Education
Most homeowners don't start a reverse mortgage conversation worried about interest rates or payout options. They start worried about safety. Can I lose my home? Will my children inherit the debt? Am I signing something I don't fully understand?
In this episode, I'm breaking down six consumer protections that are built directly into the FHA-insured HECM program — safeguards that make this one of the most regulated loans available. I cover mandatory HUD-approved counseling, the non-recourse feature that protects your heirs, the financial assessment that ensures the loan is sustainable for you, initial disbursement limits that prevent overspending, protections for non-borrowing spouses, and a line of credit that can never be frozen, even if home values drop.
If you've ever wondered whether a reverse mortgage is safe, this episode will give you the answers you're looking for.