A reverse mortgage gives homeowners 60+ access to the wealth tied up in their home while they still own and continue to live there. If you're retired or close to retirement, your home equity likely represents a large portion of your net worth. Understanding how to strategically and tax efficiently incorporate this wealth into your retirement plan may be the key to protecting and prolonging your nest egg.
Homeowners 60+ have several choices when it comes to how best to access their home equity with a reverse mortgage. Explore the boxes below to determine which option may benefit you the most. Reverse mortgages can be used in multiple ways to accommodate your lifestyle needs. Watch the videos in the boxes below to better determine how you can achieve your various goals.
Homeowners 60+ have several choices when it comes to how best to access their home equity with a reverse mortgage. Explore the boxes below to determine which option may benefit you the most. Reverse mortgages can be used in multiple ways to accommodate your lifestyle needs. Watch the videos in the boxes below to better determine how you can achieve your various goals.
Services
Reverse mortgages are our niche and we are at the forefront of evolving reverse mortgages into the strategic tool they are now considered to be. With a combined 85 years of experience, we take pride in moving the industry forward through advance conversations on securing a better retirement by accessing housing wealth.
With a Home Equity Conversion Mortgage (HECM) - more commonly known as a reverse mortgage - the lender pays the homeowner 62+ instead of vice versa with a traditional mortgage. A reverse mortgage provides the means to turn the housing wealth you have accumulated through the years into cash - without having to sell your home or pay additional monthly bills.
Reverse mortgages provide qualified homeowners access to home equity, while retaining ownership of their home. These loans are designed to provide increased liquidity, accessibility and flexibility for homeowners 60+. The loan is called a "reverse mortgage" because instead of making monthly payments to a lender - as with traditional mortgages, the lender pays the borrower.
The Steven J. Sless Group is proud to host seminars and learning workshops for homeowners 60+, their family and trusted advisors. Whether in-person or virtual, our events explore the nuts and bolts of reverse mortgages. Steven presents the facts, dispels common myths and misperceptions, and takes the time to answer questions.
PRMI is an Equal Housing Lender. Some products and services may not be available in all states. Credit and collateral are subject to approval. Terms and conditions apply. Programs, rates, terms, and conditions are subject to change and are subject to borrower(s) qualification. This is not a commitment to lend.
Reviews (13)
James Zeal Nanbur
Dec 10, 2021
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The best decision you'll ever make financially is investing with Mrs Emily Alison I was scammed twice and I didn't want to have anything to do with trading until I met her and she changed my mind.I have made profits from the first and second stage and I'm currently expecting $15000 from the third stage, I'm greatful ma'am. you can reach her in Email: Emilyalison691@gmail.com WhatsApp +14343732110
Dale Timian
Nov 28, 2021
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Sam Millman was our contact throughout our reverse mortgage process. He was very attentive during all the steps we needed to take to complete the process. He was very clear in what was required of us and followed up all along the way. We recommend Sam to anyone contemplating applying for a reverse mortgage.
Judy Speicher
Nov 19, 2021
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Rena Brooks
Nov 19, 2021
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Barbara Wheeler
Nov 18, 2021
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Sam Millman has the patience of Job and a congenial personality! We started the process to refinance our Reverse Mortgage with Sam about 6 months ago. Everything moved along well until we got to the appraisal process. Sam was finally able to get an appraisal scheduled about 3-4 months into the process. Unfortunately, FHA required a second appraisal and we were back to ground zero. I do not know how many calls and emails Sam had to make before we were finally able to close this new loan.
Sam was always encouraging and positive in our conversations, which was extremely important in making us feel
Sam was always encouraging and positive in our conversations, which was extremely important in making us feel
Linda Lamphere
Oct 26, 2021
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Sthembiso Masinga
Oct 15, 2021
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I have never believe in bitcoin since I was scammed on April 10th so I stayed away from it because losing money is heart breaking, until I was recommended to MRS Shirley Wayne by a close friend for her good job, she helped me managed my account and I was able to make a good withdrawal after a week of trading right now I have made so much money on crypto currency it has change my life for good inbox her now for your help. EMAIL: shirleywayne222@gmail.com WhatsApp:+15034898512
Kelly Garvick
Sep 26, 2021
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When I decided to do a reverse mortgage The Steven J. Sless Group was highly recommended. I had the pleasure of working with Sam M. He was professional, friendly, and patient. He answered questions and never seemed rushed to end a conversation. He called to ensure that the initial application, appraisal and closing was scheduled and completed with no issues. Sam responded to any emails or phone calls quickly and helped ensure the correct paperwork was completed. I would highly recommend Sam and the Sless group for your mortgage needs.
William Shelton
Sep 07, 2021
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Mary Avery
Aug 03, 2021
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I was fortunate to have had Sam Millman from this group assist me through a refi on my reverse mortgage. I was bedridden and awaiting spinal surgery at the time and needed extra assistance that he provided quickly and smoothly, even though we were on opposite sides of the country. He was always available for questions. I couldn't have asked for a better assist.
Janice Patteson
Jun 19, 2021
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Robert Sklar was knowledgeable, kind, courteous, and extremely interested in my concerns and questions. I never felt rushed when talking with him. He actually made me feel as if I was his only client and I am sure he made his other clients feel the same.
This was an extremely emotional time for me, since I recently lost my husband. He did everything possible to make things simple for me. I believe Robert genuinely cared about my circumstances. It is unusual to find someone these days who has patience with senior citizens.
Robert is very well qualified in reverse mortgages and answered all my
This was an extremely emotional time for me, since I recently lost my husband. He did everything possible to make things simple for me. I believe Robert genuinely cared about my circumstances. It is unusual to find someone these days who has patience with senior citizens.
Robert is very well qualified in reverse mortgages and answered all my
Steven Bryant
Apr 03, 2021
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Steve is exactly the person you want when considering a reverse mortgage. Not only is Steve extremely knowledgeable about reverse mortgages and is able to answer all your questions, but his approach with clients is what I enjoy most about working with Steve. We like to say he "Holds our clients hands" throughout the process which is extremely important during times of divorce when so many things are uncertain. His communication, response time and follow up is also second to none. Steve is the best in the business when it comes to reverse mortgages!
Trisha Yingling
Jan 10, 2018
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