Generated by All in One SEO v4.9.10, this is an llms.txt file, used by LLMs to index the site. # Kevin A. Guttman Put Your Home Equity to Work - For Your Retirement ## Sitemaps - [XML Sitemap](https://reversemortgagerevolution.com/sitemap.xml): Contains all public & indexable URLs for this website. ## Posts - [The Meyer's Paid Off Their Mortgage and Credit Cards and Took A Trip](https://reversemortgagerevolution.com/reverse-mortgage-home-equity-story/) - Reverse Mortgage Home Equity – A Success Story. David and Michelle met later in life, both divorcees with grown children. Michelle was an interior designer, something that became quickly evident when walking into their quaint home. David was a truck driver and loved to tell stories about the America he had seen over the years. - [How To Protect Some of Your Home Equity In a Market Downturn](https://reversemortgagerevolution.com/how-to-protect-some-of-your-home-equity-in-a-market-downturn/) - With all the uncertainty surrounding the Covid-19 virus, people losing their jobs, the stock market declining and people’s retirement funds being reduced significantly, people are worried that we may experience another real estate correction. For some senior homeowners with a reverse mortgage, this possibility doesn’t concern them. Why? Because with a reverse mortgage about 50% - [How To Retire On Little Money](https://reversemortgagerevolution.com/how-to-retire-on-little-money/) - You Don't Have To Work Until You Die The other day I met with a client and she said “I guess I'll just work until I die.” This isn't the first time a senior that I have met with has said that. More and more seniors are working past retirement age not because they want - [Refinance vs Reverse Mortgage? Why Chasing A Low Interest Rate Could Land You in the Poor House.](https://reversemortgagerevolution.com/refinance-vs-reverse-mortgage/) - Refinance vs Reverse Mortgage? Since 2004 I have been fortunate to help people finance their homes. It has always puzzled me why people chase a lower interest rate. Then yesterday at coffee with a friend, it hit me. My friend said as he ordered his coffee, I caved into marketing. That is, he ordered something - [How to get the best Interest Rate on a Reverse Mortgage](https://reversemortgagerevolution.com/how-to-get-the-best-interest-rate-on-a-reverse-mortgage/) - When a senior homeowner takes out a reverse mortgage, it may be the last mortgage they need. And, getting a great interest rate is important as the borrower may have this loan for several years. One of the unique features with a reverse mortgage is the borrower gets a better rate whether at application or - [Which Mortgage is Best in Retirement?](https://reversemortgagerevolution.com/which-mortgage-is-best-in-retirement/) - With so many options for home financing, it's important to be educated and know what will work best for your situation when looking for which mortgage is best in retirement?. Seniors living on a fixed income in retirement often enter retirement with a mortgage. Mortgages have different purposes at different stages of one’s life. For - [Reverse mortgage calculator](https://reversemortgagerevolution.com/calculator/) - How a Reverse Mortgage Calculator works A senior homeowner’s biggest question is how much money can they get with a reverse mortgage? First, let’s talk about how this amount is determined. For most reverse mortgages, they are regulated by the Federal Housing Administration (FHA). The formula comprises of: the age of the youngest borrower, the - [Are You Leaving Money on the Table?](https://reversemortgagerevolution.com/are-you-leaving-money-on-the-table/) - Most homeowners realize that owning real estate is a great way to build wealth over time. Property appreciates at 3-5% a year and for many, their home becomes the majority of the family’s net worth. My dad who was a realtor and real estate investor, encouraged my brother and I to buy a home as - [Utilizing Every Resource - Maximize Home Equity](https://reversemortgagerevolution.com/utilizing-every-resource-maximize-home-equity/) - Most people are not maximizing their largest asset, their home equity. When I meet retired homeowners I always ask them how they are maximizing their home equity and most people give me a puzzled look. When someone starts a new job they negotiate the best salary and benefits package that they can. If a person - [4 Keys For Retirement Success](https://reversemortgagerevolution.com/4-keys-for-retirement-success/) - One of the main concerns of baby boomers is how to thrive and not just survive in retirement. Experts say the 4 Keys for retirement success include: Income, Liquidity, Safety and Growth. They also urge retirees to hedge against longevity risk, stock market risk, inflation, and any real estate market correction. What if there were - [The Retirement Years: Preparing To Live or To Die?](https://reversemortgagerevolution.com/the-retirement-years-preparing-to-live-or-to-die/) - A friend recommended I read the book Younger Next Year by Crowley and Lodge. The book is about navigating the last 1/3 of your life in health, strength, and purpose. One of the lines in the book asks if you are preparing to live or preparing to die in your retirement years. "Are you preparing - [What Safeguards Does A Reverse Mortgage Provide?](https://reversemortgagerevolution.com/reverse-mortgage-safeguards/) - Reverse Mortgage Safeguards This is important because your home is your largest asset and ought to be aware of how home financing protects you and your future. Regulated by Department of Housing and Urban Development (HUD) It takes an act of Congress or regulatory change for there to be changes made to the program. Insured - [How You Can Preserve Retirement Assets & Increase Your Liquidity](https://reversemortgagerevolution.com/how-you-can-preserve-retirement-assets-increase-your-liquidity/) - Because seniors feel like they have less time to recover if they make a financial mistake, there is more pressure to make the right choice, especially about assets. Fortunately, there are ways to preserve retirement assets while increasing liquidity. Here's how. Let's talk about assets and liquidity in retirement. American homeowners have 3 sources of - [The 4 Biggest Risks for Senior Homeowners](https://reversemortgagerevolution.com/the-4-biggest-risks-for-senior-homeowners/) - As senior homeowners approach retirement, there are 4 big risks they face, which are: Healthcare costs Inflation Longevity, and Taxes Risk 1 - Healthcare It seems as if each week or month the rising cost of healthcare is in the news. Politicians can’t seem to figure out what to do about this and as the - [Maximize Home Equity & Reduce Risks](https://reversemortgagerevolution.com/maximize-home-equity-reduce-risks/) - Americans like to earn interest on their money with the least amount of risk. Yet, every day we put our money in stocks, bonds, mutual funds through our 401k, IRA’s and retirement plans. That money is at risk. We hope and pray it goes up, and historically, it usually does. For most people, their equity - [The Mortgage That Sounds Too Good To Be True](https://reversemortgagerevolution.com/the-mortgage-that-sounds-too-good-to-be-true/) - There is a mortgage available to senior homeowners that qualify that truly sounds too good to be true! What does this mortgage look like? no mandatory monthly mortgage payment required decrease monthly expenses and increase cash flow access and unlock equity, when equity is accessed it is not taxed earn compound interest on equity, guaranteed - [Rethinking What Seniors Leave to Their Kids](https://reversemortgagerevolution.com/rethinking-what-seniors-leave-to-their-kids/) - Pressurized Environment for Seniors Senior homeowners are facing pressure as they live on a fixed income in retirement. They fear running out of money as they survey the economic landscape of rising health care costs, inflation, pending tax increases. Then there is the wildcard of longevity risk. As baby boomers are healthy and living longer, - [What’s the Best Mortgage in Retirement?](https://reversemortgagerevolution.com/whats-the-best-mortgage-in-retirement/) - Life Stages Different mortgages fit different stages of life. For example, a first-time homebuyer benefits from an FHA mortgage as it has a low down payment threshold and easier underwriting criteria. A move-up buyer may use a Conventional or Conforming loan, that offers higher loan limits. Someone living outside the city benefits from a USDA - [Heloc vs Reverse Mortgage](https://reversemortgagerevolution.com/heloc-vs-reverse-mortgage/) - Home Equity Line of Credit vs Reverse Mortgage Line of Credit What are the differences and similarities between a reverse mortgage line of credit and a home equity line of credit? HELOC RMLOC Requirements for income and creditworthiness. No requirements for income and credit score. Homeowners must still make monthly payments to repay the loans. - [How does a reverse mortgage work When You Die?](https://reversemortgagerevolution.com/how-does-a-reverse-mortgage-work-when-you-die/) - Reverse mortgages are credit advances that allow the elderly to borrow against their home equity during their retirement years. Unlike traditional mortgages, borrowers don’t have to make a monthly payment on their reverse mortgage. The Kevin A. Guttman team of mortgage professional are here to help you every step of the way. In fact, a - [How much money do you get from a reverse mortgage?](https://reversemortgagerevolution.com/how-much-money-do-you-get-from-a-reverse-mortgage/) - Contents ToggleWhere does the money come from in a Reverse mortgage?Who can apply for a Reverse Mortgage?Get to Know Kevin A. Guttman Reverse Mortgage Specialist We rack up our pennies to save for retirement most of our adulthood. However, come retirement, most of us have less than 100,000$ saved up. With debts constantly increasing and - [If Everything You Thought About Reverse Mortgages Was Wrong, How Soon Would You Want To Know](https://reversemortgagerevolution.com/if-everything-you-thought-about-reverse-mortgages-was-wrong-how-soon-would-you-want-to-know/) - One of the most misunderstood mortgage programs is a Reverse Mortgage. To be fair, early on there were some abuses, which in large part have been remedied. Today, a Reverse Mortgage is the choice for many senior homeowners approaching or in retirement. Here is a list of reasons why. No mandatory, monthly Principal and Interest - [Reverse Mortgage Counseling](https://reversemortgagerevolution.com/reverse-mortgage-counseling/) - Reverse Mortgage Counseling Contents ToggleReverse Mortgage CounselingGet to Know Kevin A. Guttman Reverse Mortgage Specialist One of the safeguards a reverse mortgage has is required face to face or phone counseling with an independent 3rd party. The cost is minimal, and is paid before any paperwork is signed. Counseling usually happens after meeting with a - [What is a Retirement Mortgage?](https://reversemortgagerevolution.com/retirement-mortgage/) - Contents ToggleWhy choose a Retirement Mortgage?How a Retirement Mortgage Works Mortgage Options For RetireesGet to Know Kevin A. Guttman Reverse Mortgage Specialist Having been in the mortgage business since 2004, I can say with certainty there are no perfect people and therefore no perfect borrowers. Even though we are bombarded with what we should do, save - [The $1.5M Mistake a Senior Homeowner Can Make](https://reversemortgagerevolution.com/the-1-5m-mistake-a-senior-homeowner-can-make/) - I