Studies show, with the cost of everyday life and inflation, many seniors are wondering if they have enough money to last through their retirement and are leery of going into retirement communities. Many of these seniors may not realize that their home equity likely represents a large portion of their net worth. In fact, homeowners aged 62+ have seen their collective housing wealth increase. Understanding how to strategically and tax efficiently incorporate this wealth into a comprehensive retirement income strategy may be the key to protecting and prolonging their nest egg with the funds needed for long-term care.
My guest today, Steve Sless, who is President of The Steven J. Sless Group of Primary Residential Mortgage, joins us to talk about how a reverse mortgage can fund a more comfortable retirement, leveraging housing wealth during economic uncertainty, and the pros and cons of reverse mortgage loans.
Steve Sless has nearly 20 years of mortgage industry experience, including 13 years devoted to reverse mortgages. He is proud to have been named a Reverse Mortgage Industry “Game Changer” by Yahoo Finance, and to be one of the only mortgage professionals to have earned the CLTC®: Certified Long-Term Care designation.
Steve takes pride in helping homeowners and his team members every day, while leading the dedicated reverse mortgage division of Primary Residential Mortgage, Inc. (PRMI) -- a multibillion-dollar operation founded in 1998 that is poised to become a top reverse mortgage lender nationwide.
Steve also loves to speak out about reverse mortgage strategies as a conference keynote speaker for NRMLA (the national voice of the reverse mortgage industry), at seminars and learning workshops, in videos, and in media interviews.
His passion is educating and empowering homeowners 55+ and their trusted advisors on how the strategic and proactive use of housing wealth with a reverse mortgage can offer advanced retirement income strategies, protecting and preserving a retirement portfolio.
Steve's goal is to dispel myths and common misperceptions about reverse mortgages and show his clients and partners how to achieve peace of mind by helping them to secure the retirement they deserve.
The Steven J. Sless Group is the national division dealing exclusively with reverse mortgages for Primary Residential Mortgage, Inc. (PRMI) – a nationwide, multibillion-dollar operation founded in 1998. Their focus is providing equity-based retirement solutions.
Because reverse mortgages are just part of the equation, The Steven J. Sless Group has an extensive network of strategic partners – financial planning, long-term care planning, estate planning, tax & insurance professionals – available to further assist their clients on a referral basis.