As a senior advisor with Alliance Reverse Mortgage, I work with clients throughout the state of California to develop strategies for increasing financial security by accessing their home equity. The various options include both fixed and adjustable rate products and they are FHA loans. For those looking to sell and buy elsewhere, it is also possible to purchase a new home using the reverse mortgage for purchase program. I have 14 years of experience and specialize only in this kind of financing.

The key to it all is education. My primary job is to make consumers aware of the real facts and features of the HECM (home equity conversion mortgage). Once the general aspects are explained it is then a matter of showing each client how the program would apply to their situation.

We are also a broker which means that we are wholesale partners with the six largest lenders in this sector and that is a good thing for our clients. We can go to the company that seems the best fit and optimize value for our borrowers.

I saw it as a way to help many homeowners my age achieve greater financial security. For some homeowners it can be an investment tool which helps preserve income producing assets by utilizing home equity first before drawing from their portfolios. For others, it is a sound way to increase their monthly cash flow by paying off an existing mortgage. It can also provide money to fund home health care needs. The borrower is free to use the loan amount anyway they see fit.