Reverse Mortgage Articles By Kevin A. Guttman


Kevin Guttman – Reverse Mortgage Specialist Colorado

Everything You Need to Know About Reverse Mortgage

August 6th, 2020|0 Comments

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 reverse mortgage in Colorado Springs, it is important that you’re first having an understanding of what it entails so that you know [...]

Reverse Mortgage Calculation

July 17th, 2020|0 Comments

An example of a reverse mortgage calculation. 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 value of the home less what is owed, and the interest rate. Here are a few examples. Eliminate Mandatory Mortgage Payment [...]

You May Be Doing Fine Today, Position Yourself For Better As You Age

July 3rd, 2020|Comments Off on 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 response is “I’m doing fine” and “I don’t need a reverse mortgage.” My response is usually "that’s great for today but what [...]

Reverse Mortgages Are For Winners!

June 30th, 2020|Comments Off on Reverse Mortgages Are For Winners!

Some senior homeowners feel like a loser or ‘less than’ when they get a reverse mortgage. Nothing could be further from the truth! These folks are actually winners! Why is that? They are putting themselves in a better position financially by either: Eliminating their mandatory, monthly mortgage payment Unlocking access to their home equity Tax-Free Earning compound interest on a portion of their home equity Or increasing their purchasing power when financing a new home None of [...]

Maximize Home Equity & Reduce Risks

June 25th, 2020|Comments Off on 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 is locked up and earning 0% interest. You could say that many American homeowners have their home equity at risk in the [...]

How You Can Preserve Retirement Assets & Increase Your Liquidity

June 18th, 2020|Comments Off on 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 money we can utilize. All sources of income, earnings and wages Our investments and assets And our home equity Obviously #1 is [...]