303.233.4500 [email protected]
I have been in the mortgage business for about 20 years and I originated my very first Reverse Mortgage back in 2005.

I feel Reverse Mortgages are the best kept secret in mortgage lending…there simply isn’t a loan that has this amount of flexibility or allows for more options to the homeowner. Now while it’s not for everyone, the Reverse Mortgage is an underutilized product in the Mortgage Lending world. With 10,000 people every day turning 65 years old and more than half of those with mortgage debt…it’s time to put fresh eyes on this program.

Simply stated a Reverse Mortgage is a loan secured to the house where the homeowner remains on title and they can use their equity to extinguish existing monthly mortgage payments and/or have access to additional cash all while never making a monthly mortgage payment.

I believe in reverse mortgages and I love working with my clients because this loan creates monthly cash flow and security at a time in life that is super important to folks. I get a lot of satisfaction when I see my clients at the closing…knowing that they will never have another monthly mortgage payment in this house – and maybe even have access to additional cash if needed. Talk about a sense of Financial Freedom for homeowner’s who may have been making monthly mortgage payments for the past 30-40 years or more!

But most importantly they can age in place without all the normal pressures. Look, for most people their house is their biggest asset, why not use that asset responsibly to help insure their financial stability for the rest of their lives.

Here is what people don’t get, for the right situation this loan is a game changer – because it creates cash flow and it allows homeowners to use their retirement Income buckets more wisely thereby creating more longevity and more liquidity.

With new changes to the HECM Reverse Mortgage program from HUD since 2013 – a Reverse Mortgage now more than ever can be an important tool and should be a part of retirement income planning for more folks.

Contact me for more information.

Tim Oddo, Reverse Mortgage Specialist
Littleton, Colorado
[email protected]