recently read a book where the author gives financial advice regarding housing for seniors. These options included: -Downsizing -Cohabiting -Selling the Home and Renting For some people I agree that downsizing may make sense where they can buy a home that better suits them in the stage of life they are in (i.e. empty - [Who is a Good Candidate for A Reverse Mortgage?](https://reversemortgagerevolution.com/who-is-a-good-candidate-for-a-reverse-mortgage/) - The son of a senior homeowner asked me recently if his parents were good candidates for a reverse mortgage? These are the questions I asked him. How long do your parents plan to live in their home? If at least 18-24 months or more, then it may make sense as it may take that long - [How Reverse Mortgages Can Help Seniors Buy Their Next Home](https://reversemortgagerevolution.com/how-reverse-mortgages-can-help-seniors-buy-their-next-home/) - Many seniors believe reverse mortgages only apply to the home they currently own. What surprises many homeowners is that a reverse mortgage can also be used to purchase a new primary residence. This option has become an increasingly popular solution for seniors who want to downsize, relocate, or move into a home that better fits - [Have Questions About the Reverse Mortgage Line of Credit?](https://reversemortgagerevolution.com/have-questions-about-the-reverse-mortgage-line-of-credit/) - The reverse mortgage line of credit is one of the most powerful and misunderstood retirement tools available to homeowners today. Many people hear about it, but very few truly understand how it works or why it can be so valuable when planned correctly. Let’s break it down in plain language. What Is a Reverse Mortgage - [Why Getting a Reverse Mortgage Early Often Works Better Than Waiting](https://reversemortgagerevolution.com/why-getting-a-reverse-mortgage-early-works-better/) - For many homeowners, the idea of a reverse mortgage is something to consider “later.” Later when income feels tighter. Later when savings are depleted. Later when financial pressure increases. But when it comes to retirement planning, waiting is often the most expensive choice. When structured properly, a reverse mortgage set up early can provide more - [Reverse Mortgage Myths That Still Confuse Homeowners](https://reversemortgagerevolution.com/reverse-mortgage-myths-that-still-confuse-homeowners/) - [Why Sooner Is Better Than Later When Getting a Reverse Mortgage](https://reversemortgagerevolution.com/why-sooner-is-better-than-later-when-getting-a-reverse-mortgage/) - [Unlocking Your Home Equity To Age In Place](https://reversemortgagerevolution.com/unlock-your-home-equity-to-age-in-place-safely/) - [What Is a Reverse Mortgage, A Guide for Homeowners in Colorado Springs ZIP 80921](https://reversemortgagerevolution.com/reverse-mortgage-guide-for-colorado-springs-80921/) - If you live in Colorado Springs ZIP 80921 or anywhere in El Paso County and you are 62 or older, you may have heard the term reverse mortgage. Many homeowners are curious about how it works, what it offers, and whether it is the right choice for retirement planning. This guide explains everything in simple - [Is a Reverse Mortgage Right for You? 5 Questions to Ask First](https://reversemortgagerevolution.com/is-a-reverse-mortgage-right-for-you-5-questions-to-ask-first/) - Thinking about a reverse mortgage but not sure if it’s the right move for you? You’re not alone. Many homeowners start their research with the same question — and the truth is, a reverse mortgage can be a life-changing tool for some people, while not the best fit for others. If you’re approaching retirement or - [What Is a Reverse Mortgage — A Smart Guide for Homeowners in Parker, Colorado (80134)](https://reversemortgagerevolution.com/reverse-mortgage-guide-for-parker-colorado/) - If you are a homeowner in Parker, ZIP 80134, or anywhere in Douglas County, Colorado, and you are 62 or older, you may have heard about the option of a reverse mortgage. But what exactly is it, how does it work, and could it make sense for you. This guide breaks it down in plain - [How Much Can You Borrow with a Reverse Mortgage?](https://reversemortgagerevolution.com/how-much-can-you-borrow-with-a-reverse-mortgage/) - How Much Can You Borrow with a Reverse Mortgage? One of the first questions homeowners ask when considering a reverse mortgage is simple: How much can I actually borrow? The answer depends on a few key factors, including your age, home value, current interest rates, and the type of reverse mortgage you choose. For retirees - [How a Reverse Mortgage Can Help You Stay in the Home You Love](https://reversemortgagerevolution.com/how-a-reverse-mortgage-can-help-you-stay-in-the-home-you-love/) - For many retirees, home is more than just a place to live. It holds memories, comfort, and a deep sense of belonging. After years of paying down your mortgage and maintaining your property, it is natural to want to stay where you feel most at peace. Yet, as retirement progresses, rising expenses or limited income - [Can Retirees Use a Reverse Mortgage to Buy a Home?](https://reversemortgagerevolution.com/can-retirees-use-a-reverse-mortgage-to-buy-a-home/) - [Can You Lose Your Home with a Reverse Mortgage? Separating Myth from Reality](https://reversemortgagerevolution.com/can-you-lose-your-home-with-a-reverse-mortgage/) - For many homeowners in retirement, the idea of a reverse mortgage sounds appealing until one fear surfaces. The worry that they could lose their home. This is one of the most common concerns among retirees considering a reverse mortgage, and it often comes from outdated information or misunderstandings about how these loans actually work. The - [Reverse Mortgage vs Home Equity Loan: Which One Makes More Sense in Retirement?](https://reversemortgagerevolution.com/reverse-mortgage-vs-home-equity-loan/) - [Is It Bad to Get a Reverse Mortgage?](https://reversemortgagerevolution.com/it-bad-to-get-a-reverse-mortgage/) - For many retirees in Colorado Springs and across the country, the idea of a reverse mortgage can raise questions. You may have heard mixed opinions from friends, family, or even financial commentators. Some see it as a valuable tool for financial stability, while others worry about the risks. So, is getting a reverse mortgage really - [How Much Equity Do You Need for a Reverse Mortgage?](https://reversemortgagerevolution.com/how-much-equity-do-you-need-for-a-reverse-mortgage/) - For many Colorado homeowners nearing or enjoying retirement, the home is more than just a place to live. It is a financial foundation built over years of steady payments and appreciation. In recent years, rising home values across Colorado Springs, Monument, and nearby areas have left many retirees sitting on significant home equity. According to - [Cash-Out Refinance or HELOC vs Reverse Mortgage Line of Credit](https://reversemortgagerevolution.com/cash-out-refinance-vs-reverse-mortgage-line-of-credit/) - [How Does a Reverse Mortgage Work?](https://reversemortgagerevolution.com/how-does-a-reverse-mortgage-work/) - Understand the process, the benefits, and what it means for your future A reverse mortgage is more than just a financial product — it’s a way for senior homeowners to turn the equity in their home into usable cash, without giving up ownership or taking on monthly mortgage payments. If you’re 62 or older and - [Top 5 Reverse Mortgage Updates for 2025](https://reversemortgagerevolution.com/top-5-reverse-mortgage-updates-2025/) - What Seniors Need to Know Before Making a Life-Changing Decision Reverse mortgages are evolving, and if you’re considering one in 2025, you need to know what’s changed. Whether you’re planning for retirement, looking to stay in your home, or want to access your home equity, staying informed is essential. Certified Reverse Mortgage Professional Kevin Guttman - [When Is a Reverse Mortgage a Good Idea?](https://reversemortgagerevolution.com/when-is-a-reverse-mortgage-a-good-idea/) - Helping Colorado seniors decide if it’s the right move for their financial future A reverse mortgage can be a powerful financial tool — but like any major decision, timing and personal circumstances matter. If you’re wondering when a reverse mortgage is a good idea, this guide will walk you through key situations where it may - [What Is a Reverse Mortgage and How Does It Work?](https://reversemortgagerevolution.com/what-is-a-reverse-mortgage/) - Understanding how a reverse mortgage helps Colorado seniors stay financially secure If you’re a homeowner in Colorado aged 62 or older, you may have heard of a reverse mortgage — but how does it actually work, and is it right for you? As one of fewer than 200 Certified Reverse Mortgage Professionals (CRMPs) in the - [An Industry Insider’s Guide to the Reverse Mortgage](https://reversemortgagerevolution.com/insiders-guide-to-reverse-mortgages/) - Straight talk from Kevin Guttman, Certified Reverse Mortgage Professional When it comes to reverse mortgages, there’s a lot of confusion — and unfortunately, plenty of misinformation. As a Certified Reverse Mortgage Professional (CRMP) and someone who has worked closely with hundreds of senior homeowners across Colorado, I’ve seen the good, the bad, and the downright - [Shopping Around for a Reverse Mortgage in Colorado](https://reversemortgagerevolution.com/shopping-for-a-reverse-mortgage-in-colorado/) - Why comparing lenders matters — and how Kevin Guttman helps you make a confident choice When it comes to reverse mortgages, not all lenders are created equal. For seniors exploring the Home Equity Conversion Mortgage (HECM), shopping around could mean the difference between a comfortable retirement and an expensive misstep. At Reverse Mortgage Revolution, Kevin - [Home Equity Conversion Mortgages for Seniors in Colorado](https://reversemortgagerevolution.com/home-equity-conversion-mortgages-for-seniors-in-colorado/) - Important updates and what Colorado seniors need to know As a senior homeowner in Colorado, you may be hearing more about reverse mortgages — especially the Home Equity Conversion Mortgage (HECM) program. These government-insured loans offer a way to access home equity without having to sell or move out. At Reverse Mortgage Revolution, Kevin Guttman - [Reverse Mortgages in Colorado](https://reversemortgagerevolution.com/understand-reverse-mortgage-options-to-unlock-home-equity/) - Unlock Your Home Equity and Learn Everything You Need to Know A reverse mortgage in Colorado can be a powerful tool for homeowners aged 62 and older to access their home equity while staying in their home. Whether you want to supplement retirement income, cover healthcare expenses, or enjoy financial freedom, understanding how a reverse - [What Married Couples Need To Know About Reverse Mortgage](https://reversemortgagerevolution.com/what-married-couples-need-to-know-about-reverse-mortgages/) - Protecting Both Spouses and Planning for the Future If you and your spouse are considering a reverse mortgage, it is important to understand how it can affect both of you now and in the future. Reverse mortgages can be a powerful financial tool for seniors, but knowing how they work for married couples ensures that - [Denver Colorado Reverse Mortgage Guide by Kevin Guttman, CRMP](https://reversemortgagerevolution.com/denver-colorado-reverse-mortgage/) - Denver Colorado Reverse Mortgage If you are a Denver homeowner aged 62 or older, a reverse mortgage could transform your retirement by unlocking your home's equity. This