage broker, reverse mortgage specialist, and three-time Amazon bestselling author, with over 21 years of experience. As one of only a small number of certified Reverse Mortgage Professionals in the country, Kevin brings a wealth of knowledge, a transparent approach, and a passion for educating seniors and their families.In this episode, we cover:What makes a reverse mortgage different from a traditional mortgageThe top misconceptions and myths about reverse mortgagesHow reverse mortgages can provide financial flexibility without requiring you to leave your homeWho makes an ideal candidate (and who doesn't)Creative ways retirees are using reverse mortgages to improve their livesKey protections and recent regulatory changes that make reverse mortgages saferImpact on heirs and estate planning considerationsCommon mistakes to avoid and how to start the conversation with your familYWhether you're thinking about tapping into your home equity, seeking greater financial security in retirement, or simply want to learn about every option available, this episode is packed with actionable insights and compelling real-world stories.Key TakeawaysReverse mortgages offer flexibility: you can access your home's equity as a lump sum, monthly payments, or via a line of credit, with no monthly mortgage payment required.You do NOT lose ownership of your home, you remain on the title, and the only way the loan is repaid is through sale or refinance when you leave the home.Reverse mortgages are highly regulated and now much safer thanks to government reforms, mandatory counseling, and protections for non-borrowing spouses.This financial tool isn't for everyone: It's best for those planning to remain in their home long-term and can manage property expenses.Your heirs have options: they can pay off the loan, sell the home, or request extensions if needed, and there's rarely pressure for a rushed decision.Education is key, don't fall for myths and misinformation, and always work with a trusted, experienced reverse mortgage professional.Start the family conversation early, and use the “toolbox” approach. Getting informed now means you'll be ready, even if you never need it.If you're a homeowner approaching or in retirement, or if you have aging parents, this episode is a must-listen. Listen now, subscribe, and share this episode with friends and family who can benefit from understanding their financial options.For more resources, visit reversemortgagerevolution.com for Kevin's free consumer guide, short educational videos, and to learn more about his Amazon bestselling book, “A Reverse Mortgage Changed My Life.”Subscribe to Late Boomers so you never miss an episode filled with expert advice and inspiring stories. Remember, it's never too late to create the life you want start exploring your next chapter today!— Cathy & MerryMentioned in this episode:Late Boomers is part of the eWomenPodcastNetwork. eWomenPodcastNetwork

summary Explore the ins and outs of reverse mortgages with expert Laura Phillips, including misconceptions, costs, and practical uses for homeowners aged 62 and older. Learn how reverse mortgages can support aging in place, fund education, and provide financial security.  key  topics What is a reverse mortgage and how does it work Common misconceptions about reverse mortgages Cost structure and mortgage insurance explained Uses of reverse mortgage funds: aging in place, education, second homes What happens when the homeowner passes away  Guest Laura Phillips Home Equity Strategist | Creator of The Equity Shift Turning Home Equity Into Life Options Explored carefully. Decided thoughtfully. Licensed Mortgage Professional NMLS # 281098 MAC5 Mortgage Inc NMLS # 199325 Licensed in CO, CA, FL Equal Housing Lender  303-817-4611  WWW.LauraPhillips.com  laura@lauraphillips.com Laura Phillips is a Licensed Reverse Mortgage Specialist with over 25 years of experience in real estate lending, dedicated to guiding clients through the HECM and reverse loan process to ensure they make informed financial decisions for their futures. Serving all of Colorado, California and Florida, she specializes in FHA HECM and proprietary Portfolio Jumbo Reverse loans, helping her clients enhance cash flow and preserve their retirement assets. Laura believes that a home is more than just a house; it's a significant financial commitment, and she is committed to helping families enjoy their best years in their homes. sound bites "Reverse mortgages allow aging in place comfortably" "A reverse mortgage can fund a trip around the world" "Find a lender you trust for this important decision" Chapters 00:40 Introduction to Reverse Mortgages 02:21 Understanding HECM and Its Benefits 04:25 Common Misconceptions About Reverse Mortgages 06:00 Costs and Fees Associated with Reverse Mortgages 08:20 Accessing Funds from a Reverse Mortgage 10:57 Homeownership and Reverse Mortgages 12:31 Using Reverse Mortgages for Various Needs 13:16 What Happens When a Homeowner Passes Away? 15:31 Aging in Place and Reverse Mortgages 18:15 Unique Uses of Reverse Mortgages 20:49 Considerations Before Choosing a Reverse Mortgage 23:43 The Importance of Family Discussions 26:20 Conclusion and Contact Information      

