Mike Leech Reverse Mortgage Specialist Smart Home Lending, LLC NMLS 319916

10/29/2026

WHAT THE BIGGEST PROBLEM WITH A REVERSE MORTGAGE?
* It's not that the lender owns your home- It's like any mortgage, they do not own your home, they just put a lien on your home. You sell it, you get the equity!
* It's not if the balance exceeds what your home is worth, they will foreclose on you. The term of the loan is 50 years past your 100th birthday. As long as you pay your property taxes, keep Homeowners' insurance on it, maintain the home and keep it as your primary residence, you can stay in the home up to your 150th birthday!(Even if you live that long, they would extend that)
* It's not by the time you pass, there will be nothing left for the kids, but debt. Chances are with the home appreciation and rates, there will be equity left for the children. Also, it's a non-recourse loan which means you or your heirs will not owe more than what the home is worth.
* It's not that it is a scam. The Reverse Mortgage is regulated by HUD and insured by FHA. Plus HUD requires that the borrower go through independent counseling to make sure the borrower understands the program. Seniors are a protective class and there are many protective measures in the program.
* It's not the program is just for those that are cash poor and house rich. Although the reverse mortgage has helped many seniors that need to increase their cash flow, more and more are utilizing the reverse mortgage line of credit in their retirement strategy. Managing their sequence of return risk, as a buffer asset for unexpected expenses, bridging the gap on waiting until you reach 70 to maximize your social security income, or a tool for in- home care down the road.
WHAT IS THE BIGGEST PROBLEM WITH A REVERSE MORTGAGE? It was because of all the misinformation that you heard about it. But, now you know a little more. Reach out to get a personalized plan on which of the many options would be better suited for you.

09/28/2026

I just read an article by David Nield of Science Alert. It was research that showed the best way to strengthen our bones over 40. As we age, that is one of our biggest fears is a fall and broken bones. This article pointed out that brisk walks are the best way to strengthen our bones. Walk 30 minutes a day. No equipment needed, just walk, briskly. It can save you from what happens to thousands that end up in the hospital because of broken bones.

02/06/2026

No, it didn't snow again, Hash Brown just draws a crowd and I have a very important question for those Seniors that have retired or thinking about retiring. What's the first thought that goes through your mind when you hear the term Reverse Mortgage? If it's negative, you need to learn where it is today or you might be losing a huge opportunity. There were problems with it in the past, but they have made so many changes to it to safeguard us seniors and now it has so many options and protections. To find out more go to comments

03/28/2024

Reverse Mortgages are the most innovative mortgage product out there and it's also the most misunderstood. Get the truth

02/07/2024

Thanks to advances in medical science, more and more people are making it to 100 and longer. In 1950 the U.S. Census Bureau estimated there were 2,300 Americans aged 100 and up. This year there is an estimated 101,500 people in the U. S. 100 and up.
Because of living longer, inflation, property taxes and homeowners insurance going up, almost 50% of retired citizens are concerned that they have not saved enough to last them the rest of their life. It's becoming more difficult to age in place. A reverse mortgage can greatly increase your confidence of being able to live in your home for the rest of your life!
There are a lot of myths our there about Reverse Mortgages,, let me show you the truth about Reverse Mortgages and how they have benefited thousands of Retirees. Everyone that are 62 and older, plus own a home, should understand the benefits of the Reverse Mortgage, You might decide that it's not for you, but understand it, so you can make the best decision for your situation!
Find out more at my website

I have over 30 years in the industry and I am more than equipped to handle all of your mortgage needs! It gives me great pleasure to specialize in Reverse Mortgages, helping Seniors in Kansas, Missouri, Texas and Florida. In my 30 years, I have gotten great satisfaction in helping first time homebuy...

01/22/2024

“Reverse Mortgages Are No Longer Just for Homeowners Short on Cash” This is an article that appeared in The New York Times last April, written by Susan B. Garland. In the article, she states “ Taking withdrawals from investment accounts during market downturns, especially early in retirement, can wreck havoc on the longevity of a portfolio. Instead of locking in losses, a retiree who uses a “coordinated strategy” could cover expenses and protect savings by pulling tax free funds from a reverse mortgage when markets drop, according to several studies.
Basically, taking withdrawals from an already down portfolio, reduces the assets to give you the compounding effect on those lost funds, especially early in your retirement. David Sacks, a pension lawyer who conducted studies that showed using a reverse mortgage during mortgage downturns could help portfolios stay on track. The article further states that Mr. Sacks stated that this strategy works best for retired homeowners with investment portfolios of $500,000 to $1.5 million.
Reverse Mortgages give you a choice of pulling a percentage of your equity in one lump sum, a set amount each year for life or even a set number of years, a line of credit or a combination of. It’s the line of credit that would work best for the “coordinated disbursement strategy “ You can set up this line of credit early, you are not charged interest on the line of credit until you use it. In fact, it does the opposite. The line of credit grows at the same rate of your mortgage rate plus .5% So, while it’s sitting there and is available for a down market, unexpected expenses, or even helping a family member, the line of credit is growing. Plus, you don’t have to pay any mortgage payments if you don’t want to.
If you would like for me to send you a copy of these articles, let me know. Please like my page and go to my website, learnreversewithmike.com , lots of information on it.
Mike Leech NMLS # 319916 Smart Home Lending, LLC NMLS #236734

