"These are not your grandmother's reverse mortgages" - How the reverse mortage has changed over time

Join host Ken Connolly as he challenges his own preconceptions about reverse mortgages with 30-year industry veteran Laura Phillips. What starts as skeptical questioning transforms into an eye-opening education about how modern programs have evolved far beyond their troubled past.

🎯 Meet Laura Phillips: Licensed reverse mortgage specialist across multiple states, certified through NAR, and a "boutique lender" who takes a deeply personal approach to client education. With three decades in mortgages—from 18% interest rate chaos to today's more regulated landscape—Laura brings unmatched perspective to this misunderstood financial tool.

💡 Key Discussion Points:

• Why early reverse mortgages left surviving spouses "literally on the street"
• How lending limits dropped from 75-80% to just 35-60% of home value
• The mandatory HUD counseling that protects every borrower
• Strategic uses for market volatility and cash flow challenges
• Red flags to avoid reverse mortgage scams
• When these programs absolutely don't make sense

💭 Perfect For: Seniors considering all retirement income options, adult children helping parents navigate financial decisions, financial professionals seeking deeper product knowledge, and anyone wanting facts instead of fear-mongering about reverse mortgages.

Connect with Laura Phillips: LauraPhillips.com for Colorado and multi-state consultations

NJ Life and Health:

www.njlifeandhealth.com | 848-226-6897

@njlifeandhealth Across All Socials

Subscribe to Talking Retirement for more honest conversations about Medicare, life insurance, and retirement planning strategies.

#TalkingRetirement #ReverseMortgage #RetirementPlanning #SeniorFinance #FinancialSecurity

Thanks for tuning into Talking Retirement! To watch a video version of the podcast, check out our Youtube Channel at www.youtube.com/@njlifeandhealth. For daily tips for seniors, Medicare enrollees and more, follow us on all our socials at @njlifeandhealth. And to talk to a licensed Medicare & Life Insurance broker, schedule your free appointment at our website www.njlifeandhealth.com or call our office at 848-226-6897.

Disclaimer:
The views and opinions expressed in this podcast are solely those of the individuals involved and do not necessarily reflect the official policy or position of any organization or entity they may be affiliated with. The information provided is for general informational purposes only and should not be considered as professional, legal, financial or medical advice. Listeners should always consult with a qualified professional for any specific questions or concerns they may have. The hosts and producers of this podcast are not responsible for any actions taken based on the information presented.

We are not financial, medical, caregiving or legal professionals, and the opinions and views expressed by our guests are their own. Your results may vary, so you should always consult with your own financial, medical, caregiving, legal and other professionals before making any important life decisions.