financial solution allows you to convert home equity into cash without selling your property or making monthly mortgage payments. Certified Reverse Mortgage Professional (CRMP) Kevin Guttman provides personalized - [Colorado Reverse Mortgage Guide by Kevin Guttman, CRMP](https://reversemortgagerevolution.com/colorado-reverse-mortgage-guide/) - Colorado Reverse Mortgage Guide If you are a Colorado homeowner age 62 or older, a reverse mortgage could be a game-changing financial tool to enhance your retirement. This unique loan lets you tap into your home equity and convert it into cash – all without selling your home or making monthly mortgage payments. As a - [Why a Reverse Mortgage Isn’t a Loan of Last Resort](https://reversemortgagerevolution.com/why-a-reverse-mortgage-isnt-a-loan-of-last-resort/) - Changing Perceptions of Reverse Mortgages For many years, reverse mortgages were misunderstood as loans of last resort. However, this perception is shifting as more homeowners recognize their value as strategic financial tools rather than emergency measures. Real-Life Examples of Strategic Reverse Mortgage Use Consider Grandma Pat from Colorado’s western slope. She opted for a reverse - [Norwalk Seniors: What You Need to Know Before Getting a Reverse Mortgage](https://reversemortgagerevolution.com/norwalk-seniors-what-you-need-to-know-before-getting-a-reverse-mortgage/) - Reverse Mortgage Norwalk CA | Kevin A. Guttman CRMP | Certified Reverse Mortgage Professional If you’re a senior homeowner in Norwalk, a reverse mortgage may seem like a simple way to access the equity in your home without having to sell or make monthly mortgage payments. And while that’s often true, it’s not always that - [Reverse Mortgage Colorado: The A-to-Z Guide to Myths, Facts, and Unlocking Home Equity](https://reversemortgagerevolution.com/reverse-mortgage-colorado-the-a-to-z-guide-to-myths-facts-and-unlocking-home-equity/) - Introduction: A Colorado Retirement Story Meet John and Mary, a retired couple from Colorado Springs. They love their home with a beautiful view of Pikes Peak, but managing their finances on a fixed income has been challenging. Like many Colorado seniors, they are “house rich” but finding it harder to keep up with rising expenses. - [Who You Listen To Matters When It Comes to Reverse Mortgages](https://reversemortgagerevolution.com/who-you-listen-to-matters-when-it-comes-to-reverse-mortgages/) - It seems like everyone has an opinion about reverse mortgages—unfortunately, most of those opinions are outdated or flat-out inaccurate. Time and again, when I sit down with clients and explain how a reverse mortgage works, I hear the same questions: “Why doesn’t everyone do this?” or “It sounds too good to be true—what’s the catch?” - [Understanding Reverse Mortgages: A Comprehensive Guide](https://reversemortgagerevolution.com/understanding-reverse-mortgages-a-comprehensive-guide/) - For homeowners aged 62 and older, a Reverse Mortgage can be a game-changing financial tool that provides flexibility and peace of mind during retirement. It’s a way to unlock the equity in your home, turning it into cash, monthly income, or even a line of credit—all while staying in your home. But what exactly is - [Finance a New Home with a Reverse Mortgage for Purchase](https://reversemortgagerevolution.com/finance-a-new-home-with-a-reverse-mortgage-for-purchase/) - For many retirees, the dream of living in a new home during their golden years may seem financially out of reach. But what if you could buy the home you’ve always wanted while keeping your monthly costs manageable? With a Reverse Mortgage for Purchase (H4P), that dream can become a reality. This unique loan option - [Eliminate Monthly Mortgage Payments and Enjoy Retirement with Peace of Mind](https://reversemortgagerevolution.com/eliminate-monthly-mortgage-payments-and-enjoy-retirement-with-peace-of-mind/) - Understanding the Basics of Reverse MortgagesRetirement is meant to be a time of relaxation, enjoyment, and freedom. But for many retirees, the burden of monthly mortgage payments can create unnecessary financial stress, limiting their ability to truly enjoy this well-earned chapter of life. What if there was a way to eliminate those payments while staying - [Access Your Home Equity to Fund Your Retirement Goals](https://reversemortgagerevolution.com/access-your-home-equity-to-fund-your-retirement-goals/) - How to Access Your Home Equity: A Comprehensive GuideAccessing your home equity can be a powerful financial tool for homeowners, especially those in or approaching retirement. This article will explore various ways to tap into your home’s value, with a focus on Reverse Mortgages as a flexible option for seniors. Accessing your home equity can - [Beware of Reverse Mortgage Scams in West Covina: What Seniors Need to Know](https://reversemortgagerevolution.com/beware-of-reverse-mortgage-scams-in-west-covina-what-seniors-need-to-know/) - Reverse Mortgage West Covina CA | Kevin A. Guttman CRMP | Certified Reverse Mortgage Professional For many senior homeowners in West Covina, a reverse mortgage can be a powerful financial tool—offering the ability to access home equity without monthly mortgage payments. But as the popularity of reverse mortgages grows, so does the number of misleading - [Beware of These Common Reverse Mortgage Tricks That Can Harm Senior Homeowners](https://reversemortgagerevolution.com/beware-of-these-common-reverse-mortgage-tricks-that-can-harm-senior-homeowners/) - Reverse Mortgage Colorado Springs | Kevin A. Guttman | Certified Reverse Mortgage Professional For many senior homeowners in Colorado Springs and beyond, a reverse mortgage offers a practical way to access home equity during retirement. But not every lender plays fair. Some use misleading tactics that can cost you money—or peace of mind. If you’re - [Debunking Common Reverse Mortgage Myths for Jefferson County, CO Seniors](https://reversemortgagerevolution.com/debunking-common-reverse-mortgage-myths-for-jefferson-county-co-seniors/) - Reverse Mortgage Jefferson County CO – For many seniors in Jefferson County, Colorado, home equity is their greatest asset in retirement. In fact, Americans 62 and older collectively hold over $6 trillion in home equity, and in Jefferson County the median home value is around $600,000. A reverse mortgage (officially known as a Home Equity - [Debunking Reverse Mortgage Myths for Seniors in Denver CO](https://reversemortgagerevolution.com/debunking-reverse-mortgage-myths-for-seniors-in-denver-co/) - Reverse Mortgage Denver CO | Kevin Guttman CRMP | Trusted Local Specialist If you’re a homeowner over 62 in Denver, Colorado, and you’ve been wondering whether a reverse mortgage could help you in retirement, chances are you’ve run into some confusing — or downright misleading — information. Let’s face it: reverse mortgages have a reputation - [The Best Protection: Work with a Certified Reverse Mortgage Professional](https://reversemortgagerevolution.com/the-best-protection-work-with-a-certified-reverse-mortgage-professional/) - Kevin A. Guttman is a Certified Reverse Mortgage Professional (CRMP), a title held by fewer than 220 individuals in the entire country. This credential, issued by the National Reverse Mortgage Lenders Association (NRMLA), is your assurance that you’re working with a true expert—someone who’s undergone advanced training and adheres to a strict code of ethics. - [Access More Money & Better Loan Options with a Reverse Mortgage](https://reversemortgagerevolution.com/access-more-money-better-loan-options-with-a-reverse-mortgage/) - Ready to Explore Your Reverse Mortgage Options? Let’s talk! I’d love to help you understand how a Reverse Mortgage can unlock more equity, reduce financial stress, and provide lasting peace of mind. ???? Contact Kevin A. Guttman today or visit ReverseMortgageRevolution.com to schedule your free consultation and get started on the path to greater financial - [California Reverse Mortgages: Unlocking Home Equity for a Secure Retirement](https://reversemortgagerevolution.com/california-reverse-mortgages-unlocking-home-equity-for-a-secure-retirement/) - California Reverse Mortgage solutions are helping homeowners aged 62+ unlock their home equity and enjoy a more secure retirement. Many seniors in California are “house rich, cash poor” – they have significant equity built up in their homes but limited cash flow for daily expenses. A reverse mortgage is an innovative retirement mortgage solution that - [Smart Ways to Use Your Reverse Mortgage in California](https://reversemortgagerevolution.com/smart-ways-to-use-your-reverse-mortgage-in-california/) - Turn Your Home Equity Into Long-Term Peace of Mind If you’re a homeowner in California aged 62 or older, a Reverse Mortgage offers more than just a way to eliminate monthly payments—it can be a powerful tool for building financial stability, independence, and freedom in retirement. Whether you live in Los Angeles, Long Beach, Pasadena, - [10 Things to Know Before Getting a Reverse Mortgage](https://reversemortgagerevolution.com/10-things-to-know-before-getting-a-reverse-mortgage/) - A reverse mortgage is one of the most misunderstood financial tools in retirement planning. Many homeowners dismiss it due to myths and misinformation, missing out on a potential solution for financial stability. If you’re considering a reverse mortgage, here are 10 key facts to know before making a decision. Table of Contents1. You Maintain Ownership - [How Is a Reverse Mortgage Similar to an Annuity?](https://reversemortgagerevolution.com/reverse-mortgage-vs-annuity/) - When people hear the term “Reverse Mortgage,” they often form opinions based on outdated information or misleading financial advice from personalities like Dave Ramsey and Suze Orman. However, reverse mortgages are valuable financial tools for retirees. One of the best comparisons to help understand a reverse mortgage is an annuity—both provide a steady stream of income, but they work differently. In this guide, we’ll explore their similarities and key - [How Is a Reverse Mortgage Similar to Permanent Life Insurance?](https://reversemortgagerevolution.com/reverse-mortgage-vs-permanent-life-insurance/) - When people hear the term “Reverse Mortgage,” they often react based on outdated information or misleading financial advice from personalities like Dave Ramsey and Suze Orman. However, reverse mortgages are valuable financial tools for retirees, just like permanent life insurance. Both financial products are used for retirement planning, providing cash flow, financial security, and potential benefits to heirs. But while they share some similarities, they serve very - [Myths and Misconceptions About Reverse Mortgages](https://reversemortgagerevolution.com/debunking-reverse-mortgage-myths-facts-vs-fiction/) - Reverse mortgages have been around for decades, but misconceptions and outdated information continue to mislead homeowners. Financial personalities like Dave Ramsey and Suze Orman often paint reverse mortgages in a negative light—sometimes based on old guidelines that no longer apply. If you’ve heard that the bank takes your home or that a reverse mortgage is “free money”, it’s time to separate fact from fiction. - [Children of Senior Homeowners](https://reversemortgagerevolution.com/children-of-senior-homeowners/) - As a child of a senior homeowner, you have a growing concern about your parents as they age. One issue is that the configuration of your parents’ home may no longer