Reverse mortgages are one of the most misunderstood financial tools — but for the right family, they can be life-changing.
In this episode of Market Shares, Tony Blodgett sits down with reverse mortgage expert Charles Butler to explain what reverse mortgages really are, who qualifies, and how they can help seniors and their families eliminate mortgage payments, unlock home equity, and live with greater financial freedom.
From busting the “bank takes your house” myth to walking through real downsizing scenarios, this episode is packed with education, strategies, and inspiring real-life stories. Whether you’re planning for retirement, helping your parents age in place, or advising clients as a financial professional, this episode is your one-stop masterclass on reverse mortgages.
📌 Topics We Cover:
- What a reverse mortgage actually is (and isn’t)
- Busting myths like “the bank takes your house”
- Who qualifies: age, equity & income requirements
- How to eliminate your mortgage payment & free up cash flow
- Using reverse mortgages for debt payoff, home updates & caregiving
- Setting up a growing line of credit for future needs
- Real-life stories of families finding freedom and peace of mind
- How property taxes & insurance are handled (LESA explained)
- Reverse for Purchase: downsizing or “rightsizing” with no payment
- Why financial advisors & realtors are embracing this strategy
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📌 New episodes drop every Friday at 10 AM PT!
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