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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!

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!!!

05/19/2026

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 standard of living in 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.

05/12/2026

REVERSE MORTGAGE: Requires a shift in thinking; The reverse mortgage is a loan that enables borrowers age 62 (age 55 for Jumbo reverse) and older to convert part of the equity in their homes into tax-free income, without having to sell the home, give up the title, or take on a new monthly mortgage payment. Older adults choose a reverse mortgage for many reasons:

1. Financial security

2. Additional income

3. Remain in their home

4. Purchase a home

5. Additional monies are needed for the rising cost of healthcare

6. Satisfy monetary obligations

7. Contribute to their children's or grandchildren's education

8. Additional options for retirement and estate planning.

Most importantly, you should have a plan in place and make sure your spouse/partner is financially secure.

05/05/2026

Studies say half of older adults today worry about outliving their savings, which is why having a financial cushion through a reverse mortgage can bring homeowners peace of mind. An often-overlooked benefit is that it can relieve children of the guilt of being unable to financially support their parents when unexpected expenses arise, such as property taxes, utilities, medical bills, or home repairs. At the same time, it frees parents from feeling like a burden to their children. By keeping finances separate, a reverse mortgage allows families to maintain financial independence and enables parents to enjoy a more secure and fulfilling retirement.

04/28/2026

Reverse Mortgage:

The Reverse mortgage program is basically an interest-only loan that gives you the option to skip the interest payments for the rest of your life if you want to.

So if 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, you can skip as many interest payments as you need to, to deal with these unexpected challenges more easily.

The reverse mortgage program gives you full control of your home mortgage.

So if you want to, you can pay your interest expense and whatever you wish towards your balance. If you want to, you can pay only your interest expense or half of your interest expense, but best of all, you can pay nothing. Now, if you decide to pay nothing, the interest expense is simply deferred to the back of your loan and added to the balance. That is all.

Again, no rule says you are not allowed to pay down the interest or more if you want to, but you don’t have to.

The reverse mortgage program simply allows you the option to live the rest of your life as comfortably as possible.

04/20/2026

Retirement Mortgage:
None of us can predict how long we will live, making financial planning a complex and challenging task.
Once considered a last resort for seniors facing financial hardship, reverse mortgages are now recognized for their strategic role in retirement planning. By leveraging their home equity, retirees can provide a valuable source of income, helping them maintain financial stability and improve their quality of life. Think of a reverse mortgage as a Retirement Mortgage—designed to support you as long as you live. It helps preserve other assets, enhances cash flow, and reduces the risk of outliving your savings.

04/06/2026

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 charge mortgage insurance premiums, and the up-front charges are significantly reduced. You can use the proceeds to fund a more comfortable and secure retirement.

03/17/2026

REVERSE MORTGAGE LINE OF CREDIT: Why Wait?

Retirement just got more expensive. Why not convert your home equity into a cash flow stream? Income is the outcome that matters in retirement. Retirement should be a worry-free time.

A Reverse Mortgage line of credit is not just for people who need cash. It simply enables homeowners to convert the equity in their homes to monthly streams of income and or lines of credit. You will have immediate access to funds when needed. This is the top reason many wealthy people choose the standby line of credit option. The line of credit can not be frozen, canceled, reduced, or capped. No return monthly mortgage payments are required. Payments are optional. If you make a payment, the line of credit increases dollar for dollar, and the balance of the loan goes down.

03/11/2026

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?

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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