Tune in to our weekly LIVE Mastermind Q+A Podcast for expert advice, peer collaboration, and actionable insights on success in the Probate, Divorce, Late Mortgage/Pre-Foreclosure, and Aged Expired niches!  On episode 574 of All the Leads Mastermind, Tim and Alyssa unveil a new reverse mortgage lead product designed for mortgage professionals, targeting homeowners 62+ with strong equity who are behind on payments but not yet in foreclosure. They explain how respectful, education-first outreach can create stronger conversations and help seniors stay in their homes while preserving value for lenders and agents. A key feature is a professionally written first-contact letter mailed on behalf of the broker, supported by an integrated print/mail and CRM system with accurate data, multiple phone numbers, and automated follow-up. Veteran reverse mortgage expert Laurie adds valuable insight on Life Expectancy Set Aside (LISA) accounts used to cover taxes and insurance, how reverse mortgages can help in divorce settlements or estate planning, and why reverse for purchase can be a powerful option for downsizing seniors. Throughout the call, experts also discuss probate, pre-probate, and late mortgage scenarios, reinforcing how education, trust, and compliance can turn difficult situations into opportunities. The core message: this is a complete, partner-driven system built to help brokers start conversations earlier, earn trust faster, and close more deals with less guesswork. Key Takeaways: - Not all late mortgage leads are equal. High-equity senior homeowners can be strong reverse mortgage opportunities.  - The new product targets homeowners 62+ with significant equity who are behind on payments but not yet in foreclosure.  - Professionally written first-contact letters are designed to educate, build trust, and start conversations early.  - Life Expectancy Set Aside (LISA) accounts can cover taxes and insurance, helping protect seniors from future defaults.  - Reverse for Purchase can help seniors downsize, while reverse mortgages may also assist in estate or divorce situations.  - The ATL platform combines leads, CRM tools, print/mail services, and automation into one system built for execution.  To learn more, visit https://www.AllTheLeads.com or call (844) 532-3369 to check how many leads are available in your market.  Previous episodes: AllTheLeads.com/probate-mastermindInterested in Leads? AllTheLeads.comJoin Future Episodes Live in the All The Leads Facebook Mastermind Group:  https://facebook.com/groups/alltheleadsmastermindBe sure to check out our full Mastermind Q&A PlaylistSupport the show

Listen and subscribe to Money Making Conversations on iHeartRadio, Apple Podcasts, Spotify, www.moneymakingconversations.com/subscribe/ or wherever you listen to podcasts. New Money Making Conversations episodes drop daily. I want to alert you, so you don’t miss out on expert analysis and insider perspectives from my guests who provide tips that can help you uplift the community, improve your financial planning, motivation, or advice on how to be a successful entrepreneur. Keep winning! Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Latrease Price-Gistard. Purpose of the Interview The interview aims to educate listeners on the mortgage industry, highlight the role and benefits of working with an independent mortgage broker, and provide practical advice on home financing options, credit challenges, and programs that support homeownership. It also shares Latrease’s entrepreneurial journey and lessons learned. Key Takeaways Background and Career Path Latrease has a finance degree and started in investment operations in 1999. Transitioned from auto financing and co-owning a car dealership to mortgage lending. Became an independent mortgage broker in 2022 after being laid off during rising interest rates. Role of an Independent Mortgage Broker Holds her own license and partners with multiple lenders to offer tailored loan products. Advocates for borrowers to ensure they get the right product, not just approval. Specializes in helping first-time buyers, self-employed individuals, and those with unique challenges. Home Financing Insights Reverse Mortgages: Typically for seniors 62+, often used by those 75+ with equity and limited retirement funds. Provides tax-free cash without monthly payments; debt settled upon sale or refinance. Zero Down Payment Programs: Offers up to 3% for down payment, attached to the mortgage; other programs provide up to 5% for down payment and closing costs. FHA 203K Program: Allows buyers to finance home purchase and renovations in one loan—ideal for fixer-uppers. Credit Challenges Programs exist for credit scores as low as 500, but require higher down payments (10–20%) and result in higher interest rates. Latrease consults and provides “what-if” scenarios to help clients improve credit over time. Entrepreneurial Lessons Mistakes: Starting without enough capital and a strong pipeline; economic timing matters. Advice: Build capital, secure a solid client pipeline, and understand market conditions before going independent. Notable Quotes On independence:“As a broker, you serve as that advocate for your borrower to make sure they’re getting the right loan product.” On reverse mortgages:“The beauty of it is there are no monthly payments going back to the institution. The debt is paid off when the home is sold or refinanced.” On credit challenges:“Programs go as low as 500 credit score, but those borrowers need 10–20% down.” On entrepreneurial advice:“Make sure you have strong capital and a solid pipeline before stepping out on faith.” On perseverance:“It’s all about follow-through. It’s all about your dream and whether you want to make it happen.” #SHMS #STRAW #BESTSee omnystudio.com/listener for privacy information.

