Education
Before you dive into researching a reverse mortgage, there are three fundamental questions every homeowner should ask themselves. In this episode, I break them down one by one to help you approach your home equity with complete clarity and zero pressure.
First: What do you want the reverse mortgage to accomplish for your cash flow? Whether it's eliminating a monthly mortgage payment, paying off a HELOC, or using HECM for Purchase to right-size, knowing your 'why' is everything.
Second: Is it a safe, regulated product? I revisit the strict guardrails — from mandatory HUD counseling to non-recourse protections — that make this one of the most secure loans available.
And third: Are you comfortable with negative amortization? We talk honestly about how loan balances grow over time, what it means for your heirs, and why this program is meant to relieve financial stress, never create it.
If you're considering your options in retirement, this episode is the best place to start.