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Tom MacDonald

Reverse Mortgage Advisor

NMLS # 210661

(775) 234-2355

5470 Kietzke Lane
Suite 300 | Office 320
Reno, NV 89511

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About Me

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Sometimes referred to as “Reverse Mortgages for Seniors” or as “Reversed Mortgages”

In the 10 years I have been doing Reverse Mortgages, I have frequently heard a client say they were going to use up their savings before they considered a Reverse Mortgage. I didn’t think anything of it at the time. It seemed reasonable.

Although reverse mortgages may not be the right solution for everyone, I believe anyone age 62 or older should know of their existence and have some current, accurate knowledge of how they work. In general, I think of a reverse mortgage as a cash flow instrument. If you have plenty of non-taxable cash flow to live the way you wish, then a reverse mortgage would likely not make any sense. If you find you cannot do all you wish, then a reverse mortgage may be worth investigating.

I think you’ll find these videos as a nice, quick introduction to the subject of Reverse Mortgages. I am hoping to educate you on some new facts that you may have not heard of yet!

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Reverse Mortgage & Hedging Against Dropping Home Values

Should You Draw Down Savings Before Doing a Reverse Mortgage?

Reverse Mortgages
& Growing Line of Credit

Reverse Mortgage & HELOC Resets

Reverse Mortgage Payments

Tom MacDonald Interview on All Things Napa

Refinancing Reverse Mortgages

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
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