As alternative home equity products grow in popularity, some homeowners are finding that the fine print can carry costly, and sometimes unexpected, consequences.

Listen and subscribe to Money Making Conversations on iHeartRadio, Apple Podcasts, Spotify, www.moneymakingconversations.com/subscribe/ or wherever you listen to podcasts. New Money Making Conversations episodes drop daily. I want to alert you, so you don’t miss out on expert analysis and insider perspectives from my guests who provide tips that can help you uplift the community, improve your financial planning, motivation, or advice on how to be a successful entrepreneur. Keep winning! Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Latrease Price-Gistard. Purpose of the Interview The interview aims to educate listeners on the mortgage industry, highlight the role and benefits of working with an independent mortgage broker, and provide practical advice on home financing options, credit challenges, and programs that support homeownership. It also shares Latrease’s entrepreneurial journey and lessons learned. Key Takeaways Background and Career Path Latrease has a finance degree and started in investment operations in 1999. Transitioned from auto financing and co-owning a car dealership to mortgage lending. Became an independent mortgage broker in 2022 after being laid off during rising interest rates. Role of an Independent Mortgage Broker Holds her own license and partners with multiple lenders to offer tailored loan products. Advocates for borrowers to ensure they get the right product, not just approval. Specializes in helping first-time buyers, self-employed individuals, and those with unique challenges. Home Financing Insights Reverse Mortgages: Typically for seniors 62+, often used by those 75+ with equity and limited retirement funds. Provides tax-free cash without monthly payments; debt settled upon sale or refinance. Zero Down Payment Programs: Offers up to 3% for down payment, attached to the mortgage; other programs provide up to 5% for down payment and closing costs. FHA 203K Program: Allows buyers to finance home purchase and renovations in one loan—ideal for fixer-uppers. Credit Challenges Programs exist for credit scores as low as 500, but require higher down payments (10–20%) and result in higher interest rates. Latrease consults and provides “what-if” scenarios to help clients improve credit over time. Entrepreneurial Lessons Mistakes: Starting without enough capital and a strong pipeline; economic timing matters. Advice: Build capital, secure a solid client pipeline, and understand market conditions before going independent. Notable Quotes On independence:“As a broker, you serve as that advocate for your borrower to make sure they’re getting the right loan product.” On reverse mortgages:“The beauty of it is there are no monthly payments going back to the institution. The debt is paid off when the home is sold or refinanced.” On credit challenges:“Programs go as low as 500 credit score, but those borrowers need 10–20% down.” On entrepreneurial advice:“Make sure you have strong capital and a solid pipeline before stepping out on faith.” On perseverance:“It’s all about follow-through. It’s all about your dream and whether you want to make it happen.” #SHMS #STRAW #BESTSteve Harvey Morning Show Online: http://www.steveharveyfm.com/See omnystudio.com/listener for privacy information.

Watch this Live: Click Here #reversemortgages  #homeequity  #retirementplanning  Are reverse mortgages really safe for seniors—or just another financial trap? In this powerful episode, host Marcus Norman brings you the real story with nationally recognized reverse mortgage expert Kevin Guttman. Whether you're a homeowner planning your retirement, a financial advisor, or an adult child helping your parents, you'll learn the truth about reverse mortgages, what's changed, and how they can transform your financial future in 2025.

