A Conversation with Karen Keyser, Reverse Mortgages, Caring in America

I was recently interviewed on the Points of Life Podcast to explore a topic that’s often misunderstood—Reverse Mortgages. In this episode, we covered what makes a Reverse Mortgage different from a traditional, or "forward," mortgage, and what it really means to “pay at the end.” We discussed the many options available today, including lines of credit, refinancing, and using Reverse Mortgages as a flexible financial tool during retirement. We also talked about the laws in place to safeguard homeowners, such as mandatory counseling and protections against losing your home, even if property values decline or the loan becomes “upside down.” I shared stories from real borrowers, including my 89-year-old mother-in-law and a divorced borrower at age 65, as well as examples of using Reverse Mortgages to fund travel, purchase a 4-plex, or set aside money for children. We also discussed fees, fluctuating interest rates, and how older homeowners can unlock equity to enhance their quality of life. Whether you're considering a Reverse Mortgage for yourself or want to help a loved one understand their options, this conversation will help clarify the benefits and risks of this modern financial tool.

For more information, you can reach me at 760-803-2075 or karen@thefundingmaster.com. Visit our website at www.pointsoflife.org or explore the Elder Care Resource Guide at http://pointsoflife.weebly.com/guide.html. You can also follow the podcast on LinkedIn at www.linkedin.com/in/richardwexler/ and www.linkedin.com/company/points-of-life/, on Instagram at https://www.instagram.com/pointsoflifepodcast/, or on Facebook at facebook.com/PointsofLifePodcast.