Reverse Mortgages for Seniors Seeking Financial Freedom
When Reverse Mortgages were introduced in 1961, they had great intentions, but were… ummm… problematic.
The past is filled with stories of trial-and-error that we have since improved upon, and Reverse Mortgages are one of them.
Today, we love Reverse Mortgages! In 1988, the FHA began to insure all Home Equity Conversion Mortgages… Since 2008, Mortgage Loan Originators have been held to a higher degree of fiduciary responsibility with national licensing standards… The third-party counseling requirement started in 2012… Most recently, several Lenders have introduced their own Reverse Mortgages, creating opportunities for homeowners 55+ while increasing loan amounts to $4,000,000.
What is a Reverse Mortgage?
A Reverse Mortgage is a home loan that allows homeowners, aged 55 or older, to access their home’s equity without the burden of required monthly payments.
Why Seniors Consider a Reverse Mortgage
Reverse Mortgage Options: Essentials, Inspiration, Liquidity
Meet Life’s Essentials with a Reverse Mortgage
Essential Borrowers are facing financial challenges every day, from keeping up with inflation, managing overwhelming medical bills, recovering from a forced early retirement, or needing to make major life decisions like selling their home, moving their spouse into assisted living, or hiring full-time in-home care. Click for Reverse Mortgage – The Essential Option
Find Inspiration with a Reverse Mortgage
You’ve been looking forward to retirement, and now that you’re here you wish you had more flexibility. Most of your Essential needs are met, and now you’re trying to budget for your… everything. Click for Reverse Mortgage – The Inspirational Option
Strategize Liquidity with a Reverse Mortgage
A Reverse Mortgage is a solid resource that can complement your existing financial strategies. Accessing the equity in your home now can provide you with tax-free* funds while preserving your portfolio and other investments for the future. Click for Reverse Mortgage – The Strategic Option
Which Reverse Mortgage is best for you?
There are many loan products and terms to choose from. You and your heirs can rest assured, as all loans include:
- Homeowners’ protection – Bless this Address, Inc. only offers Reverse Mortgages that are specifically designed to protect you and your heirs, and will always allow you and your heirs to walk away while the Lender covers any unpaid loan balance after the house is vacated.
- Tax-free proceeds – All cash proceeds are tax-free*, to use however you want.
- Retention of title to your home.
- Third-party counseling that adds an extra layer of homeowner protection.
- Voluntary monthly payment options.
- On-going support.
- Monthly Loan and Line of Credit Balance Statements.
Meet our Broker
Liv E. Kellgren has lived and traveled throughout California.
Integrity and Excellence
With years of experience, she’s built a reputation for delivering outstanding service to clients of all financial backgrounds.
Industry Knowledge
Liv has access to several loan programs, including the FHA-insured HECM, HomeSafe and Choice for 55+, lender-specific 2nd Liens, and other Fixed and Adjustable Rate options.
Client-Centric Approach
Liv listens closely to your needs, delivers personalized service, and offers the best solution that aligns with your financial situation.
“Liv is an absolute joy to work with! She is incredibly skilled and resourceful. She is a creative problem solver who finds ways to offer solutions to put you in the best position possible. She listens well and highly prioritizes the needs of those she works with. She is responsive and acts fast in time sensitive situations. She is not only highly competent and makes sure to get the result you want but also makes you feel cared for throughout the entire process. Plus, she is a total hoot, just so much fun to be around! I give her my highest recommendation!” – Kristin Mauldin
“Liv is a dream to work with, individually and as part of a team. She is sensitive, an attentive listener, and a highly intelligent person who has a talent for considering diverse perspectives. She handles stressful situations with grace. She makes me laugh. She inspires me in a fun way to honor myself, and to push past my limits…” – Mara Schoner
Steve’s Story:
COVID shut down his business. To keep his home and frugal lifestyle, Steve, 78, rented out his other bedrooms, storage space in the garage, spent through his savings, and then maxed his credit cards. Steve’s HECM eliminated his mortgage altogether, and thanks to 20 years of equity in his home, he received both a Lump Sum at Close and a six-figure Revolving Line of Credit**. He’s since paid off all credit cards and has enough space in the garage for his new (used) truck.
Jeri’s Story:
As a botanist, Jeri, 72, was driving from North San Diego County into Mexico 3 days a week to breed roses. She wanted to retire but didn’t know what she would do with her time—She loved her flowers. Her house was paid in full decades ago and currently valued over $1.7 million. After reviewing the extensive proposal, she realized she qualified for over $750,000—tax free*. These funds allowed her to retire and 1) Travel the world, teaching other botanists her techniques; 2) Help build a custom ADA compliant home for her niece.
Janis’s Story:
After selling her home, Janis, 65, was in the market to buy something closer to her grandchildren; Although those proceeds made a solid down payment, her retirement income did not qualify her for a traditional loan. Her children did not want her to move in with them—to be fair, she did not want to live with them either! Her situation called for a HECM for Purchase. She pays her homeowners insurance annually and property taxes twice a year – and never a mortgage payment.