About MeMary Jo Lafaye
Home Equity Retirement Specialist | NMLS# 246222 | 1-650-440-8934
Mary Jo Lafaye is a certified Home Equity Retirement Specialist with Mutual of Omaha Reverse Mortgage in Northern California. Prior to her current position, Mary Jo was a branch manager in the reverse mortgage department of Security One Lending and before that, a HECM and jumbo reverse mortgage originator and Leader’s Club member at Well Fargo Home Mortgage. Mary Jo has been asked to train Private Bankers and Wealth Management Advisors on the most effective ways to employ Housing Wealth to create Cash-flow and Liquidity for better financial outcomes throughout one’s retirement. These flexible financial tools offer access to a repayment-deferred line of credit, and mortgage payment elimination as a financial planning and retirement tool. Mary Jo is well-known as a trusted resource for retirees – she has taught HECM concepts to real estate finance students at the College of San Mateo and to those seeking their SRES designation. She has participated in panel discussions and delivered hundreds of seminars and talks to groups ranging from the Retired Firemen’s Association, Kaiser Permanente, Rotary Clubs, Santa Rosa CPA Discussion Group, FPA, NAPFA, PFAC, IDFA, AAML and beyond. Mary Jo is also certified to offer continuing education credits (CE) to financial advisors, MCLE to legal professionals, and H4P certification to Realtors.
Common Examples of What a HECM Can Help You Do
- Purchase a new home to fit your lifestyle needs
- Protect your retirement portfolio
- Reduce monthly expenses by paying off existing mortgage
- Reduce monthly expenses by paying debt
- Enhance your cash flow
- Incorporate housing wealth into your retirement plan
- Create an emergency fund
- Increase cash to help ensure monthly bills are paid
- Fund for home repairs or upgrades
- Reduce the burden of out-of-pocket healthcare costs
- Fund the expense for caregivers, live-in nurses, or other in-home care
- Have the cash for a large expense, such as a vacation or vehicle
“I have not met as competent and prepared reverse mortgage specialist as Mary Jo. As a broker, there is only one person I will call. That's because I know that anyone I refer will be handled with the utmost care. When I seek the information myself, Mary Jo helps me look amazingly knowledgeable with my clients. She is everything I look for in a professional when I consider aligning my business and theirs.”
“Mary Jo is the go to expert. She's successfully tracked all the complex industry changes and all the product options that work best for who. She's taken really good care of those I've referred to her. Thanks, Mary Jo!”
“Mary Jo is my go-to person for everything concerning Reverse Mortgages. Not only can I rely on her for up-to-date information on industry regulations and products, I know she will take good care of my clients answering all questions and provide details on options and costs.”
“As Director of Bus Dev with Home Instead Senior Care, Mary Jo is a trusted, valued resource who helps my clients to strategize how best to afford the elder care they require - which enables them to remain in their residence with personal care to keep them safe in their home.”
“I have referred several people to Mary Jo, and they have all raved about her. A couple of them were rather complicated, but I witnessed how she worked closely with them to guide them through the process. I have a much better understanding about the pros and cons of reverse-mortgages after spending time with Mary Jo. She definitely knows her stuff.”
“The world of reverse mortgages has changed significantly over the years and I suspect that with boomers aging and the early Gen-Xer's stretching towards retirement age it will continue to evolve. That means you need an expert. Call Mary Jo Lafaye and make sure you get it right.”
“For my wife and I, our HECM is like having our cake and eating it, too! Working with Mary Jo and her staff was truly the icing on the cake: we felt informed and respected every step of the way.”
“My HECM is really the best thing that’s happened to me! While I had carefully planned for retirement, I hated paying the extra tax if I wanted to do something special and needed to take more from my IRA than the yearly minimum. Now I have the freedom to do what I want, like take that special trip or redecorate—tax-free, which is really the most marvelous part. It’s left me mentally at ease. Thank you, Mary Jo!”
“It has been a pleasure working with Mary Jo. She was able to answer our questions about a reverse mortgage in an articulate, expert way while spending time to understand our needs. Her enthusiasm and professional approach made it clear that a reverse mortgage was a good solution for us and that was the person we wanted to work with. I'm happy to recommend Mary Jo to those considering a reverse mortgage.”
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