Reverse Mortgage Loan Officer
The Home Equity Conversion Mortgage is a way for homeowners 62 or older to gain access to liquidity from an illiquid asset, their home. Monthly cash flow is very important to older or retired homeowners on a fixed income. Inconsistencies in the costs of daily living can sometimes throw a wrench into even the best laid retirement plans. The additional cash flow available through the home's equity can provide some level of relief and helps to take the pressure off the entire portfolio. Recent studies have indicated almost half of current or soon to be retired homeowners may (have) to look toward their home's equity as part of their retirement planning needs: whether selling and moving to more affordable areas, refinancing to lower mortgage payments, obtaining home equity lines of credit OR reverse mortgages.
It all starts with the question- what are you trying to accomplish?
Rick has been in the reverse mortgage business since 2003 and has been with some of the top reverse mortgage origination firms in the country. A product of Penn State University, he's got over a decade of experience in mortgage processing, origination, recruiting and managing other mortgage professionals that helps him dedicate his time and passion to improving his clients' quality of life when it matters most. Homeowners seeking alternative ways for retirement planning have seen Rick as a great resource to taking pressure off their portfolio through the use of their home's equity.