https://youtu.be/-QAkirx_2Qk


In this episode of Talking Realty, host Glen Whitten delves into the complex topic of reverse mortgages, providing home sellers with valuable insights and practical advice. 
Glen explains what a reverse mortgage is, its benefits and drawbacks, and how it can impact home sales, probate, and inheritance. He also offers guidance on making the decision between selling a home and opting for a reverse mortgage, ensuring listeners know what to look for to avoid scams. 
With personal anecdotes and professional expertise, Glen breaks down different payout options, repayment terms, and alternatives to reverse mortgages. Additionally, he discusses the importance of dealing with HUD-approved lenders and provides resources for further counseling and advice. 
The episode concludes with tips on shopping around for the best rates, understanding fees, and recognizing red flags in the reverse mortgage process.
Key Moments:

00:00 Introduction and Disclaimer
00:13 Understanding Reverse Mortgages
01:36 Podcast Introduction and Host Background
02:26 Personal Anecdote: Reverse Mortgage Discussion
04:56 Defining Reverse Mortgages
10:38 Pros and Cons of Reverse Mortgages
24:14 Alternatives to Reverse Mortgages
26:05 Maximizing Property Income
26:58 Exploring Cash Out Refinance Options
27:28 Bridge Loans for Seniors
28:02 Sponsorship Message
29:04 Finding a Trustworthy Reverse Mortgage Lender
30:17 Reverse Mortgage Counseling and Resources
31:55 Comparing Reverse Mortgage Loans
34:17 Understanding Reverse Mortgage Fees
37:16 Red Flags in Reverse Mortgages
42:09 Final Thoughts on Reverse Mortgages
43:11 Conclusion and Contact Information

Resources mentioned:

Episode 36: Selling A Home For Your Parents
“The Let Them Theory” by Mel Robbins
Ultimate Home Selling Toolkit (FREE!)
Free Seller Net Sheet
HUD Approved Lender List
HUD-approved housing counselors: (800) 569-4287.
AARP Reverse Mortgage Information
National Reverse Mortgage Lenders Association (NRMLA)
Episode 3: Ryan Phillips on Selecting a Title Company

Contact Information:

Podcast Website: Talking Realty.com
Ohio Property Group: OhioMLSFlatFee.com
Email: [email protected]
Associates Title Website
Ryan Phillips / Associates Title: 614 419 2418
Our YouTube Channel
Glen’s Blog
Book a Call With Glen
Ohio Property Group Facebook Page
@OhioMLSFlatFee  
@ohmlsflatfee  
@OhioMLSFlatFee  
Ohio MLS Flat Fee
OhioMLSFlatFee

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