Reverse Mortgages 101 with Will Yoho (Ep. 14)

As your circumstances change, so will your cost of living, and for homeowners age 62 or older, a reverse mortgage may be the tool you need to help you access a greater cash flow.

In this episode, we are joined by Will Yoho, Sr. Loan Officer at University Bank and reverse mortgage expert. Will shares with listeners why a reverse mortgage might be an excellent tool, especially after losing a spouse, and how it can help your money outlive you.

Todd and Will discuss:

What a reverse mortgage is

The basic requirements to qualify for it

How to find out if a reverse mortgage is a good financial option for you

How a reverse mortgage is different from home equity or a line of credit

Why the stigma around having a reverse mortgage is not always accurate

And more!

Resources:

Will Yoho – University Bank

Connect with Will Yoho:

LinkedIn: Will Yoho

Contact: (847) 341- 7672 

Connect with Todd Bessey: 

CreidimWealth.com 

LinkedIn: Todd Bessey 

Phone: [phone] 

Email: [e-mail] 

LinkedIn: Creidim Wealth Partners 

Facebook: Creidim Wealth Partners  

About Will: 

William Yoho has been assisting homeowners for nearly two decades. As a residential loan officer lending across the country, he has helped with purchases, refinances, and reverse mortgages for single-family homes, condos, and townhomes. He has experience working with clients in every transition of life, from first-time homebuyers to downsizing retirees.

Since 2007, Will has specialized in reverse mortgages. A lending program designed to help seniors access the equity in their homes for everyday expenses such as property taxes, medical bills, home repairs, and even caregiving. His professional and compassionate approach enables seniors and their families to find solutions and help for often complex financial and social situations. Seemingly difficult issues such as incompetency, guardianship, trusts, POA, title issues, and end-of-life planning are part of his normal workday.