meet their needs at this stage in their lives. So, what are your alternatives? Your parents could move in with you, but that may - [Realtors, Builders & Reverse Mortgages](https://reversemortgagerevolution.com/realtors-builders-reverse-mortgages/) - Each day 10,000 people turn 62… and 46% will move during their golden years. If you’re a realtor or a builder, that presents you with a tremendous opportunity to expand your business in this untapped market. But with the prices of homes and building materials at historic highs, how do you get a potential buyer - [What Makes a Reverse Mortgage Unique?](https://reversemortgagerevolution.com/what-makes-a-reverse-mortgage-unique/) - https://www.youtube.com/watch?v=N0LlHnIbhR8&list=PL7Kmut-pO7RjKF6SYIBuS_WmFASqlluPi&index=14 What makes a Reverse Mortgage different from other home equity loans? A reverse mortgage is a non-recourse loan and that means that the home is held as collateral and is responsible for repayment of the loan – not the borrower. The interest rate of a reverse mortgage is locked in at the beginning of - [The Dilemma of Senior Divorce](https://reversemortgagerevolution.com/the-dilemma-of-senior-divorce/) - https://www.youtube.com/watch?v=zpJGG20iI3w&list=PL7Kmut-pO7RjKF6SYIBuS_WmFASqlluPi&index=15 While the overall divorce rate is going down, the “late-in-life” divorce rate is on the rise. In fact, the so-called “grey and silver” divorce rate is the fastest growing segment in America. But what makes senior divorce more complicated is the division of assets accumulated over many years of marriage. The disposition of what - [Why Dave Ramsey & Suze Orman Are Wrong About Reverse Mortgages-Here’s the Truth](https://reversemortgagerevolution.com/why-dave-ramsey-suze-orman-are-wrong-about-reverse-mortgages-heres-the-truth/) - Since 1961, Senior homeowners have benefitted from reverse mortgages. Over the years, the program has evolved and become safer for seniors. It is the most regulated mortgage with the most safeguards and oversight from HUD, Congress, and state governments. If this is true, why do they have such a bad reputation? One reason is from - [Contact Kevin Guttman Today for Expert Reverse Mortgage Advice](https://reversemortgagerevolution.com/contact-kevin-guttman-today-for-expert-reverse-mortgage-advice/) - Understanding Reverse MortgagesMaking informed financial decisions during retirement is essential for achieving peace of mind and stability. When it comes to Reverse Mortgages, partnering with a trusted expert ensures you receive the best guidance tailored to your unique situation. Kevin Guttman, a Certified Reverse Mortgage Professional (CRMP) with over 15 years of experience, is here - [Refinance Your Current Reverse Mortgage to Access More Equity](https://reversemortgagerevolution.com/refinance-your-current-reverse-mortgage-to-access-more-equity/) - As a homeowner with a Reverse Mortgage, you already understand the benefits of unlocking your home’s equity to improve your financial flexibility during retirement. But did you know you can refinance your existing Reverse Mortgage to access even more equity and enjoy additional financial benefits? Refinancing could be the key to enhancing your retirement lifestyle, - [Key Differences Between Reverse Mortgage and Traditional Mortgages](https://reversemortgagerevolution.com/key-differences-between-reverse-and-traditional-mortgages-and-which-one-might-be-right-for-you/) - Are you wondering whether a reverse mortgage or a traditional mortgage makes more sense for your financial goals? You’re not alone! Many homeowners want to understand how these two loans differ before deciding which path to take. Below, we’ll walk you through the core differences—like repayment, eligibility, and ownership—so you can make an informed choice. - [How Is A Reverse Mortgage Similar To A Home Equity Line of Credit?](https://reversemortgagerevolution.com/how-is-a-reverse-mortgage-similar-to-a-home-equity-line-of-credit/) - When people hear the term “Reverse Mortgage,” they instantly have an opinion—often based on outdated information online or inaccurate representations by pundits like Dave Ramsey and Suze Orman. Unfortunately, this can lead to confusion and misconceptions about a powerful financial tool that may help seniors improve their quality of life. So, you might be wondering: - [Reverse Mortgages & The Sandwich Generation](https://reversemortgagerevolution.com/reverse-mortgages-the-sandwich-generation/) - https://www.youtube.com/watch?v=XbtgJd3d0y8&list=PL7Kmut-pO7RjKF6SYIBuS_WmFASqlluPi&index=8 If you’re part of the “Sandwich Generation”, meaning your parents are over 65 and you’re raising your own children, you face a difficult choice. You’re trying to balance the funding needs of your own family against the worry that your parents’ savings won’t be enough to cover their living or health care expenses in - [Buying a New Home Using a Reverse Mortgage](https://reversemortgagerevolution.com/buying-a-new-home-using-a-reverse-mortgage/) - You’re a senior and you’ve discovered that your current home is no longer meeting your needs. You’d love to move to make life easier, but with home prices reaching historic highs, you simply can’t afford it. Fortunately, there is a way to double your purchasing power and move into a newer home – a reverse - [Financial Advisors and the Reverse Mortgage Line of Credit Strategy](https://reversemortgagerevolution.com/financial-advisors-and-the-reverse-mortgage-line-of-credit-strategy/) - As a financial advisor, you may be overlooking a significant planning tool… a reverse mortgage line of credit. The government regulated and insured FHA Home Equity Conversion Mortgage or HECM is designed to help seniors of every economic stratum. As recent peer reviewed studies conclude, it can be an important strategic tool to be incorporated - [HECM for Purchase](https://reversemortgagerevolution.com/hecm-for-purchase/) - https://www.youtube.com/watch?v=yJSYISuoMog&list=PL7Kmut-pO7RjKF6SYIBuS_WmFASqlluPi&index=6 Are you a senior homeowner that feels your home no longer fits your needs? You don’t need the additional family space anymore, and maintaining a large home is expensive and can be a drain on your time and resources. It might be time to downsize and move into a one-story home or to a - [The Effects of Inflation on Retirement](https://reversemortgagerevolution.com/the-effects-of-inflation-on-retirement/) - You’ve probably seen the headlines about inflation and how it is increasing the price we pay for everyday items like gasoline, food, and healthcare. But have you considered the impact inflation is having on your retirement savings? Social Security uses inflation as a benchmark to determine the cost-of-living adjustments it makes to monthly payouts, so - [When is the Best Time to Obtain a Reverse Mortgage?](https://reversemortgagerevolution.com/when-is-the-best-time-to-obtain-a-reverse-mortgage/) - This is one of the top questions I get from people. The answer is the day you qualify! I am 100% serious. Why is that? Because the program, the real estate market and interest rates are changing and not always in favor of the borrower. Here are some examples: since 2015, HUD, congress and the - [How Do Reverse Mortgages Increase Cash Flow?](https://reversemortgagerevolution.com/how-do-reverse-mortgages-increase-cash-flow/) - Having enough cash to last to – and through – retirement is one of the major challenges facing today’s seniors. A reverse mortgage is a safe way to help senior homeowners improve their cash flow while allowing them to better “age in place” in their own home. With a reverse mortgage, seniors can tap into - [Paying Off Reverse Mortgages](https://reversemortgagerevolution.com/paying-off-reverse-mortgages/) - A frequently asked question about reverse mortgage loans is, “When do I have to pay it off?” There are several scenarios regarding when a reverse mortgage would have to be paid off. The first would be when the last borrower passes away or moves out for more than a year, so the home is no - [Reverse vs. Traditional Mortgages](https://reversemortgagerevolution.com/reverse-vs-traditional-mortgages/) - One of the most frequently asked questions about reverse mortgages is, “How does it differ from a traditional mortgage?” With a traditional mortgage, you make your payments each month, slowly chipping away at the loan balance a little bit at a time. But with a reverse mortgage, monthly principal and interest payments are not required, - [5 Guaranteed Income Streams in Retirement](https://reversemortgagerevolution.com/5-guaranteed-income-streams-in-retirement/) - My dad was a successful realtor and investor in Orange County CA in the mid-60s to late70s. He was able to retire from the cash flow of his 20 rental properties at age 48. I learned the advantages of owning real estate such as: appreciation, leverage, cash flow as well as the tax advantages. During - [Reverse Mortgages & Inflation](https://reversemortgagerevolution.com/reverse-mortgages-inflation/) - Inflation has increased the price of just about everything, including buying a new home. For senior homeowners living in a home that no longer fits their needs, this is a serious problem. They have the option of selling their home and receiving an inflated return, but finding a new home when inventory is so scarce - [What are the 3 Main Uses of a Reverse Mortgage?](https://reversemortgagerevolution.com/what-are-the-3-main-uses-of-a-reverse-mortgage/) - What are the 3 Main Uses of a Reverse Mortgage? A reverse mortgage is a misunderstood, misrepresented and therefore under-utilized financial product. When people understand how they work, and how they can improve their lives, the reaction I hear most often is what’s the catch? Or, this sounds too good to be true! The truth - [Everything You Need to Know About Reverse Mortgage](https://reversemortgagerevolution.com/everything-you-need-to-know-about-reverse-mortgage/) - A lot of homeowners have probably heard of a reverse mortgage but there it is still not clear of what it means exactly. A reverse mortgage provides the opportunity to borrow based on your age and the amount of equity that has been built over the years on your primary residence. When searching for a - [4 Decisions Senior Homeowners Need To Make When Getting a Reverse Mortgage](https://reversemortgagerevolution.com/4-decisions-senior-homeowners-need-to-make-when-getting-a-reverse-mortgage/) - 4 Decisions Senior Homeowners Need To Make When Getting a Reverse Mortgage (Click to Download) Many seniors are confused about reverse mortgages and if a reverse mortgage is the right choice for them. When they look on the internet, they see inaccurate and outdated information. As they ask their family, friends and neighbors, they have - [Benefits Of Obtaining A Reverse Mortgage](https://reversemortgagerevolution.com/benefits-of-obtaining-a-reverse-mortgage/) - Are you about to retire from work, and you’re putting things in place to have a lovely retirement? Then, going for a reverse mortgage in colorado is an option you might want to opt for. You’re qualified to get a reverse mortgage if you are over 62 years, and you own a home with adequate - [Mistakes to avoid when getting a Reverse mortgage](https://reversemortgagerevolution.com/mistakes-to-avoid-when-getting-a-reverse-mortgage/) - Like every other type of loan, taking a reverse mortgage in Colorado can be a financial disaster or a smart move depending on your financial situation and circumstances. It is a disaster