In this episode, Wade Pfau and Alex Murguia revisit reverse mortgages and explain why they are often misunderstood in retirement planning. Rather than a last-resort tool, they frame modern HECM reverse mortgages as a strategic asset that can enhance retirement outcomes when used properly. The discussion highlights how a growing line of credit can act as a buffer against market downturns, improve tax efficiency, and even provide reliable income, ultimately making the case that home equity should be actively coordinated alongside investments and Social Security in a well-designed retirement plan. Listen now to learn more!   Takeaways  Reverse mortgages are often misunderstood and unfairly dismissed based on outdated myths Home equity should be treated as a usable retirement asset, not just a legacy asset A reverse mortgage line of credit can serve as a buffer asset to manage the sequence of returns risk The line of credit grows over time, increasing flexibility even if unused Loan proceeds are not taxable income, which can improve tax efficiency in retirement Reverse mortgages are more reliable than HELOCs since they cannot be frozen during market stress They can provide guaranteed income streams through tenure or term payment options Using a reverse mortgage early as part of a strategy is typically more effective than waiting until it is a last resort Chapters 00:00 Introduction to Reverse Mortgages 02:30 History and Evolution of Reverse Mortgages 05:51 Understanding the Myths and Misconceptions 10:07 The Logic Behind Reverse Mortgages 13:34 The Growing Line of Credit Explained 16:45 Buffer Assets and Their Importance 17:39 Exploring Buffer Assets in Retirement Planning 20:11 Understanding Reverse Mortgages as Income Streams 23:15 The Mechanics of Reverse Mortgages 28:17 Cost Considerations for Reverse Mortgages 30:09 Identifying Ideal Candidates for Reverse Mortgages 34:09 Last Resort Options and Their Implications   Links

In this episode of The Mike Litton Experience, host Mike Litton sits down with mortgage expert Laura Phillips, a seasoned loan originator with over 35 years of experience in the industry. From a childhood spent traveling across the United States to becoming a trusted authority in reverse mortgages, Laura shares her inspiring journey and the lessons that shaped her career. She dives deep into how reverse mortgages have evolved into a powerful financial planning tool—helping seniors create financial flexibility, support their families, and maintain independence in retirement. You'll hear real-life stories of how Laura has helped clients fund once-in-a-lifetime experiences, support future generations, and navigate unexpected financial challenges with confidence. What you'll learn in this episode: How reverse mortgages actually work (and common misconceptions) Why they are no longer a “last resort” financial option Strategies to use home equity for retirement planning Real client success stories that will inspire you The importance of family, legacy, and financial wisdom Laura's personalized, client-first approach and decades of expertise make this a must-watch for anyone interested in real estate, retirement planning, or financial freedom. If you're looking to better understand your financial options or help loved ones plan for the future, this episode is packed with valuable insights. Don't forget to LIKE, COMMENT, and SUBSCRIBE to The Mike Litton Experience for more powerful conversations with industry experts and inspiring individuals. Turn on notifications so you never miss an episode! FAIR-USE COPYRIGHT DISCLAIMER: Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for “fair use” for purposes such as criticism, commenting, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use. Welcome to The Mike Litton Experience Podcast! Mike is passionate about being a father, a teacher, a Realtor, an investor and a leader! Everyone has a story and our passion is to help them tell it! We never want you to miss an episode, so please be sure to subscribe. Could we ask you for two quick favors? If you like our program, please tell a friend. Wherever you get your podcasts please leave us a rating. It helps us to connect with quality people just like you! Reach out to Mike on Instagram @themikelittonexperience. Thank you for joining us for The Mike Litton Experience! Who you work with matters and we would be honored to interview with you or anyone you know to sell your home! If you have questions, please reach out text or call 760-522-1227. Thank you! #livinginsandiego, #movingtosandiego, #themikelittonexperience, #homesforsaleinsandiego, #mikelitton, #sellahomeinsandiego, #buyahomeinsandiego, #toptipstogetthebestoffer #themikelittonexperience

