121: Reverse Mortgages: How They Work & How They Can Help You with Angela Wyckoff

In this episode of Saving With Steve, host Steve Sexton is joined by Reverse Mortgage Advisor, Angela Wyckoff, who works with Reverse Loan Solutions.

In the last year we have all seen costs go up, and many people in retirement are finding it harder and harder to keep up financially. Today, we are joined by 20-year veteran of the mortgage industry, Angela Wyckoff, who works with Reverse Loan Solutions. She talks all about how to access your equity in your home using a Reverse Mortgage, and walks us through the transaction, dispelling myths and misinformation.

Angela Wyckoff is not just a Reverse Mortgage Advisor, she is also a wife and mother to 3. She is very passionate about helping people, and with over 20 years’ experience, Angela prides herself on educating seniors and walking them through the often “intimidating” task of how to effectively set up a Reverse Mortgage to best fit their needs.

A Reverse Mortgage is extremely personal, and is a loan specifically customized to help seniors from outliving their money and to be able to age in place safely.

95% of her business comes from referrals, past clients, as well as real estate and financial professionals. Two-thirds of her clients understand the value of a Reverse Mortgage and WANT one, before they NEED one.

The TRUTH is, any licensed Loan Officer can do a Reverse Mortgage. The KEY is knowing how to properly structure it. Many Loan Officer’s do not take the advanced training necessary to ensure your needs are met.

Sadly, many of the recommendations given, are based on the commission possible versus what is best for the senior. Having an Advisor, like Angela, is key to getting the Reverse Mortgage that fits your goals from the start. Book a time to chat with her about how a Reverse Mortgage can best serve your needs.