Homeownership & Generational Wealth: Kristen Vance on Mortgages, Reverse Loans & Building Equity

In this episode of 𝘓𝘦𝘵’𝘴 𝘉𝘦𝘦 𝘙𝘦𝘢𝘭, Bee Powell sits down with 𝗞𝗿𝗶𝘀𝘁𝗲𝗻 𝗩𝗮𝗻𝗰𝗲, mortgage lender with Certified Mortgage Planners, mom of six, youth baseball coach, and founder of the nonprofit 𝗔𝗹𝗹 𝗞𝗶𝗱𝘀 𝗖𝗮𝗻 𝗣𝗹𝗮𝘆.𝙆𝙧𝙞𝙨𝙩𝙚𝙣 𝙨𝙝𝙖𝙧𝙚𝙨 𝙥𝙤𝙬𝙚𝙧𝙛𝙪𝙡 𝙞𝙣𝙨𝙞𝙜𝙝𝙩𝙨 𝙤𝙣:Why 𝗵𝗼𝗺𝗲𝗼𝘄𝗻𝗲𝗿𝘀𝗵𝗶𝗽 𝗶𝘀 𝘁𝗵𝗲 𝗳𝗼𝘂𝗻𝗱𝗮𝘁𝗶𝗼𝗻 𝗼𝗳 𝗴𝗲𝗻𝗲𝗿𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝘄𝗲𝗮𝗹𝘁𝗵How building equity creates long-term financial securityWhat first-time buyers need to understandReverse mortgages explained (and why they’ve made a comeback)Smart strategies for downsizers and right-sizersThe real impact of buying vs. rentingHow real estate can change your family’s futureBeyond mortgages, Kristen opens up about balancing business and family, coaching youth baseball, and launching a 501(c)(3) nonprofit to help talented kids afford competitive sports.If you're a 𝗳𝗶𝗿𝘀𝘁-𝘁𝗶𝗺𝗲 𝗵𝗼𝗺𝗲𝗯𝘂𝘆𝗲𝗿, 𝗶𝗻𝘃𝗲𝘀𝘁𝗼𝗿, 𝗽𝗮𝗿𝗲𝗻𝘁, 𝗱𝗼𝘄𝗻𝘀𝗶𝘇𝗲𝗿, 𝗼𝗿 𝘀𝗶𝗺𝗽𝗹𝘆 𝗶𝗻𝘁𝗲𝗿𝗲𝘀𝘁𝗲𝗱 𝗶𝗻 𝘄𝗲𝗮𝗹𝘁𝗵-𝗯𝘂𝗶𝗹𝗱𝗶𝗻𝗴 𝘁𝗵𝗿𝗼𝘂𝗴𝗵 𝗿𝗲𝗮𝗹 𝗲𝘀𝘁𝗮𝘁𝗲, this episode delivers real-world insight and inspiration.🔍 𝗧𝗼𝗽𝗶𝗰𝘀 𝗖𝗼𝘃𝗲𝗿𝗲𝗱✅ Mortgage industry insights from a 10-year lender✅ Building generational wealth through real estate✅ Why equity matters more than people realize✅ Reverse mortgages: how they work today✅ Downsizing and retirement mortgage strategies✅ Working mom life & time-blocking strategies✅ Youth sports leadership & community impact✅ Launching a nonprofit (All Kids Can Play)✅ Why real estate is a wealth-building tool⏱️ 𝗧𝗶𝗺𝗲𝘀𝘁𝗮𝗺𝗽𝘀00:00 – Why homeownership builds generational wealth00:40 – Introduction to Kristen Vance01:18 – 10 years in the mortgage industry02:02 – From restaurant management to mortgage lending03:38 – Leadership lessons from hospitality05:05 – Why Kristen loves DeLand06:32 – Mom of six & family life07:15 – Coaching youth baseball & sports leadership08:00 – Work-life balance & time blocking09:50 – Helping first-time homebuyers10:36 – Generational wealth explained11:38 – Renting vs. owning long-term13:35 – Downsizing & right-sizing strategies14:52 – Reverse mortgages explained18:55 – Launching “All Kids Can Play” nonprofit21:10 – The cost of competitive youth sports23:05 – Vision for supporting young athletes26:12 – Real estate as a wealth strategy27:00 – Why local experts matter29:38 – Final thoughts on investing & community