Scott Senner, Reverse Mortgage Lending

07/09/2026

01/27/2026

Your plan for financing your retirement years may include social security, investment income, and maybe a pension, but have you stopped to consider that all the home equity you have built up over the years can be the "fourth leg" of your retirement "chair"?

Check out todays tip and learn a little more about how that equity can be a "backstop" for you.

Questions? Please give me a call at 405-210-5110 and we can discuss in more detail. Thanks, Scott Senner, Interlinc Mortgage Reverse.

09/30/2025

"I heard that if I get a reverse mortgage, the bank will take over ownership of my home. That does not sound right, but I have seen and heard that from multiple sources."

So, to be very clear (and loud for those in the back!): the bank DOES NOT take over ownership of your home if you get a reverse mortgage.

On todays short (2 minute) video, I explain that:

- You maintain ownership of your home
- Your name is still on the title (by yourself or with spouse, not the bank)
- The bank DOES NOT own your home. You do.

A reverse mortgage is a loan, just like what you have had in the past. The difference being that with a reverse mortgage, you are not required to make a payment.

Check out todays video, lots of great information.

If you are doing your homework about whether a reverse mortgage might be appropriate for you or a loved one, please give me a call at 405-210-5110, or email to [email protected]. I would be happy to discuss in more detail.

Thanks, Scott Senner Interlinc Mortgage Reverse

09/30/2025

"If I were to get a reverse mortgage, how do I get my money? Is it paid monthly? Given to me all upfront? Or some other way?"

One of the great features of a reverse mortgage is that the payments you receive are flexible to meet your particular situation.

Some people prefer the added income of a monthly check. Others prefer to have a big lump sum upfront to take care of some need or desire. Even more prefer the "line of credit" option and don't take any money upfront at all. They just want the security to know they can access cash at any point in the future if they need it.

The choice is completely up to you.

If you are doing your homework about whether a reverse mortgage might be appropriate for you or a loved one, please give me a call at 405-210-5110, or email to [email protected]. I would be happy to discuss in more detail.

Thanks, Scott Senner Interlinc Mortgage Reverse

09/30/2025

"I am thinking about a reverse mortgage, but I still owe money on my home. Am I out of luck until my home is paid off?"

Short answer to this super common question: NO

On todays short (2 minute) video, I clear up a common misconception that your home needs to be paid off before you can get a reverse mortgage.

In fact, most people would be surprised to know that not only can your current loan be paid off with a reverse mortgage, but it can also be used to pay off other debts you may have as well.

If you are doing your homework about whether a reverse mortgage might be appropriate for you or a loved one, please give me a call at 405-210-5110, or email to [email protected]. I would be happy to discuss in more detail.

Thanks, Scott Senner Interlinc Mortgage Reverse

09/30/2025

"Do I need to have excellent credit to qualify for a reverse mortgage? My credit is not terrible, I just don't have a lot of it. Really have not needed to borrow money for a long time."

On todays short (2 minute) video, I explain that a credit score is not the "end all, be all" way we evaluate a borrowers credit hisory.

If you have a current mortgage, we will like to see that the payments have been made on time and we will not like to see liens or judgements, but even then, it may be possible to make that work.

Bottom line of todays topic: Do not pre-judge your credit. We evaluate a senior borrower for a reverse mortgage completely differently than we do a 25 year old buying their first home.

If you are doing your homework about whether a reverse mortgage might be appropriate for you or a loved one, please give me a call at 405-210-5110, or email to [email protected]. I would be happy to discuss in more detail.

Thanks, Scott Senner Interlinc Mortgage Reverse

09/30/2025

"If I get a reverse mortgage, is it possible that I could ultimately have a balance a lot higher than what the home is worth? I don't want to leave my heirs a huge debt to deal with."

Regardless of which side of the aisle you are on, most people are of the opinion that the federal government can have a tendency to over-regulate and, occasionally, take some really stupid and anti-consumer actions.

However, one thing the Feds absolutely nailed was adding protections inside of the Reverse Mortgage program that makes it completely impossible for a senior citizen, or their heirs, to owe more money on the home than what it will sell for.

On todays short (2 minute) video, I give more details about this protection and how it is a huge benefit for senior citizens.

If you are doing your homework about whether a reverse mortgage might be appropriate for you or a loved one, please give me a call at 405-210-5110, or email to [email protected]. I would be happy to discuss in more detail.

Thanks, Scott Senner Interlinc Mortgage Reverse