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Michael Friedman/Reverse Mortgages

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United States
Philadelphia, PA
Michael Friedman/Reverse Mortgages

I specialize in Reverse, Reverse Purchase, and Reverse Jumbo Mortgages. Over 20 years of experience.

Reverse Mortgage: With a reverse mortgage there are no monthly principal and interest mortgage payments. Your responsibility is to pay property taxes and insurance, live in your home as your primary residence.Top uses of reverse mortgage money include, long term care,renovations,travel,pay off debt,daily living expenses,purchase of a smaller home(downsize). Homeowners who would benefit from an increase in cash flow to enjoy a financially independent lifestyle.--Have a plan in place!

08/25/2026

REVERSE MORTGAGE: How much can I receive?

A reverse mortgage is based on a mathematical equation. 1.) Age of the youngest borrower. 2.) Appraisal value of the home and the county where the property is located. 3.) The interest rate of the current program selected. This will determine the amount of funds available. Some people think it is better to wait until they are very old to obtain a reverse mortgage. NOT TRUE! If you obtain a reverse mortgage at age 62 and allow the full line of credit to grow, you will receive more money than you would have if you waited until you were older. Credit scores are not a deciding factor.

08/18/2026

Researchers agree that it will be difficult for even middle-class Americans to be confident that their nest eggs will last as long as they do. For this reason, an increasing number of academic publications are demonstrating that housing wealth can be integrated into retirement income plans to help sustain cash flow and ensure survival. Because the HECM Line of Credit (also known as a reverse mortgage) cannot be canceled, frozen, capped, or reduced, and actually grows in borrowing power regardless of home value, researchers are advocating that retirees set up a Line of Credit early to diversify their housing assets.
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08/04/2026

We are all living longer and running low on money. Hold onto your cash and increase your monthly cash flow.
The Reverse Mortgage Program is an interest-only loan that allows you to skip the interest payments for the rest of your life if you want to.
So, suppose a higher-than-normal unexpected expense comes your way, like a major home or auto repair, the need to help a family member, or anything from A to Z that challenges your monthly budget. In that case, you can skip as many interest payments as needed to deal with these unexpected challenges more easily.

So, if you wish, you can pay your interest expense and any amount towards your balance. You can pay only your interest expense, half your interest expense, or nothing at all. Now, if you decide to pay nothing, the interest expense is deferred to the back of your loan and added to the balance.
Again, no rule says you are not allowed to pay down the interest or more if you want to, but you do not have to.
The Reverse Mortgage Program simply allows you the option to live the rest of your life as comfortably as possible.

07/22/2026

Reverse Mortgage Suitability Test:

1. How likely are you to need more money or savings in retirement, either now or sometime in the future?

2. Is it important to you to remain financially independent and not rely on others for support?

3. How long do you plan to live in your current home?

4. Would you be willing to use some of your home equity to improve your quality of life?

5. Is it more important for you to leave as much as possible for your heirs or have more money to use now?

06/30/2026

Reverse Mortgage News:
The Biggest Fear during retirement is “running out of money.” According to the Boston College Center for Retirement Research, 53% of all households are "at risk" of not having enough to maintain their living standards during retirement. A reverse mortgage lowers that risk. In the past, retirees relied on Social Security, pensions, and personal savings. In the future, retirees will require multiple income streams. A reverse mortgage can help older adults enjoy a more comfortable retirement.

06/23/2026

06/16/2026

REVERSE JUMBO: Up to $4 million- Possibly more?

The Jumbo Reverse/Reverse Purchase program is designed specifically for owners of high-value homes. Additionally, the Jumbo reverse home financing tool was designed for individuals who want to retire, as well as those who have already retired. If you are 55 or older, you can even access more of your home’s equity and put it to work wherever you want, giving you more control over your assets, investments, and cash flow. Jumbo reverse mortgages do not require mortgage insurance premiums, and upfront costs are significantly reduced. You can use the proceeds to fund a more comfortable and secure retirement.

06/10/2026

REVERSE PURCHASE- ( What do you mean?)

The reverse purchase program can make it easier and more affordable for older adults to buy a home /condominium that better fits their lifestyle, without taking on monthly mortgage payments. The reverse purchase program may help preserve your hard-earned savings and improve your monthly cash flow. You will continue to own and maintain the title of your home for as long as the property remains your primary residence. At age 55 and older, many older adults wish not to carry a large monthly mortgage payment into their late 60s, 70s, 80s, 90s, and now the new 100s 😂. Under most circumstances, a borrower can expect to put down about half the amount of the sale price, and the reverse mortgage will cover the rest. (Hold onto your hard-earned cash.)

06/02/2026

How can a reverse mortgage help older adults meet their retirement goals?

1. Avoid selling assets to maintain cash needs during a bear market.

2. Use funds to purchase a vacation property.

3. Receive tax-free proceeds to assist with daily living expenses.

4. Use the proceeds as an emergency line of credit.

5. Use the proceeds to fund long-term care services.

A reverse mortgage is a versatile financial planning tool/safety net that can help many older adults live more comfortably, provide flexibility, and better prepare them for the future.

05/26/2026

What happens when we both die or go to a nursing home?
1. The house will be left to the estate and will be settled the same way as any other estate with a house.
2. It would be decided whether the house would be sold or purchased by a family member.
3. An appraised value will be determined, and the house will be sold for market value. At the time of the sale, if the sale price exceeds the mortgage balance, the difference will go into the estate.
4. The estate will NOT be responsible for any deficit. FHA will pay the lender the difference.
** The homeowner always retains title to the property. The property passes onto the heirs, estate, named person, etc. Not the Bank!!!

Address

Philadelphia, PA

Opening Hours

Monday	9am - 7pm
Tuesday	9am - 7pm
Wednesday	9am - 7pm
Thursday	9am - 7pm
Friday	9am - 7pm
Saturday	9am - 5pm

Telephone

+12159016521

Website

http://www.reversingpamortgage.com/

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