As your circumstances change, so will your cost of living, and for homeowners age 62 or older, a reverse mortgage may be the tool you need to help you access a greater cash flow.
In this episode, we are joined by Will Yoho, Sr. Loan Officer at University Bank and reverse mortgage expert. Will shares with listeners why a reverse mortgage might be an excellent tool, especially after losing a spouse, and how it can help your money outlive you.
Todd and Will discuss:
- What a reverse mortgage is
- The basic requirements to qualify for it
- How to find out if a reverse mortgage is a good financial option for you
- How a reverse mortgage is different from home equity or a line of credit
- Why the stigma around having a reverse mortgage is not always accurate
- And more!
Resources:
Connect with Will Yoho:
- LinkedIn: Will Yoho
- Contact: (847) 341- 7672
Connect with Todd Bessey:
- CreidimWealth.com
- LinkedIn: Todd Bessey
- Phone: 224-600-5988
- Email: Todd@CreidimWealth.com
- LinkedIn: Creidim Wealth Partners
- Facebook: Creidim Wealth Partners
About Will:
William Yoho has been assisting homeowners for nearly two decades. As a residential loan officer lending across the country, he has helped with purchases, refinances, and reverse mortgages for single-family homes, condos, and townhomes. He has experience working with clients in every transition of life, from first-time homebuyers to downsizing retirees.
Since 2007, Will has specialized in reverse mortgages. A lending program designed to help seniors access the equity in their homes for everyday expenses such as property taxes, medical bills, home repairs, and even caregiving. His professional and compassionate approach enables seniors and their families to find solutions and help for often complex financial and social situations. Seemingly difficult issues such as incompetency, guardianship, trusts, POA, title issues, and end-of-life planning are part of his normal workday.
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