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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!

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?

03/03/2026

Reverse Mortgage /Reverse Purchase Mortgage:
More aging Americans today may find they don't have the financial security they had hoped for, either because they didn't save enough or because they carry significant debt into what should be their retirement years. Some may also have less-than-expected investable assets or a lower-than-expected income. And many aging baby boomers want to relocate or "right-size" their home.

With this in mind, individuals should consider a Reverse Mortgage /Reverse Purchase Mortgage as part of their overall financial planning strategy.

02/24/2026

Reverse Mortgage Line Of Credit:

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 reverse mortgage Line of Credit 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 asset.

02/17/2026

As the Purchase Market Picks up in 2026:

A reverse purchase mortgage can help buyers purchase the right home/condo without the burden of a monthly mortgage payment. Under most circumstances, a borrower can expect to put down about half of the sale price, and the reverse mortgage will cover the rest. Hold onto your hard-earned cash. As people age, many unexpected expenses can arise, such as medical bills, prescription drugs, home repairs, and the need for long-term care. A reverse purchase mortgage allows you the flexibility/option to make a mortgage payment or skip a payment and improve your monthly cash flow, giving you a greater sense of financial security

02/13/2026

Happy Valentine's Day!!!

Reverse Mortgages are an important financial tool that can help seniors/older adults live a more comfortable lifestyle. Thousands of people have already used them to enhance their retirement lifestyle.

Think of a traditional mortgage, where you borrow money and make monthly payments. With a reverse mortgage, it’s the opposite. You borrow money, but instead of making monthly payments, you receive monthly payments, a lump sum, a line of credit, or a combination.

Reverse Mortgages allow eligible homeowners to access the money they have built up as equity in their homes. They are primarily designed to strengthen seniors’ personal and financial independence by providing funds without a monthly loan repayment burden during their lifetime in the home. The major eligibility requirements are that the borrower(s) must be at least 62 years of age and must occupy the property as their primary residence.

02/10/2026

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 60/62 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 at all.

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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