Your Hometown Reverse Mortgage Consultant based in the DFW area and serving the entire state, Texas
Your Hometown Reverse Mortgage Consultant based in the DFW area and serving the entire state,
Texas
Licensed in Texas
Garth Touchstone
Your Hometown Reverse Mortgage Consultant based in the DFW area and serving the entire state, Texas
Your Hometown Reverse Mortgage Consultant based in the DFW area and serving the entire state,
Texas
Licensed in Texas
I'm proud to work with a company focused on one thing: educating seniors about reverse mortgages to help them unlock the power of their homes and live a more comfortable retirement.
Your Starting Point to Reverse Mortgages
COMMON MISCONCEPTIONS
MYTH: Taxes have to be paid on money received from a reverse mortgage.
Nope! Proceeds from a reverse mortgage are not considered income, and are therefore not taxable. The money from a reverse mortgage comes from your home’s equity, which already belongs to you, so it’s not considered income. Plus, the interest on a reverse mortgage can be tax-deductible when it’s repaid.
MYTH: Your heirs can’t inherit the home with a reverse mortgage.
Nope! You will still be able to pass the home on to your kids. Just like any other mortgage, they can inherit the house. When the loan becomes due, they can decide how to repay the loan balance.
MYTH: Reverse mortgages should only be used as a last resort.
That’s incorrect! A reverse mortgage is a powerful financial tool that can be an important part of your overall financial plan. From paying off an existing mortgage to delaying Social Security benefits, or even establishing an emergency line of credit, it’s a flexible product that gives you options.
MYTH: A reverse mortgage interferes with Social Security and Medicare benefits.
False! Government entitled programs such as Social Security and Medicare are not affected by a reverse mortgage – however, need-based programs such as Medicaid may be. Consult a qualified financial advisor to learn more.
MYTH: Reverse mortgages are expensive.
Here’s the truth – reverse mortgage loan origination costs and interest rates are comparable to those of traditional mortgages. They do not require large out-of-pocket expenses. There are FHA insurance costs that some traditional mortgages don’t require, but the insurance benefits are well worth the relatively small cost.
MYTH: With a reverse mortgage, the bank takes your home.
That’s false! With a reverse mortgage, the homeowner keeps the title to the home in their name. The lender simply adds a lien onto the title to guarantee that the money will eventually be paid back when the loan becomes due.
Here’s what people like you are saying about us
We're on
Share you experience
Looks like there aren’t any upcoming events at this time.
Keep checking back for the latest as I update my calendar!
Featured Video
How it Works
For many Americans, their home is their biggest asset, and the one they have invested the most in throughout their lives. And a Home Equity Conversion Mortgage (HECM), or "reverse mortgage," can allow senior homeowners to tap into some of this hard-earned home equity – for another source of cash to help fund retirement, counteract the effects of inflation, and live more comfortably.
Let’s Get Social
🚨 New research alert! 🚨 We’ve teamed up with HousingWire to uncover insights into Reverse for Purchase, a game-changing home financing solution for seniors. Did you know only 33% of real estate and mortgage professionals frequently discuss this powerful tool with their clients? Don’t miss out on this growing opportunity—learn how Reverse for Purchase can benefit your business and help seniors get the home they really want. Access the Report 👉 https://www.housingwire.com/addressing-the-lack-of-understanding-around-reverse-for-purchase/?utm_source=partnership&utm_medium=lbf_social&utm_campaign=hw_h4p_gated_content #ReverseForPurchase #ReverseMortgage #RealEstate #MortgageProfessionals #SeniorHomebuyers #Longbridge #HousingWire
Ask the Pros: Using a Reverse Mortgage to Age in Place
Dreaming of aging in place in the home you love? 🏠 Meet Kelly Rogers, Certified Gerontologist and Head of Aging in Place Partnerships at Longbridge Financial. In the latest installment of our "Ask the Pros" blog series, Kelly shares how reverse mortgages can help make aging in place safe and comfortable, without compromising your financial security. Check out our blog to learn more! #Longbridge #LongbridgeFinancial #blog #blogseries #AskthePros #gerontology #aginginplace #ageinplace #reversemortgage #retirement #homeequity
From all of us at Longbridge Financial, we sincerely thank all Veterans for their service to our country. #VeteransDay
Daylight saving time ends Sunday, so don’t forget to “fall” back by moving your clocks back an hour (unless you reside in Arizona or Hawaii). #DaylightSavin
National Family Caregivers Month: Recognizing Unsung Heroes
November is National Family Caregivers Month, a time to express our gratitude for caregivers' incredible sacrifices and dedication. Learn how to show your support and help ensure they have the resources they need to continue their vital work in our blog! #NationalFamilyCaregiversMonth #blog #Longbridge
Happy Halloween from all of us at Longbridge Financial!