for some people because they make certain mistakes that could have been avoided. Thus, if you’re planning to take a reverse mortgage, the - [What Are End of Life Concerns?](https://reversemortgagerevolution.com/what-are-end-of-life-concerns/) - The Wall Street Journal on October 6, 2020 had an article about last instructions should you become incapacitated or die. Here are the top five concerns people have: Not being a burden to my loved ones Having some control over medical interventions Being the one to decide what happens to my belongings Being sure that - [You May Be Doing Fine Today, Position Yourself For Better As You Age](https://reversemortgagerevolution.com/you-may-be-doing-fine-today-position-yourself-for-better-as-you-age/) - When senior homeowners hear about a reverse mortgage, many are resistant as they are believing myths, rumors, and horror stories of how the program USED to be. Many of the issues that gave reverse mortgages a bad rap have been corrected in recent years. As I talk with senior homeowners about reverse mortgages, their default - [How To Have A Happily Ever After Retirement](https://reversemortgagerevolution.com/how-to-have-a-happily-ever-after-reverse-mortgage-retirement/) - Curious about how you can benefit from a reverse mortgage retirement? Working with senior homeowners these past several years has been eye opening. To summarize, most people are not ready for retirement or when they stop working. It is more the exception than the rule to find someone who is set up for their golden - [How To Have A Happily Ever After Retirement - FHA reverse mortgage](https://reversemortgagerevolution.com/how-to-have-a-happily-ever-after-retirement-fha-reverse-mortgage/) - Working with senior homeowners these past several years has been eye opening. To summarize, most people are not ready for retirement or when they stop working. It is more the exception than the rule to find someone who is set up for their golden years financially. The FHA reverse mortgage can help. One of the - [The Waters Downsized Their Home -Buy A Home With A Reverse Mortgage](https://reversemortgagerevolution.com/buy-a-home-with-a-reverse-mortgage/) - By: Kevin A. Guttman, Reverse Mortgage Specialist – NMLS #384936 Buy A Home With A Reverse Mortgage .Luther Waters worked as a maintenance supervisor for a manufacturing company for 22 years before retiring at the age of 65. It was an industry he fell into after being laid off in his previous career as an - [The Millers Made Home Modifications](https://reversemortgagerevolution.com/reverse-mortgage-for-remodeling/) - Reverse Mortgage For Remodeling By: Kevin A. Guttman, Reverse Mortgage specialist– NMLS #384936 Bill and Doris Miller loved their home. They didn’t like the idea of selling it and moving into something smaller because they loved their neighbors, the neighborhood, and their church. However, the home wasn’t working for them anymore. Bill, a former construction - [What are the Benefits of Making a Payment With a Reverse Mortgage?](https://reversemortgagerevolution.com/what-are-the-benefits-of-making-a-payment-with-a-reverse-mortgage/) - One of the biggest benefits of a Reverse Mortgage is making the monthly Principal and Interest payments optional. In fact, this is why 67% of people get a reverse mortgage! So, why would a senior homeowner with a reverse mortgage make payments? Here are some reasons: 1. For every dollar paid, the line of credit - [Who is an Ideal Candidate for a Reverse Mortgage?](https://reversemortgagerevolution.com/who-is-an-ideal-candidate-for-a-reverse-mortgage/) - If you’re a senior homeowner, you’ve probably heard a lot about reverse mortgages. But you may be wondering, “Am I a good candidate for a reverse mortgage?” See if this describes your current situation to help you make an informed decision. You’re a borrower 62 or older and you want to remain in the home ## Pages - [Home](https://reversemortgagerevolution.com/) - [Reverse Mortgage Calculator](https://reversemortgagerevolution.com/calculator/) - Reverse Mortgage Calculator and Tools In this new era, retirees need to adjust their retirement plan to account for the continuously changing retirement landscape. Savings need to last longer while pensions are being reduced, putting an immense financial strain on many citizens. Reverse mortgages enable homeowners, particularly the elderly over 62 years old, to borrow - [Colorado](https://reversemortgagerevolution.com/colorado/) - Reverse Mortgage Lender in Colorado with Kevin A. Guttman Contents ToggleReverse Mortgage Lender in Colorado with Kevin A. GuttmanHow does reverse mortgage work in Colorado?Colorado Reverse Mortgage PaymentsThe benefits of a Reverse mortgage in ColoradoReverse mortgage in Colorado OptionsColorado reverse mortgage prosColorado reverse mortgage consWhat qualifies for a reverse mortgage in Colorado?Jumbo reverse mortgage in - [Idaho](https://reversemortgagerevolution.com/idaho/) - Reverse Mortgage Lender in Idaho with Kevin A. Guttman Contents ToggleReverse Mortgage Lender in Idaho with Kevin A. GuttmanHow does reverse mortgage work in Idaho?Idaho Reverse Mortgage PaymentsThe benefits of a Reverse mortgage in IdahoReverse mortgage in Idaho OptionsIdaho reverse mortgage prosIdaho reverse mortgage consWhat qualifies for a reverse mortgage in Idaho?Jumbo reverse mortgage in - [Washington](https://reversemortgagerevolution.com/washington/) - Reverse Mortgage Washington with Kevin A. Guttman Contents ToggleReverse Mortgage Washington with Kevin A. GuttmanHow does reverse mortgage work in Washington?Washington Reverse Mortgage PaymentsThe benefits of a Reverse mortgage in WashingtonReverse mortgage in Washington OptionsWashington reverse mortgage prosWashington reverse mortgage consWhat qualifies for a reverse mortgage in Washington?Jumbo reverse mortgage in WashingtonReverse mortgage lenders near - [Hawaii](https://reversemortgagerevolution.com/hawaii/) - Reverse Mortgage Lender in Hawaii with Kevin A. Guttman Contents ToggleReverse Mortgage Lender in Hawaii with Kevin A. GuttmanHow does reverse mortgage work in Hawaii?Hawaii Reverse Mortgage PaymentsThe benefits of a Reverse mortgage in HawaiiReverse mortgage in Hawaii OptionsHawaii reverse mortgage prosHawaii reverse mortgage consWhat qualifies for a reverse mortgage in Hawaii?Jumbo reverse mortgage in - [Florida](https://reversemortgagerevolution.com/florida/) - Reverse Mortgage Lender in Florida with Kevin A. Guttman Contents ToggleReverse Mortgage Lender in Florida with Kevin A. GuttmanHow does reverse mortgage work in Florida?Florida Reverse Mortgage PaymentsThe benefits of a Reverse mortgage in FloridaReverse mortgage in Florida OptionsFlorida reverse mortgage prosFlorida reverse mortgage consWhat qualifies for a reverse mortgage in Florida?Jumbo reverse mortgage in - [Arizona](https://reversemortgagerevolution.com/arizona/) - Reverse Mortgage Lender in Arizona with Kevin A. Guttman Contents ToggleReverse Mortgage Lender in Arizona with Kevin A. GuttmanHow does reverse mortgage work in Arizona?Arizona Reverse Mortgage PaymentsThe benefits of a Reverse mortgage in ArizonaReverse mortgage in Arizona OptionsArizona reverse mortgage prosArizona reverse mortgage consWhat qualifies for a reverse mortgage in Arizona?Jumbo reverse mortgage in - [Chandler](https://reversemortgagerevolution.com/arizona/chandler/) - [Consult](https://reversemortgagerevolution.com/reverse-mortgage-consultant/) - Receive a Free Reverse Mortgage QuoteCall Me Today! | (877) 251-9709 Local? Call (719) 302-5820 OR Schedule a callback HERE We always protect your information. We NEVER send spam emails or sell your private information. Kevin A. Guttman – Reverse Mortgage Specialist ColoradoKevin Guttman, trusted reverse mortgage specialist helping homeowners access home equity for retirement - [Videos](https://reversemortgagerevolution.com/reverse-mortgage-videos/) - VideosBooksMediaArticlesInformational VideosAgent of Wealth Episode 250Kevin Guttman2025-07-01T11:53:16-06:00Agent of Wealth Episode 250 Kevin A. Guttman – Reverse Mortgage Specialist NLMS# 384936 Evergreen National Bank NMLS #609177 Local (719) 302-5820 Toll Free (877) 251-9709 A reverse mortgage can change your retirement and leverage ways to build wealthKevin Guttman2025-03-14T16:52:12-06:00A reverse mortgage can change your retirement and leverage ways - [Frequently Asked Questions on Reverse Mortgage](https://reversemortgagerevolution.com/frequently-asked-questions/) - Reverse Mortgage FAQ Frequently Asked QuestionsMost, but not all, reverse mortgages today are federally insured through the Federal Housing Administration’s Home Equity Conversion Mortgage (HECM) Program. This advertisement talks about HECM loans only. Further, this information is only valid in the State of Colorado.FAQCan I still leave my home to my children?Kevin Guttman2025-06-29T03:26:16-06:00Can I still - [Professional Partners](https://reversemortgagerevolution.com/real-estate-networking-professional-partners/) - Real Estate Networking Opportunity Help Your Clients Live the Lifestyle They WantWhatever your profession, your goal is always to find the best way to help your clients. Have you considered how a reverse mortgage loan could make a difference for them? If you’re an attorney, financial advisor, accountant, realtor or home builder, fill out the - [Media](https://reversemortgagerevolution.com/media-reverse-mortgage-briargate/) - VideosBooksMediaArticlesReverse Mortgage Colorado Springs Kevin A. Guttman in the MediaBusiness Innovators Radio Network I was just interviewed by Mike Saunders, MBA, on the Business Innovators Radio Network. He is a member of the Forbes Coaches Council – an invitation-only community for the World’s Most Influential Business Coaches. https://businessinnovatorsradio.com/interview-with-kevin-guttman-reverse-mortgage-specialist/ As Seen on Fox 21 – Living - [About](https://reversemortgagerevolution.com/about/) - Looking for Looking for reverse mortgage lenders in Colorado? Get to know Kevin A. GuttmanLooking for reverse mortgage lenders in Colorado? Save Looking for Reverse Mortgage Lenders Colorado? It’s only natural that Kevin A. Guttman helps people with reverse mortgages. He’s been around real estate practically his whole life. His parents were realtors and investors - [Books](https://reversemortgagerevolution.com/reverse-mortgage-books/) - VideosBooksMediaArticlesReverse Mortgage Books by Kevin A. Guttman Reverse Mortgage Book By Kevin A. Guttman Kevin Guttman is always looking to provide people with affordable resources to learn more about the benefits of Reverse Mortgages. He’s publishing several books, featuring stories about how Reverse Mortgages are helping people, and interviewing experts who share valuable insights for - [Reviews](https://reversemortgagerevolution.com/reverse-mortgage-reviews/) - Reverse Mortgage Success Stories & ReviewsKevin is clearly the most knowledgeable person regarding reverse mortgages. He explains the equity aspects, the positives and the potential drawbacks towards everyone of his lifetime advocates. I sincerely appreciate his expertise.Andrew Miller, ATM Insurance via American National Insurance Kevin is very knowledgeable not only on mortgages, but also reverse - [Resources](https://reversemortgagerevolution.com/revesre-mortgage-resources/) - Reverse Mortgage Resources Kevin A. Guttman Author of The Swiss Army Knife of Retirement Cash Flow: Stories of freedom and assurance to put your mind at ease Videos Books Media Articles Reverse Mortgage Specialist Kevin A. Guttman, Licensed Mortgage Banker in all 50 United States, works with You to secure the best real estate home - [home test](https://reversemortgagerevolution.com/home-test/) - Enjoy Worry-Free Retirement with a Reverse Mortgage Eliminate Your PI Mortgage Payment Get in touch to get a free quote in minutes Get a Free Quote Today How to Get a Reverse MortgageFrequently Asked QuestionsResourcesMeet The TeamReal Customer StoriesFree Quote Adult Children Information Special Information for Adult Children of Senior Citizens. Find out all the - [How to get a Reverse mortgage](https://reversemortgagerevolution.com/how-to-get-a-reverse-mortgage/) - How to get a Reverse mortgage in Denver with the Kevin A. Guttman team. Contents ToggleHow to get a Reverse mortgage in Denver with the Kevin A. Guttman team.How to get the Reverse mortgage Process startedHow to get Reverse mortgage EducationHow to get Reverse mortgage CounsellingHow to get a Reverse mortgage ApplicationHow to get a - [Denver](https://reversemortgagerevolution.com/colorado/denver/) - Reverse Mortgage Denver with Kevin A. Guttman Are you about to retire from work, and you’re putting things in place to have a lovely retirement? Then, going for a reverse mortgage in Denver is an option you might want to opt for. You’re qualified to get a reverse mortgage if you are over 62 years, - [Jumbo loan](https://reversemortgagerevolution.com/jumbo-loan-colorado/) - What is a Jumbo loan in Colorado? The Kevin A. Guttman team is here to provide expert advice and help you get the right mortgage to suite you needs. One of our top products are Jumbo loans. 