Milly Potter, CMPS Reverse Mortgage Loan Originator

03/25/2026

There have been a number of Reverse Mortgage borrowers and their heirs that have had bad experiences with this program prior to a revamp in 2015. I am finding under the new guidelines, in the current environment, most inquiries result in an application because we leave no stone unturned when explaining how the program works, how best to manage the loan after closing, along with the mandatory counseling prior to application, borrowers find it easier to see the advantages and disadvantages so they can weigh their options intelligently. If you would like to see how this program can work for you, please message me the information below:

02/20/2026

The MYTH: Homeowners with high property values will never need or want a Reverse Mortgage. They had a plan that made it possible to buy and maintain that home for the rest of their lives.
The REALITY: Homeowners with high property values face many of the same challenges to their "plan" that homeowners of all types/values of properties face:
1.) rising real estate taxes
2.) high home maintenance costs
3.) health care costs
3.) decreasing investment balances as markets shift and regular withdrawals are taken
4.) a mortgage they took out for home improvements
A Reverse Mortgage could:
1.) help stabilize their budgets
2.) provide a line of credit to pay for home maintenance items
3.) add a non-taxed monthly income for life or a period of time
4.) pay off the mortgage they used to improve their home
Interested in learning what your options mught be, regardless of your home's value? DM me with your name, phone & email address for a personal consultation

01/14/2026

Interesting survey, reflecting a lot of the chatter I've seen online and heard at the local Senior Centers lately about increases in Real Estate Taxes and other concerns from older homeowners struggling to keep affording the things they enjoy doing... If you know someone who is having to give up some of their favorite non-essential 'fun' things to keep their budget "balanced" or just fighting to make ends meet, please introduce me so I can help them determine if a Reverse Mortgage could be the solution to their struggles.

Clever Real Estate survey shows a widening gap between what retirees believe is required to retire comfortably and what most actually have.

12/16/2025

https://www.facebook.com/CMGFinancial/posts/pfbid02bq5yhiXsaUhrgBpViSrcWqSDu5fDCCsMoQ6qYFch4rN5G9BpkEGF4qNApSRMHX9Rl
CMG Home Loans is one of the BEST Morrtgage Companies I have ever worked for. They don't miss a beat, from onboarding to offering products (some unique to CMG) with features our borrowers can truly benefit from. Great Job, CMG!

We’re feeling the love! 💗🥰
CMG Financial is honored to be named a 2025 Most Loved Employer by National Mortgage Professional— for the second year in a row! This recognition reflects what matters most to us: a culture built on integrity, innovation, growth, and genuine care for our people and communities.
Thank you to each of our incredible team members—this one’s for you! 🫶

12/15/2025

Population shifts and an aging population combined to create a higher concentration of aging adults to the New England states, the Carolinas and Florida (only 5 other states have similar ratios: WV, MI, WI, MT & OR) in the US . All, except NC (39.2) have an average age of 40+. The 65 and over population either chooses to remain in place in these states or migrates there when they retire. Read this article to get a clearer picture of the evolution to the older median ages by state.

The U.S. aging population varies by region, impacting healthcare, labor, budgets, politics, and how leaders attract families and support seniors.

11/24/2025

https://www.housingwire.com/articles/home-equity-help/?utm_campaign=Newsletter%20-%20Reverse%20Mortgage%20Daily&utm_medium=email&_hsenc=p2ANqtz-8t_tHDFzA1BH9mKn0ZSV7EH8RoobZoby_0QZdQR3Am_m4HOEzLpF_xuf0uKipQgDy5eCLABtouYcRaK30eZSc6pvaSLA&_hsmi=391126898&utm_content=391126898&utm_source=hs_email
I am seeing this trend more and more lately, parents and/or grandparents helping out their children/grandchildren get into their first home with down payment money using a Reverse Mortgage to tap into their equity. This allows them to give an inheritance in their lifetime and see the difference they can make. If you are 62 or over and want to explore this concept, DM me so we can take a look at the numbers to see if this is an option you want to explore.