🚨 New research alert! 🚨 We’ve teamed up with HousingWire to uncover insights into Reverse for Purchase, a game-changing home financing solution for seniors. Did you know only 33% of real estate and mortgage professionals frequently discuss this powerful tool with their clients? Don’t miss out on this growing opportunity—learn how Reverse for Purchase can benefit your business and help seniors get the home they really want. Access the Report 👉 https://www.housingwire.com/addressing-the-lack-of-understanding-around-reverse-for-purchase/?utm_source=partnership&utm_medium=lbf_social&utm_campaign=hw_h4p_gated_content #ReverseForPurchase #ReverseMortgage #RealEstate #MortgageProfessionals #SeniorHomebuyers #Longbridge #HousingWire
Ask the Pros: Using a Reverse Mortgage to Age in Place
Dreaming of aging in place in the home you love? 🏠 Meet Kelly Rogers, Certified Gerontologist and Head of Aging in Place Partnerships at Longbridge Financial. In the latest installment of our "Ask the Pros" blog series, Kelly shares how reverse mortgages can help make aging in place safe and comfortable, without compromising your financial security. Check out our blog to learn more! #Longbridge #LongbridgeFinancial #blog #blogseries #AskthePros #gerontology #aginginplace #ageinplace #reversemortgage #retirement #homeequity
From all of us at Longbridge Financial, we sincerely thank all Veterans for their service to our country. #VeteransDay
Daylight saving time ends Sunday, so don’t forget to “fall” back by moving your clocks back an hour (unless you reside in Arizona or Hawaii). #DaylightSavin
National Family Caregivers Month: Recognizing Unsung Heroes
November is National Family Caregivers Month, a time to express our gratitude for caregivers' incredible sacrifices and dedication. Learn how to show your support and help ensure they have the resources they need to continue their vital work in our blog! #NationalFamilyCaregiversMonth #blog #Longbridge
Happy Halloween from all of us at Longbridge Financial!
About Me
Originally from Wylie, Texas, I now call Garland, Texas my home. I have worked exclusively in the reverse mortgage business for 7 years and it is truly the greatest job I have ever had. There is no better feeling that knowing I’ve helped my clients change their lives for the better. Whether it be financial stressors keeping them up at night, or the desire to really live out their retirement years to the fullest with some additional cash flow – every client has a story. And I am fortunate enough to help them make their retirement years everything they hoped they would be.
Prior to my career in reverse mortgages, I spent 11 years in the financial industry with Turtle Creek Financial, where I worked with seniors to help them prepare for and enjoy their retirement years. I hold a Bachelor of Science degree in Business Administration with a minor in Computer Science.
Outside of work, I enjoy traveling with my wife – we have been to Europe, Mexico, Alaska, and on many cruises to the Caribbean. I am also a proud father to two beautiful daughters with great husbands. And I enjoy spoiling my three grandsons!
Texas consumers: For state licensing information, please visit: https://longbridge-financial.com/licensing/texas-state-licensing-information/ Branch Address: 945 Bunker Hill Road Suite 500, Houston, TX 77024; Branch NMLS #: 1594241; Phone #: 346-517-0959