Reverse mortgages often trigger strong reactions—especially among believers who want to honor God with their finances. But are those reactions grounded in biblical wisdom…or outdated information? When it comes to debt and home equity, emotions can run high. Yet Scripture calls us to something deeper than instinct—it calls us to understanding. As Proverbs 19:20 reminds us, “Listen to advice and accept instruction, that you may gain wisdom in the future.” To help bring clarity to this often misunderstood topic, Harlan Accola—who leads the reverse mortgage team at Movement Mortgage—joins the show today to separate fact from fiction. Why Reverse Mortgages Carry So Much Stigma For many people, the phrase reverse mortgage immediately raises red flags. And to be fair, some of that concern is rooted in history. As Harlan Accola explains, earlier versions of these loans—and in some cases, unethical practices—damaged trust. Like many industries, there were bad actors who misused the product and took advantage of seniors. But today's reverse mortgage is very different. Modern reverse mortgages are federally regulated through the Federal Housing Administration (FHA) and include strong consumer protections designed specifically for older homeowners. Still, misinformation persists—often passed along by well-meaning friends, family members, or even within church communities. That's why biblical wisdom matters here. We're called not just to react, but to understand. Not All Debt Is the Same One of the biggest misconceptions about reverse mortgages is that they're simply another form of dangerous debt. But as Harlan points out, not all debt functions the same way. Traditional consumer debt—like credit cards or auto loans—requires monthly payments. Miss those payments, and the consequences can quickly escalate, creating stress and financial strain. A reverse mortgage, however, works very differently: There are no required monthly principal or interest payments The homeowner must continue paying property taxes and insurance The loan is non-recourse, meaning the borrower will never owe more than the value of the home That final point is key. If the home's value declines, the borrower (or their heirs) is not personally responsible for the difference. As Harlan emphasizes, understanding the mechanics of a financial product is essential before comparing it to others—or dismissing it altogether. A Practical Scenario: When Cash Flow Becomes a Struggle Harlan highlights a situation that's becoming increasingly common. Many homeowners in their 60s and 70s have built substantial equity—but still carry monthly mortgage payments. In fact, a significant number of Americans over 62—and even over 75—are still making those payments. When unexpected expenses arise—a roof repair, a broken water heater—many turn to high-interest credit cards to cover the gap. This is where a reverse mortgage may offer relief. By eliminating a monthly mortgage payment, it can: Improve monthly cash flow Reduce reliance on high-interest debt Lower financial stress Harlan also notes that this added margin can even open the door to greater generosity—freeing individuals to steward their resources more intentionally. A Stewardship Lens: Discernment Over Reaction For Christians, financial decisions are never just about numbers—they're about faithfulness. That means we shouldn't reject or embrace any financial tool without first understanding it. Wisdom requires discernment, not assumptions. Reverse mortgages aren't right for everyone. But as Harlan Accola reminds us, decisions should be based on accurate information—not outdated fears. As Proverbs 19:20 encourages us, listening, learning, and seeking wise counsel is part of faithful stewardship. Learn More If you'd like to better understand reverse mortgages or explore whether one might fit your situation, you can learn more at FaithFi.com/Movement. Taking time to understand your options isn't just practical—it's a step toward stewarding God's resources with wisdom and care. On Today's Program, Rob Answers Listener Questions: I'm building a home on land I already own and have about $150,000 saved—roughly half the cost. Should I use a construction loan or a traditional mortgage, and how does that process work? I'm 53 and hope to retire in about four years. I'm in good financial shape, but don't have a financial advisor or a will. How do I find a trusted advisor, and what should I look for in how they're paid and whether they're a fiduciary? Is it wise to use about 25% of my retirement savings to remodel my home if it could increase its value? Resources Mentioned: Faithful Steward: FaithFi's Quarterly Magazine (Become a FaithFi Partner) Movement Mortgage Our Ultimate Treasure: A 21-Day Journey to Faithful Stewardship by Rob West Wisdom Over Wealth: 12 Lessons from Ecclesiastes on Money Look At The Sparrows: A 21-Day Devotional on Financial Fear and Anxiety Rich Toward God: A Study on the Parable of the Rich Fool Find a Certified Kingdom Advisor (CKA) FaithFi App Remember, you can call in to ask your questions every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God's resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Reverse mortgages often trigger strong reactions in Christian circles. But are those reactions rooted in biblical wisdom—or in outdated information? On the next Faith & Finance Live, Rob West and Harlan Accola shed light on this often-misunderstood topic as they discuss debt and home equity. Then, it’s on to your calls. That’s Faith & Finance Live— biblical wisdom for your financial decisions—weekdays at 4pm Eastern/3pm Central on Moody Radio. Faith & Finance Live is a listener supported program on Moody Radio. To join our team of supporters, click here.To support the ministry of FaithFi, click here.To learn more about Rob West, click here.To learn more about Faith & Finance Live, click here.See omnystudio.com/listener for privacy information.

