Do I still own my home?
Yes. You remain the owner and keep your name on the title. You’re still responsible for property taxes, insurance, and maintenance.
What exactly is a reverse mortgage?
A reverse mortgage allows homeowners 62 and older to convert part of their home equity into tax-free cash — without giving up ownership or making monthly mortgage payments.
A reverse mortgage can change your retirement and leverage ways to build wealth
https://youtu.be/q9hkuyY8Rys?si=jh2a3NcAlveNlDH2 Kevin A. Guttman - Reverse Mortgage Specialist NLMS# 384936 Evergreen National Bank NMLS #609177 Local (719) 302-5820 Toll Free (877) 251-9709
How Much Money Can I Receive With a Reverse Mortgage?
The amount of money that a lender will loan depends upon how old you are at the time of closing, how much your house is worth, the total amount of liens, and interest rates. The payoff of your existing mortgage and mandatory obligations along with the payment option chosen will affect the amount of money [...]
What is a Reverse Mortgage?
A HECM reverse mortgage is a unique loan that allows homeowner(s) 62 years of age and older to draw on the equity in their home, which is paid to the homeowner(s) in a variety of payout options. One aspect of this loan is that it does not require repayment until the homeowner(s) no longer reside [...]
The Truth About Reverse Mortgages
https://youtu.be/RM-uQ6Db4rY The Truth About Reverse Mortgages By Kevin A.Guttman In the past there has been a misconception that you might loose the title to your home when you use a reverse mortgage. this couldn't be further from the truth. This video explain the truth about reverse mortgages Kevin A. Guttman - Reverse Mortgage [...]
Reverse Mortgage Benefits – No Monthly Payment
https://youtu.be/cYQmNP4mmjw Reverse Mortgage Benefits - No Monthly Payment from Kevin Guttman Most people are living on a fixed income on retirement. By eliminating their mandatory monthly mortgage payment those who qualify are able to free up cash flow and find more financial flexibility. With a reverse mortgage , senior homeowners have the ability to [...]
Is a reverse mortgage a ripoff?
https://youtu.be/ulr1_VzN9DU Is a reverse mortgage a ripoff? by Kevin Guttman Many folks ask "Is a HECM Reverse Mortgage a ripoff?". In years past reverse mortgages have had negative connotations and for good reason. Just like with any financial product, there is always room for scams. However, this loan product is highly regulated [...]