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GuttmanHow does reverse mortgage work in Fort Collins CO?Fort Collins Reverse Mortgage PaymentsReverse mortgage rates Fort CollinsFort Collins reverse mortgage brokerWhat qualifies for a reverse mortgage in Fort Collins?Jumbo reverse mortgage in Fort CollinsReverse mortgage lenders near Fort Collins - [Lakewood CO](https://reversemortgagerevolution.com/colorado/lakewood/) - Reverse Mortgage Lakewood with Kevin A. Guttman Are you about to retire from work, and you’re putting things in place to have a lovely retirement? Then, going for a reverse mortgage in Fort Collins is an option you might want to opt for. You’re qualified to get a reverse mortgage if you are over 62 - [Thornton CO](https://reversemortgagerevolution.com/colorado/thornton/) - Reverse Mortgage Thornton CO with Kevin A. Guttman Contents ToggleReverse Mortgage Thornton CO with Kevin A. 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GuttmanAre you about to retire from work, and you’re putting things in place to have a lovely retirement? Then, going for a reverse mortgage in Whittier is an option you might want to opt for. You’re qualified to get a reverse mortgage if you are over 62 years, - [Pomona](https://reversemortgagerevolution.com/california/pomona/) - Reverse Mortgage Pomona California with Kevin A. GuttmanAre you about to retire from work, and you’re putting things in place to have a lovely retirement? Then, going for a reverse mortgage in Pomona California is an option you might want to opt for. You’re qualified to get a reverse mortgage if you are over 62 - [Burbank](https://reversemortgagerevolution.com/california/burbank/) - Reverse Mortgage Burbank California with Kevin A. GuttmanAre you about to retire from work, and you’re putting things in place to have a lovely retirement? Then, going for a reverse mortgage in Burbank California is an option you might want to opt for. 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GuttmanAre you about to retire from work, and you’re putting things in place to have a lovely retirement? Then, going for a reverse mortgage in West Covina California is an option you might want to opt for. You’re qualified to get a reverse mortgage if you are - [Colorado Reverse Mortgage Guide](https://reversemortgagerevolution.com/colorado/reverse-mortgage-guide/) - Colorado Reverse Mortgage Guide by Kevin Guttman, CRMPIf you are a Colorado homeowner age 62 or older, a reverse mortgage could be a game-changing financial tool to enhance your retirement. This unique loan lets you tap into your home equity and convert it into cash – all without selling your home or making monthly mortgage - [Long Beach](https://reversemortgagerevolution.com/california/reverse-mortgage-in-long-beach-ca/) - Reverse Mortgage Long Beach with Kevin A. GuttmanAre you about to retire from work, and you’re putting things in place to have a lovely retirement? Then, going for a reverse mortgage in Long Beach is an option you might want to opt for. You’re qualified to get a reverse mortgage if you are over 62 - [Santa Clarita](https://reversemortgagerevolution.com/california/reverse-mortgage-santa-clarita-ca/) - Reverse mortgage Santa Clarita with Kevin A. GuttmanAre you about to retire from work, and you’re putting things in place to have a lovely retirement? Then, going for a reverse mortgage in Santa Clarita is an option you might want to opt for. You’re qualified to get a reverse mortgage if you are over 62 - [Los Angeles](https://reversemortgagerevolution.com/california/reverse-mortgage-los-angeles-ca/) - Reverse Mortgage Los Angeles with Kevin A. GuttmanAre you about to retire from work, and you’re putting things in place to have a lovely retirement? Then, going for a reverse mortgage in Los Angeles is an option you might want to opt for. You’re qualified to get a reverse mortgage if you are over 62 - [Pasadena](https://reversemortgagerevolution.com/california/reverse-mortgage-pasadena-ca/) - Reverse Mortgage Pasadena with Kevin A. GuttmanAre you about to retire from work, and you’re putting things in place to have a lovely retirement? Then, going for a reverse mortgage in Pasadena is an option you might want to opt for. You’re qualified to get a reverse mortgage if you are over 62 years, and - [Torrance](https://reversemortgagerevolution.com/california/reverse-mortgage-torrance-ca/) - Reverse Mortgage Torrance CA with Kevin A. GuttmanAre you about to retire from work, and you’re putting things in place to have a lovely retirement? Then, going for a reverse mortgage in Torrance CA is an option you might want to opt for. You’re qualified to get a reverse mortgage if you are over 62 - [Sitemap](https://reversemortgagerevolution.com/html-sitemap/) - https://reversemortgagerevolution.com/sitemap_index.xml - [Glendale](https://reversemortgagerevolution.com/california/reverse-mortgage-in-glendale-ca/) - Reverse Mortgage Glendale CA with Kevin A. GuttmanAre you about to retire from work, and you’re putting things in place to have a lovely retirement? Then, going for a reverse mortgage in Glendale is an option you might want to opt for. You’re qualified to get a reverse mortgage if you are over 62 years, - [Santa Ana](https://reversemortgagerevolution.com/california/santa-ana/) - Reverse Mortgage Santa Ana with Kevin A. GuttmanAre you about to retire from work, and you’re putting things in place to have a lovely retirement? Then, going for a reverse mortgage in Santa Ana CA is an option you might want to opt for. You’re qualified to get a reverse mortgage if you are over - [Anaheim](https://reversemortgagerevolution.com/california/anaheim/) - Reverse Mortgage Anaheim California with Kevin A. GuttmanAre you about to retire from work, and you’re putting things in place to have a lovely retirement? Then, going for a reverse mortgage in Anaheim is an option you might want to opt for. You’re qualified to get a reverse mortgage if you are over 62 years, - [Reverse Mortgage California](https://reversemortgagerevolution.com/california/) - Reverse Mortgage California with Kevin A. GuttmanAre you about to retire from work, and you’re putting things in place to have a lovely retirement? Then, going for a reverse mortgage in California is an option you might want to opt for. You’re qualified to get a reverse mortgage if you are over 62 years, and - [Is a Reverse Mortgage Right for You? Find Out in Our Quick Quiz](https://reversemortgagerevolution.com/is-a-reverse-mortgage-right-for-you-find-out-in-our-quick-quiz/) - Go Back Step 1 of 8 12% What Are You Hoping a Reverse Mortgage Can Do For You? A Reverse Mortgage can help you eliminate monthly mortgage payments, buy a new home with greater purchasing power, access your tax-free home equity, or refinance an existing reverse mortgage for better terms. Let us know your goal - [Articles](https://reversemortgagerevolution.com/reverse-mortgage-articles/) - VideosBooksMediaArticlesReverse Mortgage Articles By Kevin A. Guttman What are the Benefits of Making a Payment With a Reverse Mortgage?By Kevin GuttmanPublished On: July 9th, 2026 One of the biggest benefits of a Reverse Mortgage is making the monthly Principal and Interest payments optional. In fact, this is why 67% of people get a reverse mortgage! - [Contact](https://reversemortgagerevolution.com/contact/) - Contact Kevin Guttman for Expert Reverse Mortgage GuidanceHave questions about reverse mortgages? Kevin Guttman, Certified Reverse Mortgage Professional (CRMP), is ready to help. Reach out today for personalized advice and solutions tailored to your financial needs. Name(Required) First Last Email(Required) Phone(Required)Message(Required)Let us know how we can help. Have a question or need advice? Kevin’s ready - [Reverse Mortgage Home Equity Quiz](https://reversemortgagerevolution.com/reverse-mortgage-home-equity-quiz/) - Go Back Welcome to the Reverse Mortgage Home Equity Quiz! Find the Right Mortgage Solution for You! As one of the nation’s leading mortgage brokers, we offer access to a full range of residential loan programs, working with dozens of wholesale lenders to find the best options for you—saving you valuable time and effort. To - [ADA Site Accessibility](https://reversemortgagerevolution.com/ada-site-accessibility/) - ADA Site Accessibility The Kevin A. Guttman team is dedicated to making our website accessible to everyone, including individuals with disabilities. To report a problem or request an accommodation, Fill out the form below, please include the web page address or URL and the specific problems you have encountered.Please add the specific problems you are - [Podcast interview with Kevin A. Guttman](https://reversemortgagerevolution.com/podcast-interview-with-kevin-a-guttman/) - Kevin A. Guttman · Kevin A. Guttman - Reverse mortgage podcasts - [Guide Thank You](https://reversemortgagerevolution.com/guidethankyou/) - Thank you for requesting a free copy of Betty’s Story: a Prudent Senior Citizens Guide to Reverse Mortgages.Watch your email, I’m sending it out right away! Give it about 10 minutes. If you can’t find it in your inbox, check your SPAM folder.Thank you for giving me this opportunity to share some information with you - [Apache Junction](https://reversemortgagerevolution.com/arizona/apache-junction/) - Reverse mortgage Apache Junction with Kevin A. Guttman Are you about to retire from work, and you’re putting things in place to have a lovely retirement? Then, going for a reverse mortgage in Apache Junction is an option you might want to opt for. You’re qualified to get a reverse mortgage if you are over - [Sun City](https://reversemortgagerevolution.com/arizona/sun-city/) - Reverse mortgage Sun City AZ with Kevin A. Guttman Are you about to retire from work, and you’re putting things in place to have a lovely retirement? Then, going for a reverse mortgage in Sun City is an option you might want to opt for. You’re qualified to get a reverse mortgage if you - [Retirement plan](https://reversemortgagerevolution.com/retirement-plan/) - Retirement plan definition The terms "retirement plan" and "superannuation" tend to refer to a pension granted upon retirement of the individual. Retirement plans may be set up by employers, insurance companies, the government, or other institutions such as employer associations or trade unions. Called retirement plans in the Colorado and most other States, they are - [DMCA](https://reversemortgagerevolution.com/dmca/) - DMCA I found our copy righted content appearing in your website. It may have happened without your knowledge or may be posted by your members. 