Benny Victory, J.D.
Home Equity Retirement Specialist
NMLS# 486147
6320 Canoga Ave 15th Floor, Office 1535
Woodland Hills, California 91367

About Me
Benny Victory, J.D.
Home Equity Retirement Specialist | NMLS# 486147
1-818-404-2988
- Reverse Mortgage for Purchase
- JUMBO for Purchase
- Reverse Mortgage Refinances
- Proprietary Reverse Mortgages
- The HECM Program
- The HECM for Purchase Program
- HECM to HECM Refinances
Bio
With over 20 years of direct mortgage experience with such Fortune 500 lending institutions as Washington Mutual Bank, Wells Fargo, and Bank of America; I am extremely proud to now be part of the Mutual of Omaha Reverse Mortgage Division. I have personally seen the direct and immediate financial impact, independence, and freedom that a reverse mortgage can provide to seniors, age 62+. Well before assisting seniors with their reverse mortgage needs, I was introduced to this mortgage option, when I assisted my own parents with getting their own reverse mortgage some 15 years ago!
First, that the rate of their balance increasing was much less than their property value appreciation! Second, their home was their single largest asset! Without having access to this money, what difference could their “housing wealth” have to their daily quality of life and financial independence? If I give you a safe with a million dollars and you can never get one dollar out of the safe, how are you a “millionaire?” Third, there would never be ANY risk to them not having shelter, regardless of how much future home values depreciated and their loan amount increased! Simply put, if we managed to pay for their property taxes, and home insurance; (which we would have to do regardless of their having any type of mortgage) they could age in place and not have any issues!
My parents have lived in their own home for the past 45 years! My father passed away 5 years ago and my mom still has her independence, living in her own home. The house has doubled in home value equity appreciation, when compared to the current mortgage balance; and there is no worry about the idea of “nothing being left for inheritance!”
Unfortunately, there is a great amount of misinformation around this program as well as its numerous features and benefits! However, working with a licensed and educated professional, who has your best interest in mind can be a giant step forward in learning if the reverse mortgage is a good option for you to consider. I hope that I can assist and answer the questions that can provide you with the needed facts, for your educated decision on this matter.
Please feel free to contact me to discuss your specific concerns.
Common Examples of What a HECM Can Help You Do
- Purchase a new home to fit your lifestyle needs
- Reduce monthly expenses by paying off existing mortgage
- Enhance your cash flow
- Create an emergency fund
- Fund for home repairs or upgrades
- Fund the expense for caregivers, live-in nurses, or other in-home care
- Protect your retirement portfolio
- Reduce monthly expenses by paying debt
- Incorporate housing wealth into your retirement plan
- Increase cash to help ensure monthly bills are paid
- Reduce the burden of out-of-pocket healthcare costs
- Have the cash for a large expense, such as a vacation or vehicle