Sierra Home Mortgage

03/04/2026

From Allaire Elder Law

In the world of elder law and Medicaid planning, there is another reason to use a reverse mortgage. If there is no other way to protect the house, then a reverse mortgage is an option to allow the value of the property to do some good. The typical situation is a single homeowner who wants to remain in their property, but needs long term care they cannot afford. This person goes onto Medicaid, which will then pay for their home care. The reverse mortgage money is available to help pay for the expenses of the home, or additional caregivers. But that money

does not need to be spent down before qualifying for Medicaid! As long as money from the reverse mortgage is never mixed with money from anywhere else, such as income, then it does not count towards the asset limit, which is typically $1,600. If the person on Medicaid cannot pay all their living costs on just their income, this is a way to have some savings as well. That way the home owner does not have to go live in a nursing home for purely financial reasons.

The benefit to the reverse mortgage is therefore that there are no monthly payments, ever. It is a great way to be able to use the value of the home in order to afford to stay there, if there is no other way to afford it. Of course, if you outlive the money the bank lends then there is

no way to afford to live there, and the house really must be sold. For this reason it does not make sense for younger people to take these out. At least not if the point is to be able to pay for the bills of the home. If you can’t afford the place, downsize. But if you are older, and having just a little extra cash will allow you to live the rest of your days in your own home, then it makes sense.

02/20/2025

Tax season is upon us. Did you know that the money you get from a reverse mortgage is tax free?

Regardless of how you get your funds- either through a lump sum, monthly tenure payments, draws from your line of credit or a combination of all of them. They are all tax free.

A reverse mortgage is a great way to supplement your income during retirement.

To see what a reverse mortgage can do for you, give Bryan Wild a call at (925) 788-8949.

10/16/2024

I love getting my customers into new homes! Give me a call if you want to be next! 925-788-8949

7 days- not bad :) 😀

05/21/2024

Questions retirees need to ask as inflation strikes home...

Older homeowners struggling to pay their monthly bills should consider the following questions:

If I don’t tap into my home equity will we be a financial burden to our children?

Does selling and relocating to a new home make financial sense?
Would getting a HELOC to access cash be the best choice when it only adds to my monthly payments?

Do I want to return to work? If so, am I mentally and physically prepared to do so?

Would my children prefer that we live comfortably and be financially independent instead of inheriting the home?

Not everyone has the equity required to qualify for a reverse mortgage. But for those who do the flexibility of the loan and the boost to their monthly cash flow may be just the answer they’ve been looking for.

Give Bryan Wild a call and we can go over some of these questions for you. Office- 530-677-5484 or Cell - 925-788-8949.

04/16/2024

I opened up my computer to this email this morning. I love emails like this.

Thank you Mr. Howard. And I wish you a wonderful retirement!

03/26/2024

Sierra Home Mortgage is putting a spotlight on the Sandwich Generation.

The sandwich generation is a term used to describe adults who are simultaneously raising children and supporting their aging parents. The term comes from the idea that middle-aged adults are "sandwiched" between their dependent children and their dependent parents

As raising costs force family dynamics to change, parents might want to look at Reverse Mortgages as a solution to help with difficult financial situation.

Call (925) 788-8949 to learn how a reverse mortgage can help.

https://www.investopedia.com/terms/s/sandwichgeneration.asp

As thousands of Baby Boomers reach retirement each day, the population of middle-aged adults who are becoming wedged between the financial responsibilities of their own nuclear family and those of their parents are also steadily growing. Those currently in the Sandwich Generation are juggling their retirement portfolios while simultaneously financially responsible for their aging parents who may live on limited income and carry debt.

Instead of rearranging their own financial plans to meet the needs of their parents, members of the Sandwich Generation can discuss with their parents how a reverse mortgage may help to fill the financial gaps in their parents' retirement.

For many retirees, the equity they've built up in their home can be their most valuable asset, and unfortunately, the most overlooked.

Utilizing a reverse mortgage, homeowners 62 and older can access their home equity to preserve savings, increase cash flow and relieve financial stress.

The sandwich generation refers to middle-aged individuals who are pressured to support both aging parents and growing children.

11/28/2023

Something this author doesn't mention about the costs is the ability of reverse mortgages to achieve multiple different financial goals. Often, a reverse mortgage will act like an annuity (without having to pay into one for years), HELOC (that grows!) or a portfolio preserver. For inquiries on what a reverse mortgage can do for your, please call 925-788-8949.

FAR VP of Retirement Strategies Steve Resch offers thoughts on the reverse mortgage value proposition as explored by financial advisors.

02/14/2023

Cool little video that was made to talk about some of the many things a reverse mortgage can do. If you have questions about reverse mortgages for you or your parents, please call me at 925-788-8949.

Just a little video introducing you to some of the many advantages to a reverse mortgage. For specific questions, please call Bryan Wild at 925-788-8949.

10/04/2022

More and more articles are showing the benefits of reverse mortgages in this market.

To see how a reverse mortgage can benefit you, please call 530-677-5484.

Reverse mortgages are on the rise this year amid high inflation.