Join us on Average Joe Finances as our guest Kevin Guttman, a seasoned reverse mortgage professional. Kevin shares his journey from managing his father's rental properties at a young age to entering the mortgage industry in 2004. He discusses the evolution of reverse mortgages, highlighting crucial changes made in 2015 to protect homeowners. Kevin explains the advantages of reverse mortgages for retirees, emphasizing the importance of financial education and multiple income streams
In this episode:
- Understand how reverse mortgages can provide tax-free income and eliminate monthly payments for retirees.
- Discover the updated regulations that make reverse mortgages safer and more accessible than ever before.
- Gain clarity on common misconceptions and why reverse mortgages aren’t just a “last resort” option.
- Explore how leveraging home equity strategically can fund retirement, long-term care, or new investments.
- And so much more!
Key Moments:
00:56 Meet Kevin Guttman: Reverse Mortgage Expert
01:20 Kevin's Journey into Real Estate
02:36 The Power of Real Estate in Building Wealth
04:50 Reverse Mortgages: An Overview
07:32 Regulations and Changes in Reverse Mortgages
11:04 Client Success Stories and Impact
14:07 Unlocking Equity and Financial Freedom
17:36 Diversifying Income Streams
19:05 The Reality of Retirement
19:50 Educating the Next Generation
21:33 Options for Aging Parents
22:57 Understanding Reverse Mortgages
24:56 Lessons from Financial Mistakes
29:59 Valuable Resources and Recommendations
31:20 Final Thoughts and Farewell
Find Kevin Guttman:
Website: https://heromortgageloan.com/
Facebook: https://www.facebook.com/LenderYouCanTrust/
Instagram: https://www.instagram.com/kevin.guttman
LinkedIn: https://www.linkedin.com/in/kevinguttman/
Youtube: https://www.youtube.com/@KevinGuttman
Average Joe Finances®
All of our social media links and more: https://averagejoefinances.com/links
About Mike: https://mikecavaggioni.com
About Tawnya: https://www.themoneylifecoach.com/
Show Notes add-on continued here: https://averagejoefinances.com/show-notes/
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See our full episode transcripts here: https://podcast.averagejoefinances.com/episodes
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