About Me
Is a Reverse Mortgage right for you?
It can be daunting making a major decision concerning your biggest investment, the place that means the most to you. Deciding whether a reverse mortgage is right for you takes much thought and consideration. I hope that the material on my website helps you in this endeavor, and even better, that I have the opportunity to get to know you and serve your financial goals personally. Please don’t hesitate to contact me today for a no-obligation reverse mortgage evaluation. I would love the opportunity to speak with you.
About Me
I’m Cheryl McCarthy, a Reverse Mortgage Loan Officer with Mutual of Omaha Mortgage. I am originally from Long Island and New Jersey. I moved to the vibrant community of Alameda and it is my forever home. I serve Alameda and the greater San Francisco Bay Area, California, Connecticut and New Jersey, guiding homeowners aged 62 and older toward a more fulfilling retirement through personalized Home Equity Conversion Mortgage (HECM) solutions, also known as a reverse mortgage.
My Approach
With over 30 years of experience in banking and finance, I’ve built my reputation on a foundation of trust, integrity, and a genuine passion for empowering seniors in their retirement journey. My approach is centered around education and a “no-pressure” philosophy, ensuring that you feel fully informed and comfortable every step of the way.
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
Yes, you can still leave your remaining home equity to your heirs, including future appreciation. Just like any other retirement asset you tap to fund your golden years, home equity often continues to grow as you benefit from all you have accumulated over past decades.
Whether you need to eliminate a conventional mortgage, thereby freeing yourself from the burden of a monthly mortgage payment to increase your cash flow, or if you are simply looking to establish a federally insured, growing line of credit as a liquidity tool, I can answer all of your questions and educate anyone that you may look to for guidance so they can advise you more effectively.
Let’s Connect
I am licensed to originate reverse mortgage loans in California, Connecticut and New Jersey.
Thank you for considering me as your partner in navigating the possibilities of a reverse mortgage. Together, we can unlock the potential of your home equity to secure the retirement you’ve envisioned.