With the US over $39 Trillion in debt, David McKnight (@DavidMcKnight) is predicting a tax day of reckoning coming in 10 years which could result in 50% income taxes and possible changes to traditional retirement plans like Roth's and IRA's. David McKnight lays out exactly how to avoid this impending tax hike with practical strategies, he uses currently to help people pay 0% in taxes.Watch the Video on Youtube for Visuals - https://youtu.be/6g5a6OQ5uZ8Want a Whole Life Insurance Policy? Go Here: https://bttr.ly/bw-yt-aa-clarityWant Us To Review Your Permanent Life Insurance Policy? Click Here: https://bttr.ly/yt-policy-reviewWant More Free Whole Life Insurance Resources & Education? Go Here: https://bttr.ly/yt-bw-vaultLearn More About BetterWealth: https://betterwealth.comChapters:00:00 - Introduction and the "Day of Reckoning" 01:04 - 2026 Tax Landscape and Roth IRA Questions 02:28 - The Impact of Permanently Extended Tax Cuts 04:52 - A 10-Year Window for Low Taxes 08:09 - Debunking Criticisms and the National Debt 12:52 - Tax Master Class: The Future of Roth IRAs 16:42 - How the Government May Raise Revenue 18:13 - Strategies for Younger Investors and Retirees 21:13 - Determining Your Roth Conversion Strategy 23:57 - The "Sweet Spot" for Tax Brackets 27:31 - The Role of the Standard Deduction 30:19 - Why Advisors May Disincentivize Roth Conversions 34:31 - The "Print Your Way Out" Argument 37:30 - Life Insurance as a Volatility Buffer 38:32 - Rethinking the 4% Rule 46:42 - Addressing Misconceptions About Life Insurance 48:44 - The Benefits of Reverse Mortgages and Annuities 53:51 - A Question for Dave Ramsey 58:57 - The Luxury of Nuance in Financial Advice 01:01:05 - Final Warnings and the "Temporary Permanent" Tax CutDISCLAIMER: https://bttr.ly/aapolicy*This video is for entertainment purposes only and is not financial or legal advice. Financial Advice Disclaimer: All content on this channel is for education, discussion, and illustrative purposes only and should not be construed as professional financial advice or recommendation. Should you need such advice, consult a licensed financial or tax advisor. No guarantee is given regarding the accuracy of the information on this channel. Neither host nor guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered.

In this episode of Protect Your Assets, David Hollander sits down with reverse mortgage specialist Chris Freck to discuss how reverse mortgages work and how they may allow homeowners to access equity while continuing to live in their home. They cover eligibility requirements, how loan amounts are determined, and the differences between fixed and adjustable reverse mortgage options. David and Chris also walk through real-life examples to explain how reverse mortgages are sometimes used to supplement retirement income, create a line of credit, or provide additional flexibility later in life. You can send your questions to questions@pyaradio.com for a chance to be answered on air. Catch up on past episodes: http://pyaradio.com Liberty Group website: https://libertygroupllc.com/ Attend an event: www.pyaevents.com Schedule a complimentary 15-minute consultation: https://calendly.com/libertygroupllc/scheduleacall/ See omnystudio.com/listener for privacy information.