01/15/2024

Just closed on a Reverse Mortgage for a wonderful 82 year old widow. She needed a new roof and pay off some credit card debt. so she could live day to day on her social security income. With inflation, property taxes rising and groceries going up, it's dwindling the money that she has saved for retirement. I used the reverse mortgage line of credit for her. At closing she got enough to pay for a new roof and pay all her credit card debt. She also was able to pay her property taxes and homeowners insurance. With the Line of Credit, she will have enough each year to pay her property taxes and homeowners insurance as long as she stays in the home. The line of credit grows at the same rate as the mortgage is at. So in this case it continues to grow, even paying for those items and is there for other emergencies. She has removed the fear of not being able to stay in her home in her later years.
Please like my business page and learn even more by going to my webpage www.learnreversewithmike.com If you rather, reach out to me and I can lay out a clear plan for you, so you can see if it make sense for you.
nmls #319916 licensed in KS, TX, MO, FL

I have over 30 years in the industry and I am more than equipped to handle all of your mortgage needs! It gives me great pleasure to specialize in Reverse Mortgages, helping Seniors in Kansas, Missouri, Texas and Florida. In my 30 years, I have gotten great satisfaction in helping first time homebuy...

01/03/2024

At this stage of my long career in the mortgage business, I started helping seniors at my church to improve their retirement years with their home equity. It's been one of the most gratifying endeavors that I have had in the mortgage business. Helping people age in place. So, I decided to expand outside of Kansas and see if I can help my friends in Texas. Actually, the Reverse Mortgage is the most innovative mortgage product and also the most misunderstood. My goal is to get 100 likes on my business page. I hope to help as many people as I can by educating them about this incredible product. On my business page, I will post interesting articles, information and actual situations that I helped people with. So, the reverse mortgage is not for everyone and might not be for you, but maybe if you understand it and share the information, you might get the gratification that I get when you help a relative, friend, neighbor , etc. by sharing my information.

12/15/2023

25 Ways to Use a HECM

A reverse mortgage is a versatile retirement funding tool that can be utilized in many ways. Here are just some of them:
1. Pay off your forward mortgage to reduce your monthly expenses.
2. Re-model your home to accommodate aging limitations.
3. Maintain a line of credit (that grows) for health emergencies and surprises.
4. Cover monthly expenses and hold on to other assets while their value continues to grow.
5. Cover monthly expenses and avoid selling assets at depressed values.
6. Pay for health insurance during early retirement years until Medicare eligible at 65.
7. Pay your Medicare Part B and Part D costs.
8. Combine life tenure payments with Social Security and income generated by assets to replace your salary and maintain your monthly routine of paying bills from new income.
9. Pay for your children’s or grandchildren’s college or professional education.
10. Maintain a “standby” cash reserve to get you through the ups and downs of investment markets and give you more flexibility
11. Combine proceeds with sale of one home to buy a new home without a forward mortgage and monthly mortgage payments.
12. Pay for long-term care needs
13. Fill the gap in a retirement plan caused by lower than expected returns on your assets.
14. Pay for short term in-home care or physical therapy following an accident or medical episode.
15. Pay for a retirement plan, estate plan or a will.
16. Convert a room or basement to a living facility for an aging parent, relative or caregiver.
17. Set up transportation arrangements for when you are no longer comfortable driving.
18. Create a set aside to pay real estate taxes and property insurance.
19. Delay collecting Social Security benefits until it maxes out at age 70.
20. Eliminate credit card debt and avoid building new credit debt.
21. Cover monthly expenses in between jobs or during career transition without utilizing other saved assets.
22. Cover expenses and avoid capital gains tax consequences of selling off other assets.
23. Purchase health-related technology that enables you to live in home alone.
24. Pay for an Uber or Lyft account so you have mobility and access to appointments and social activities.
25. Help your adult children through family emergencies.

12/12/2023