Reverse Mortgages: Explore Your Options | Guiding You Forward

Still have questions about reverse mortgages? Heather Wasden, mortgage officer at Mountain America Credit Union, is back in the podcast lounge to talk about why she thinks this financial tool is an unsung hero.

Watch the video and learn:

• Which options you have for receiving the money from a reverse mortgage.
• How to set up a LESA account to help pay your property taxes and homeowners insurance.
• If a reverse purchase may be the best way to buy your next home.

We’ve already talked about how you can use a reverse mortgage to help with a multitude of costs, including medical expenses, home repairs or even a new car for your neighbor! But did you know you can receive your money in several different ways? Heather discusses all the options in this podcast video—and what you should consider before you decide.

What in the world is a LESA account? Learn more about what it is and how pairing this account with a reverse mortgage can give you more peace of mind!

A little-known fact of a reverse mortgage? You can use the money to purchase a new home! That’s right—it’s called a reverse purchase. As long as the new home is your primary residence, and you meet the other requirements of the reverse mortgage, this can be a great financial strategy. Get the details here.

Watch this episode of the Guiding You Forward podcast to find out if a reverse mortgage is right for you or a family member.