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Most, but not all, reverse mortgages today are federally insured through the Federal Housing Administration’s. - [Referrals](https://reversemortgagerevolution.com/referrals/) - REFERRING KEVIN GUTTMAN Referrals Form CompanyThis field is for validation purposes and should be left unchanged.Your Name*Email* Name of Referral*Referral's Phone Number*Comments Δ - [Referral Thank You](https://reversemortgagerevolution.com/referral-thank-you/) - Thank you for referring your friend or family member.I’ll be in touch with them shortly to see how I can help! - [Partner Thank You](https://reversemortgagerevolution.com/partner-thank-you/) - Thank you for requesting information on how a Reverse Mortgage can benefit your clients.Watch your email, I’m sending it out right away. - [Consult Thank You](https://reversemortgagerevolution.com/consult-thank-you/) - Thank you for requesting a free consult.I’ll be in touch with you shortly to set up your appointment! - [Maine](https://reversemortgagerevolution.com/maine/) - [Missouri](https://reversemortgagerevolution.com/missouri/) - Reverse Mortgage Lender in Missouri with Kevin A. Guttman Contents ToggleReverse Mortgage Lender in Missouri with Kevin A. GuttmanHow does reverse mortgage work in Missouri?Missouri Reverse Mortgage PaymentsThe benefits of a Reverse mortgage in MissouriReverse mortgage in Missouri OptionsMissouri reverse mortgage prosMissouri reverse mortgage consWhat qualifies for a reverse mortgage in Missouri?Jumbo reverse mortgage in - [New-Mexico](https://reversemortgagerevolution.com/new-mexico/) - Reverse Mortgage Lender in New Mexico with Kevin A. Guttman Contents ToggleReverse Mortgage Lender in New Mexico with Kevin A. GuttmanHow does reverse mortgage work in New Mexico?New Mexico Reverse Mortgage PaymentsThe benefits of a Reverse mortgage in New MexicoReverse mortgage in New Mexico OptionsNew Mexico reverse mortgage prosNew Mexico reverse mortgage consWhat qualifies for - [Ohio](https://reversemortgagerevolution.com/ohio/) - Reverse Mortgage Lender in Ohio with Kevin A. Guttman Contents ToggleReverse Mortgage Lender in Ohio with Kevin A. GuttmanHow does reverse mortgage work in Ohio?Ohio Reverse Mortgage PaymentsThe benefits of a Reverse mortgage in OhioReverse mortgage in Ohio OptionsOhio reverse mortgage prosOhio reverse mortgage consWhat qualifies for a reverse mortgage in Ohio?Jumbo reverse mortgage in - [Utah](https://reversemortgagerevolution.com/utah/) - Reverse Mortgage Lender in Utah with Kevin A. Guttman Contents ToggleReverse Mortgage Lender in Utah with Kevin A. GuttmanHow does reverse mortgage work in Utah?Utah Reverse Mortgage PaymentsThe benefits of a Reverse mortgage in UtahReverse mortgage in Utah OptionsUtah reverse mortgage prosUtah reverse mortgage consWhat qualifies for a reverse mortgage in Utah?Jumbo reverse mortgage in - [Kansas](https://reversemortgagerevolution.com/kansas/) - Reverse Mortgage Lender in Kansas with Kevin A. Guttman Contents ToggleReverse Mortgage Lender in Kansas with Kevin A. GuttmanHow does reverse mortgage work in Kansas?Kansas Reverse Mortgage PaymentsThe benefits of a Reverse mortgage in KansasReverse mortgage in Kansas OptionsKansas reverse mortgage prosKansas reverse mortgage consWhat qualifies for a reverse mortgage in Kansas?Jumbo reverse mortgage in - [Oklahoma](https://reversemortgagerevolution.com/oklahoma/) - Reverse Mortgage Lender in Oklahoma with Kevin A. Guttman Contents ToggleReverse Mortgage Lender in Oklahoma with Kevin A. GuttmanHow does reverse mortgage work in Oklahoma?Oklahoma Reverse Mortgage PaymentsThe benefits of a Reverse mortgage in OklahomaReverse mortgage in Oklahoma OptionsOklahoma reverse mortgage prosOklahoma reverse mortgage consWhat qualifies for a reverse mortgage in Oklahoma?Jumbo reverse mortgage in - [Texas](https://reversemortgagerevolution.com/texas/) - [Oregon](https://reversemortgagerevolution.com/oregon/) - Reverse Mortgage Lender in Oregon with Kevin A. Guttman Contents ToggleReverse Mortgage Lender in Oregon with Kevin A. GuttmanHow does reverse mortgage work in Oregon?Oregon Reverse Mortgage PaymentsThe benefits of a Reverse mortgage in OregonReverse mortgage in Oregon OptionsOregon reverse mortgage prosOregon reverse mortgage consWhat qualifies for a reverse mortgage in Oregon?Jumbo reverse mortgage in - [Tennessee](https://reversemortgagerevolution.com/tennessee/) - Reverse Mortgage Lender in Tennessee with Kevin A. Guttman Contents ToggleReverse Mortgage Lender in Tennessee with Kevin A. GuttmanHow does reverse mortgage work in Tennessee?Tennessee Reverse Mortgage PaymentsThe benefits of a Reverse mortgage in TennesseeReverse mortgage in Tennessee OptionsTennessee reverse mortgage prosTennessee reverse mortgage consWhat qualifies for a reverse mortgage in Tennessee?Jumbo reverse mortgage in - [Alabama](https://reversemortgagerevolution.com/alabama/) - Reverse Mortgage Lender in Alabama with Kevin A. Guttman Contents ToggleReverse Mortgage Lender in Alabama with Kevin A. GuttmanHow does reverse mortgage work in Alabama?Alabama Reverse Mortgage PaymentsThe benefits of a Reverse mortgage in AlabamaReverse mortgage in Alabama OptionsAlabama reverse mortgage prosAlabama reverse mortgage consWhat qualifies for a reverse mortgage in Alabama?Jumbo reverse mortgage in - [Michigan](https://reversemortgagerevolution.com/michigan/) - Reverse Mortgage Lender in Michigan with Kevin A. Guttman Contents ToggleReverse Mortgage Lender in Michigan with Kevin A. GuttmanHow does reverse mortgage work in Michigan?Michigan Reverse Mortgage PaymentsThe benefits of a Reverse mortgage in MichiganReverse mortgage in Michigan OptionsMichigan reverse mortgage prosMichigan reverse mortgage consWhat qualifies for a reverse mortgage in Michigan?Jumbo reverse mortgage in - [Pennsylvania](https://reversemortgagerevolution.com/pennsylvania/) - Reverse Mortgage Lender in Pennsylvania with Kevin A. Guttman Contents ToggleReverse Mortgage Lender in Pennsylvania with Kevin A. GuttmanHow does reverse mortgage work in Pennsylvania?Pennsylvania Reverse Mortgage PaymentsThe benefits of a Reverse mortgage in PennsylvaniaReverse mortgage in Pennsylvania OptionsPennsylvania reverse mortgage prosPennsylvania reverse mortgage consWhat qualifies for a reverse mortgage in Pennsylvania?Jumbo reverse mortgage in - [Reverse Mortgage Calculator ( Cloned )](https://reversemortgagerevolution.com/reverse-mortgage-calculator-cloned/) - Reverse Mortgage Calculator and Tools In this new era, retirees need to adjust their retirement plan to account for the continuously changing retirement landscape. Savings need to last longer while pensions are being reduced, putting an immense financial strain on many citizens. Reverse mortgages enable homeowners, particularly the elderly over 62 years old, to borrow ## FAQs - [Agent of Wealth Episode 250](https://reversemortgagerevolution.com/faq-items/agent-of-wealth-episode-250/) - Kevin A. Guttman – Reverse Mortgage Specialist NLMS# 384936 Evergreen National Bank NMLS #609177 Local (719) 302-5820 Toll Free (877) 251-9709 - [Can I still leave my home to my children?](https://reversemortgagerevolution.com/faq-items/can-i-still-leave-my-home-to-my-children/) - Yes — your heirs can choose to repay the reverse mortgage balance and keep the home, or sell the property to repay the loan. Any remaining equity after the loan is paid off goes to your heirs. - [Can I be forced to leave my home?](https://reversemortgagerevolution.com/faq-items/can-i-be-forced-to-leave-my-home/) - You cannot be forced to leave your home as long as you continue to pay property taxes, homeowners insurance, and maintain the property. Failing to meet these obligations can result in default, which may lead to foreclosure. - [How does the reverse mortgage line of credit grow over time?](https://reversemortgagerevolution.com/faq-items/how-does-the-reverse-mortgage-line-of-credit-grow-over-time/) - Unused funds in a reverse mortgage line of credit grow at the same compounding rate as the loan’s interest plus mortgage insurance premium. This means your available line increases over time, potentially giving you access to more money in the future. - [What is the “line of credit” feature and why do some call it a retirement planning tool?](https://reversemortgagerevolution.com/faq-items/what-is-the-line-of-credit-feature-and-why-do-some-call-it-a-retirement-planning-tool/) - A reverse mortgage line of credit gives you access to funds you can draw as needed. Many financial planners consider it a retirement tool because the line of credit can grow over time, providing a flexible source of tax-free funds for unexpected expenses or supplementing income. - [What credit score is needed for a reverse mortgage?](https://reversemortgagerevolution.com/faq-items/what-credit-score-is-needed-for-a-reverse-mortgage/) - There is no specific minimum credit score required to qualify for a reverse mortgage. However, lenders will evaluate your credit history and ability to meet ongoing obligations like property taxes and insurance. - [Can I get a reverse mortgage on a second home or rental property?](https://reversemortgagerevolution.com/faq-items/can-i-get-a-reverse-mortgage-on-a-second-home-or-rental-property/) - No — reverse mortgages are only available on your primary residence. You must live in the home as your main residence for most of the year to qualify. - [Is a reverse mortgage taxable income?](https://reversemortgagerevolution.com/faq-items/is-a-reverse-mortgage-taxable-income/) - No — reverse mortgage proceeds are considered loan advances, not income, so they are not taxable. This means you can use the funds without affecting your income tax liability. - [What’s the difference between a reverse mortgage and a home equity loan or HELOC?](https://reversemortgagerevolution.com/faq-items/whats-the-difference-between-a-reverse-mortgage-and-a-home-equity-loan-or-heloc/) - A home equity loan or HELOC requires monthly payments and has a fixed repayment schedule, while a reverse mortgage doesn’t require payments as long as you live in the home. Instead, repayment happens when you move out, sell the home, or pass away. - [What happens if I outlive the loan?](https://reversemortgagerevolution.com/faq-items/what-happens-if-i-outlive-the-loan/) - You cannot outlive a reverse mortgage. As long as you live in the home, maintain it, and meet your obligations, the loan does not come due. - [Is counseling required?](https://reversemortgagerevolution.com/faq-items/is-counseling-required/) - Yes. Independent HUD-approved counseling is required to ensure you understand the program and your options. - [What are the fees and costs involved?](https://reversemortgagerevolution.com/faq-items/what-are-the-fees-and-costs-involved/) - There are typical closing