Listen and subscribe to Money Making Conversations on iHeartRadio, Apple Podcasts, Spotify, www.moneymakingconversations.com/subscribe/ or wherever you listen to podcasts. New Money Making Conversations episodes drop daily. I want to alert you, so you don’t miss out on expert analysis and insider perspectives from my guests who provide tips that can help you uplift the community, improve your financial planning, motivation, or advice on how to be a successful entrepreneur. Keep winning! Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Latrease Price-Gistard. Purpose of the Interview The interview aims to educate listeners on the mortgage industry, highlight the role and benefits of working with an independent mortgage broker, and provide practical advice on home financing options, credit challenges, and programs that support homeownership. It also shares Latrease’s entrepreneurial journey and lessons learned. Key Takeaways Background and Career Path Latrease has a finance degree and started in investment operations in 1999. Transitioned from auto financing and co-owning a car dealership to mortgage lending. Became an independent mortgage broker in 2022 after being laid off during rising interest rates. Role of an Independent Mortgage Broker Holds her own license and partners with multiple lenders to offer tailored loan products. Advocates for borrowers to ensure they get the right product, not just approval. Specializes in helping first-time buyers, self-employed individuals, and those with unique challenges. Home Financing Insights Reverse Mortgages: Typically for seniors 62+, often used by those 75+ with equity and limited retirement funds. Provides tax-free cash without monthly payments; debt settled upon sale or refinance. Zero Down Payment Programs: Offers up to 3% for down payment, attached to the mortgage; other programs provide up to 5% for down payment and closing costs. FHA 203K Program: Allows buyers to finance home purchase and renovations in one loan—ideal for fixer-uppers. Credit Challenges Programs exist for credit scores as low as 500, but require higher down payments (10–20%) and result in higher interest rates. Latrease consults and provides “what-if” scenarios to help clients improve credit over time. Entrepreneurial Lessons Mistakes: Starting without enough capital and a strong pipeline; economic timing matters. Advice: Build capital, secure a solid client pipeline, and understand market conditions before going independent. Notable Quotes On independence:“As a broker, you serve as that advocate for your borrower to make sure they’re getting the right loan product.” On reverse mortgages:“The beauty of it is there are no monthly payments going back to the institution. The debt is paid off when the home is sold or refinanced.” On credit challenges:“Programs go as low as 500 credit score, but those borrowers need 10–20% down.” On entrepreneurial advice:“Make sure you have strong capital and a solid pipeline before stepping out on faith.” On perseverance:“It’s all about follow-through. It’s all about your dream and whether you want to make it happen.” #SHMS #STRAW #BESTSupport the show: https://www.steveharveyfm.com/See omnystudio.com/listener for privacy information.

Listen and subscribe to Money Making Conversations on iHeartRadio, Apple Podcasts, Spotify, www.moneymakingconversations.com/subscribe/ or wherever you listen to podcasts. New Money Making Conversations episodes drop daily. I want to alert you, so you don’t miss out on expert analysis and insider perspectives from my guests who provide tips that can help you uplift the community, improve your financial planning, motivation, or advice on how to be a successful entrepreneur. Keep winning! Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Latrease Price-Gistard. Purpose of the Interview The interview aims to educate listeners on the mortgage industry, highlight the role and benefits of working with an independent mortgage broker, and provide practical advice on home financing options, credit challenges, and programs that support homeownership. It also shares Latrease’s entrepreneurial journey and lessons learned. Key Takeaways Background and Career Path Latrease has a finance degree and started in investment operations in 1999. Transitioned from auto financing and co-owning a car dealership to mortgage lending. Became an independent mortgage broker in 2022 after being laid off during rising interest rates. Role of an Independent Mortgage Broker Holds her own license and partners with multiple lenders to offer tailored loan products. Advocates for borrowers to ensure they get the right product, not just approval. Specializes in helping first-time buyers, self-employed individuals, and those with unique challenges. Home Financing Insights Reverse Mortgages: Typically for seniors 62+, often used by those 75+ with equity and limited retirement funds. Provides tax-free cash without monthly payments; debt settled upon sale or refinance. Zero Down Payment Programs: Offers up to 3% for down payment, attached to the mortgage; other programs provide up to 5% for down payment and closing costs. FHA 203K Program: Allows buyers to finance home purchase and renovations in one loan—ideal for fixer-uppers. Credit Challenges Programs exist for credit scores as low as 500, but require higher down payments (10–20%) and result in higher interest rates. Latrease consults and provides “what-if” scenarios to help clients improve credit over time. Entrepreneurial Lessons Mistakes: Starting without enough capital and a strong pipeline; economic timing matters. Advice: Build capital, secure a solid client pipeline, and understand market conditions before going independent. Notable Quotes On independence:“As a broker, you serve as that advocate for your borrower to make sure they’re getting the right loan product.” On reverse mortgages:“The beauty of it is there are no monthly payments going back to the institution. The debt is paid off when the home is sold or refinanced.” On credit challenges:“Programs go as low as 500 credit score, but those borrowers need 10–20% down.” On entrepreneurial advice:“Make sure you have strong capital and a solid pipeline before stepping out on faith.” On perseverance:“It’s all about follow-through. It’s all about your dream and whether you want to make it happen.” #SHMS #STRAW #BESTSee omnystudio.com/listener for privacy information.