Reverse Mortgages Explained: What Every Homeowner Over 62 Needs to Know

What this episode covers

Reverse mortgages are one of the most misunderstood financial tools available to homeowners. Some people see them as a smart retirement strategy, while others view them with skepticism. So what's the truth? In this episode of Beyond the Rate, host Kary Wurth sits down with reverse mortgage specialist Rochelle Eigsti to break down exactly how reverse mortgages work, who they are designed for, and when they may—or may not—make sense. Rochelle draws on decades of mortgage industry experience to explain the realities behind Home Equity Conversion Mortgages (HECMs), common misconceptions, qualification requirements, costs, benefits, and potential risks. She also shares real-world examples of how homeowners have used reverse mortgages to improve retirement flexibility, help family members, and age comfortably in their homes. The conversation also explores senior-focused financial scams, the importance of education, and the growing Savvy Seniors community helping older adults make informed decisions. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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