Your Reverse Mortgage Specialists

Stay in your home, own your home and get rid of monthly mortgage payments!

Reverse Mortgages enable homeowners age 62 and over to borrow against the equity in their homes without having to sell the home, give up the title or assume a new monthly mortgage payment. The name “reverse mortgage” is appropriate because the payment flow is reversed: instead of you making monthly payments to a lender (like a regular mortgage), the lender makes payments to you.



Who THEY'RE for:

  • Homeowners at least 62 or older with built-up home equity

  • Senior homeowners in need of cash flow to cover other expenses

  • Senior homeowners who want to eliminate mortgage payments

  • Borrowers who want to have improved quality of life


  • No more mortgage payments for life

  • Supplement retirement income

  • Make home improvements or repairs

  • Pay property taxes

  • Cover or pay off medical expenses

  • Ability to travel

schedule your Free no-obligation Consultation! 

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Lenny Severs
Reverse mortgage specialist - VANCOUVER

NMLS# 507150
Phone: 360.521.5901



Georgina Olsen

NMLS# 11910
Phone: 509.220.5168


For additional information or to schedule a complimentary consultation on the benefits of a Reverse Mortgage, simply complete the form below and then click the Submit button. We look forward to partnering with you to achieve your goals!


Is there more than one type of Reverse Mortgage?

There are two basic types of Reverse Mortgages to consider:

  • Home Equity Conversion Mortgages, know as HECM, are what make up the majority of Reverse Mortgages. These are insured by the Federal Housing Administration in addition to HUD and can provide a greater loan advance than other reverse mortgages. They may include a line of credit that can appreciate.

  • Private Cash Account Reverse Mortgages typically apply to homes with an appraised value in excess of $500,000. While this loan may have higher closing costs, it still has the same options for distribution. A line of credit may be offered as an added benefit.

What kinds of homes are eligible for reverse mortgages?

The property must be a single family or a two-to-four unit dwelling. This eligibility includes detached homes, town homes, condominium units, planned unit developments (PUDs) and some manufactured homes (built after June, 1976). All homes must be the borrower’s primary residence and meet HUD minimum property standards (in some cases, home repairs can be made after the closing of the HECM).

Can we get a Reverse Mortgage if we have an existing mortgage?

Yes, although your new Reverse Mortgage must be in a first-lien position so any existing indebtedness must be paid off. You can pay off the existing mortgage with proceeds from your Reverse Mortgage, money from your savings or assistance from a family member or friend.

Since a Reverse Mortgage is a loan, when must it be paid back?

There are no monthly payments due on a reverse mortgage as long as it remains outstanding. The loan is due and payable only when you no longer occupy the property as your principal residence or fail to comply with the loan agreement. There is no requirement that the property be sold, only that the loan be repaid. If the home is sold and proceeds from that sale exceed the amount owed on the Reverse Mortgage, that excess money goes to you or your estate.

Are there restrictions on how Reverse Mortgage proceeds can be used?

There are no restrictions on how it can be used because the money is 100% yours. You can use the proceeds any way you want, including to pay off existing bills and credit cards, remodel your home, buy a car, take a vacation or simply to retire in comfort.


"I had no idea a Reverse Mortgage could be so beneficial."

- Gina, OR


One of our experience Reverse Mortgage Specialists would be happy to sit down with you and go over all of your options during a free, no-obligation consultation.



For additional information or to schedule a complimentary consultation on the benefits of a Reverse Mortgage, simply click the Request Info button below and submit the form. We look forward to partnering with you to achieve your goals!