Older Americans hold $14 trillion in home equity, and 25% of first-time buyers get family help for down payment assistance.

11/18/2025

I am sometimes amazed at how little some seniors receive from Social Security on a monthly basis and how few realize they could qualify for additional income, discounts on Real Estate Taxes and even tax refunds in MA by filing for the Circuit Breaker Tax credit. Additional income can come from Social Securities supplemental Income program for individuals receiving less that $2,000 per month income. Check her to see if you qualify: https://www.mass.gov/info-details/apply-for-ssdi-or-ssi-benefits

In addition, some cities and towns offer a discount on real estate taxes for 65 and over homeowners. Applications typically are due by April 30th to qualify for the next fiscal year. Call your town hall to see if they offer a senior discount and ask the to mail you an application if you qualify.

SNAP benefits, Fuel Assistance and other city/town programs can also help.

The Massachusetts Circuit Breaker Tax credit should be filed each year to receive a partial reimbursement of your Real Estate Taxes and Utilities. You could qualify for this, even if you rent. Check out the guidelines here: https://www.mass.gov/info-details/massachusetts-senior-circuit-breaker-tax-credit Heads up, if you didn't know about this program or didn't bother to file in the past, you can file for 2022, 2023 & 2024 to receive a rebate if you qualify within the income limit.

Check with your local Council on Aging or Senior Center for further guidance.

Hopefully, one or more of these programs will help make your senior life more affordable. If you know someone aged 65 or over, please share this information with them.

Certain seniors who own or rent residential property in Massachusetts, as their principal residence, are eligible for a refundable tax credit. Find out if you qualify and how to apply.

11/10/2025

Every year recipients of Social Security wait patiently for the announcement of the COLA adjustment and what it could do to increase their monthly Social Security. Many have argued for years the formula used to determine the percent of the increase is not sufficient because the factors used in the calculation exclude certain key items like utilities. In addition, it also does not include the amount of the increase for Medicare, so the net increase does not truly meet the needs of the recipients to maintain their current budgets and year over year their situations deteriorate. It is about time this is reviewed objectively to help those who rely heavily on the system they contributed to so they can live more comfortably.

The Social Security cost-of-living adjustment for 2026 will not be a windfall for the millions of beneficiaries who rely on the program's monthly checks.

10/31/2025

As a long time mortgage loan officer, I have seen many moves in the indicators that impact mortgage interest rates. They sometimes react in the manner we all expect: a reduction of key indicator interest rates by the Fed results in a similar reduction in long term interest rates (mortgages). However, when a reduction is made in a somewhat unstable economy, the reverse can happen because the reduction could trigger inflation. When this happens, it can take a few days, weeks or months before fears of inflation are overcome by a thriving economy that ultimately is recognized so the long term rates decrease to prior or lower levels. Be patient, time will tell whether the most recent reduction be the Fed has the anticipated impact homebuyers and loan officers are hoping for.

Mortgage rates rose by 14 basis points after the Fed cut rates, as Powell's hawkish tone pushed back on December rate cut expectations.

10/17/2025

Non-profits struggle for every penny they can get. 52 Sumner is no exception. Please click on the link to help them be chosen. They do an AWESOME job creating events that are enjoyed by all. If you haven't been to one, check out their website to what is coming up and select one or two and bring a friend or two.

Each year, Monson Savings Bank asks the community to help plan the Bank’s community giving activities by inviting people to vote for the organizations they would like the Bank to support during the upcoming year. Voting is now open through December 31, 2025!

09/16/2025

The younger you are when you start to plan for retirement, the better off you should be, BUT sometimes life happens and things don't go the way you expect them to. Every age goup has its thoughts on the matter, see where you fall compared to the statistics:

BlackRock’s annual Read on Retirement survey shows that younger workers have more confidence about retirement than their older peers.

09/09/2025

Housing affordability is becoming more of a challenge for older homeowners with the rising insurance costs. Reach out if you would like to learn how a Reverse Mortgage can help these older homeowners make life affordable again.

Data shows that annual property insurance payments for single-family mortgage holders now average nearly $2,370.