costs like any mortgage — including origination fees, appraisal, title, and government insurance (FHA for HECM). These can usually be rolled into the loan. - [Do I qualify if I still have a mortgage?](https://reversemortgagerevolution.com/faq-items/do-i-qualify-if-i-still-have-a-mortgage/) - Yes, as long as the reverse mortgage proceeds are enough to pay off your current mortgage and you meet other eligibility criteria. - [What can I use the funds for?](https://reversemortgagerevolution.com/faq-items/what-can-i-use-the-funds-for/) - Anything you choose — supplementing retirement income, paying off debt, covering healthcare costs, or just improving your quality of life. - [Can I make payments if I want to?](https://reversemortgagerevolution.com/faq-items/can-i-make-payments-if-i-want-to/) - Yes! While payments are not required, you can make voluntary payments toward interest, principal, or both — with no prepayment penalties. - [Will my children or heirs be stuck with debt?](https://reversemortgagerevolution.com/faq-items/will-my-children-or-heirs-be-stuck-with-debt/) - No. Reverse mortgages are non-recourse loans, which means your heirs will never owe more than the home is worth at the time of repayment. - [How is a reverse mortgage paid back?](https://reversemortgagerevolution.com/faq-items/how-is-a-reverse-mortgage-paid-back/) - The loan is repaid when the last borrower moves out, sells the home, or passes away. This typically happens through the sale of the home. - [Do I still own my home?](https://reversemortgagerevolution.com/faq-items/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?](https://reversemortgagerevolution.com/faq-items/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://reversemortgagerevolution.com/faq-items/a-reverse-mortgage-can-change-your-retirement-and-leverage-ways-to-build-wealth/) - Kevin A. Guttman – Reverse Mortgage Specialist NLMS# 384936 Evergreen National Bank NMLS #609177 Local (719) 302-5820 Toll Free (877) 251-9709 - [What happens when I move? Reverse Mortgage Move Out.](https://reversemortgagerevolution.com/faq-items/what-happens-when-i-move/) - Reverse Mortgage Move Out From Kevin A. Guttman A question I get asked frequently about reverse mortgages is what happens when I move. There are several options available to you when you decide to move out of your home, this video will teach you all of the details. Kevin A. Guttman - Reverse Mortgage Specialist - [What is a Reverse Mortgage?](https://reversemortgagerevolution.com/faq-items/what-is-a-reverse-mortgage-2/) - 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 - [Purchasing A Home With A Reverse Mortgage](https://reversemortgagerevolution.com/faq-items/purchasing-a-home-with-a-reverse-mortgage/) - Purchasing a home with a reverse mortgage from Kevin Guttman Can you use a reverse mortgage to purchase a home? Yes and it's a great way for retirees to save money and have no monthly mortgage payment other than property taxes, homeowners insurance, and maintenance. Just like other mortgage products qualification is required. However, it's - [What is a HECM reverse mortgage loan?](https://reversemortgagerevolution.com/faq-items/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 - [What is HECM Reverse Mortgage?](https://reversemortgagerevolution.com/faq-items/how-to-qualify-for-an-hecm-reverse-mortgage/) - What is HECM Reverse Mortgage Kevin Guttman What is HECM Reverse Mortgage? The Federal house authority's home equity mortgage conversion program Is a program designed for seniors age 62 or older who own their home and want to eliminate their monthly mortgage payment and possibly increase cash flow tax-free into retirement. With this program, there - [Reverse Mortgage Living Expense Inflation](https://reversemortgagerevolution.com/faq-items/have-you-planned-for-inflation/) - Reverse Mortgage Living Expense Inflation by Kevin A. Guttman Studies show that many seniors have https://youtu.be/eMn0vak_ngAsaved enough for retirement to cover their living expenses but some haven't planned for inflation. In this video learn how to factor in inflation as homeowners and the opportunities that a reverse mortgage can offer you for successful retirement planning. - [Heirs Responsibility Reverse Mortgage](https://reversemortgagerevolution.com/faq-items/how-will-this-affect-my-heirs/) - FAQ Reverse Mortgage Heirs Responsibility by Kevin A. Guttman There is a myth that you will leave debt to your children if you take out a reverse mortgage. The truth is a homeowner or their heirs never owe a payment; A is never required with a reverse mortgage. As long as you continue to pay - [The Truth About Reverse Mortgages](https://reversemortgagerevolution.com/faq-items/always-maintain-your-title-during-the-life-of-the-loan/) - 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 Specialist NLMS# - [Reverse Mortgage Benefits - No Monthly Payment](https://reversemortgagerevolution.com/faq-items/how-to-eliminate-your-mortgage-payment/) - 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 free up - [Is a reverse mortgage a ripoff?](https://reversemortgagerevolution.com/faq-items/fha-doesnt-care-how-the-loan-proceeds-are-used/) - 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 by HUD/FHA - [How Much Money Can I Receive With a Reverse Mortgage?](https://reversemortgagerevolution.com/faq-items/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 - [Is it required that I receive counseling before getting a Reverse Mortgage?](https://reversemortgagerevolution.com/faq-items/is-it-required-that-i-receive-counseling-before-getting-a-reverse-mortgage/) - Prior to applying for the loan, it is required that you are made aware of the terms and conditions of the loan through sources provided by HUD, and to protect you from receiving incorrect information. The lender must be in receipt of the counseling certificate before they can close the loan. Contact the Housing Counseling - [Do I have to pay any fees to the reverse mortgage lender during the course of my loan?](https://reversemortgagerevolution.com/faq-items/do-i-have-to-pay-any-fees-to-the-reverse-mortgage-lender-during-the-course-of-my-loan/) - A reverse mortgage was created so borrowers don’t have to pay most fees during the course of the loan. Typical upfront costs are for the appraisal and HUD-approved reverse mortgage counseling (some agencies waive counseling fees at their discretion). However, monthly FHA mortgage insurance must be paid, and there may be a monthly servicing fee - [How will this loan affect my estate and how much will be left to my heirs?](https://reversemortgagerevolution.com/faq-items/how-will-this-loan-affect-my-estate-and-how-much-will-be-left-to-my-heirs/) - Once the last surviving borrower no longer resides in the home as his/her primary residence, the loan becomes due and you or your estate is responsible for repayment of the money you received from the reverse mortgage, plus interest and other fees as agreed upon in the beginning. Any remaining equity belongs to either you - [Do I have to pay taxes on the cash payments I receive?](https://reversemortgagerevolution.com/faq-items/do-i-have-to-pay-taxes-on-the-cash-payments-i-receive/) - The loan proceeds you receive from a reverse mortgage are usually tax free.* You are not required to pay monthly mortgage payments, including principal and interest. However, since you hold the title to your home, you are still responsible for property taxes, insurance, utilities, fuel, maintenance, and other home-related expenses. NOTE: This is not tax - [What happens if I outlive the loan? Will I have to repay the lender?](https://reversemortgagerevolution.com/faq-items/what-happens-if-i-outlive-the-loan-will-i-have-to-repay-the-lender/) - No. As long as one of the borrowers on the loan note lives in the home, continues to pay the taxes and insurance and maintains the home in good condition, you will not need to repay the loan. Once the last surviving borrower passes away or the obligations of the loan are not met, the - [Is my home eligible for a reverse mortgage?](https://reversemortgagerevolution.com/faq-items/is-my-home-eligible-for-a-reverse-mortgage/) - Homes eligible for a reverse mortgage include single-family homes, detached homes, townhouses, and two-to-four unit properties that are owner-occupied. Condominiums must be FHA-approved. Some manufactured homes are eligible but must meet FHA guidelines. Contact your loan officer for more details on manufactured home eligibility. - [How much money can I expect to get?](https://reversemortgagerevolution.com/faq-items/how-much-money-can-i-expect-to-get/) - 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 - [How do I receive my payments?](https://reversemortgagerevolution.com/faq-items/how-do-i-receive-my-payments/) - Reverse mortgage payments can be received in one of five ways: • Tenure: equal monthly payments • Term: equal monthly payments for a fixed period of months as decided by the borrower • Line of Credit: payments made in installments or at various times and in amounts dictated by the borrower(s) • Modified Tenure: monthly - [Must my house be paid off for me to qualify for a reverse mortgage?](https://reversemortgagerevolution.com/faq-items/must-my-house-be-paid-off-for-me-to-qualify-for-a-reverse-mortgage/) - No. You do not need to pay off your home to qualify. However, the loan proceeds you receive from a reverse mortgage must be used to pay off the existing mortgage or liens (if there is a mortgage balance owing) You will continue to hold title to your home subject to the mortgage lien securing - [What costs are associated with a reverse mortgage loan?](https://reversemortgagerevolution.com/faq-items/what-costs-are-associated-with-a-reverse-mortgage-loan/) - The fees and cost of a reverse mortgage are based on a number of items. For example, an origination fee is paid to the broker/lender, a MIP (mortgage insurance premium) is paid to HUD on the Home Equity Conversion Mortgage (HECM), an appraisal fee, a flood certification fee, a doc prep fee, title and settlement - [What are the FHA Mortgage Insurance Premium Charges?](https://reversemortgagerevolution.com/faq-items/what-are-the-fha-mortgage-insurance-premium-charges/) - The upfront Mortgage Insurance Premiums (MIP) are either 2.5% or .5% depending on how much of the Principal Limit (amount you can borrow) you use in the first year. If your total mandatory obligation payoffs (existing mortgage payoff, tax liens, closing costs, upfront mortgage insurance premium) exceed 60% of the Principal Limit your upfront MIP - [What are the differences between a home equity loan and a reverse mortgage loan?](https://reversemortgagerevolution.com/faq-items/what-are-the-differences-between-a-home-equity-loan-and-a-reverse-mortgage-loan/) - Reverse mortgages have become more popular because they allow the borrower to receive loan proceeds that do not require immediate repayment as long as: you remain in your home as your primary residence, do not sell your home, at least one borrower lives in the home, you meet the basic income and credit standards, and - [Should I use an estate planning service to find a reverse mortgage?](https://reversemortgagerevolution.com/faq-items/should-i-use-an-estate-planning-service-to-find-a-reverse-mortgage/) - HUD advises against using any service that charges a fee (except required HECM counseling) or any service that requests a lender referral fee, to obtain a reverse mortgage. 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