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Peter Tentler - Is a Reverse Mortgage Right For You?

July 17, 2020

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To Read This Episode's Transcript: Click Here

Back with us again is Peter Tentler, Certified Reverse Mortgage Professional and Owner of Independence Reverse Mortgage Solutions. Many of his clients introduce him as "The Financial Locksmith®"​ because he can unlock the equity in your home and help secure your financial future. While reverse mortgages may have a negative stigma, Pete knows this isn’t true. He’s been helping people unlock their wealth since 1994 and carefully listens to each client’s individual needs in order to best assist them. 

In his interview, Pete gives a comprehensive overview of when a reverse mortgage might be the right solution for you. He dispels some myths regarding reverse mortgages and explains why it may be the first time you get excited about higher interest rates. Pete talks in detail about credit line growth rates associated with reverse mortgages. He also shares some case studies where reverse mortgages overwhelmingly helped families. In a time where the market is down but you still may need to leverage your liquid assets, understanding this tool is both relevant and powerful. Be sure to tune into Pete’s interview.

1-Minute Sections:
  • 3:06-4:05: Some of the biggest myths in reverse mortgages.
  • 6:48-7:54: Features of reverse mortgages and their relevance in Covid times.
  • 13:01-14:11: “The Sandwich Generation,” and when you should consider a reverse mortgage.
  • 16:25-17:35: A case study of a couple wanting to downsize while still having a large mortgage.
  • 20:22-21:39: Anecdote explaining to an attorney how reverse mortgages can save people’s livelihood.

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