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: 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.
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: 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.
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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
Happy Earth Day! Today and every day is a great day to reduce, reuse and recycle – protecting our planet for future generations to come. #EarthDay
Are You a Good Candidate for a Reverse Mortgage? Find Out
Like all financial decisions, opting for a reverse mortgage is a big decision – and must be right for your unique situation. While there is no standard applicant for a reverse mortgage, there are certain qualities that could make you a good candidate for a reverse mortgage. Learn more in the article below.
From all of us at Longbridge, we wish all those celebrating Passover a joyous and happy spring season ahead!
How Much Money Could You Get from a Reverse Mortgage?
One of the top questions we get is, "How much money could I/my client get with a reverse mortgage?" And the short answer is, "it depends." There are several variables that are taken into account to determine how much home equity can be tapped into with a reverse mortgage. Learn more about these variables and more in the article below.
📢 CE CREDIT OPPORTUNITY 📢 Attention financial advisors! Don't miss our upcoming webinar, “Helping Clients Fund the Rising Costs of Aging in Place.” This session will feature exclusive insights from Kelly Rogers, Certified Gerontologist, who will share strategies for utilizing untapped funding sources effectively to help your clients fund the ever-increasing costs of services, supplies, and care. Secure your spot to earn CE credit! https://attendee.gotowebinar.com/register/1797193974914656856?source=LoanOfficer #Longbridge #webinar #FinancialProfessional #CEcredit #aginginplace
Financial Pros – Earn CE Credit and Advance Your Practice with Aging in Place Solutions! Unlock the secrets to funding aging in place expenses for your clients! Join our upcoming webinar, led by Certified Gerontologist and Head of Aging in Place Partnerships for Longbridge Financial, Kelly Rogers. Discover how your age-qualified clients can use untapped funding sources – like home equity – to pay for the services, supplies, and care they’ll need to age safely in the home they love. Get registered >>> https://attendee.gotowebinar.com/register/1797193974914656856?source=LoanOfficer #Longbridge #webinar #FinancialProfessional #CEcredit #aginginplace
Happy Earth Day! Today and every day is a great day to reduce, reuse and recycle – protecting our planet for future generations to come. #EarthDay
Are You a Good Candidate for a Reverse Mortgage? Find Out
Like all financial decisions, opting for a reverse mortgage is a big decision – and must be right for your unique situation. While there is no standard applicant for a reverse mortgage, there are certain qualities that could make you a good candidate for a reverse mortgage. Learn more in the article below.
From all of us at Longbridge, we wish all those celebrating Passover a joyous and happy spring season ahead!
How Much Money Could You Get from a Reverse Mortgage?
One of the top questions we get is, "How much money could I/my client get with a reverse mortgage?" And the short answer is, "it depends." There are several variables that are taken into account to determine how much home equity can be tapped into with a reverse mortgage. Learn more about these variables and more in the article below.
📢 CE CREDIT OPPORTUNITY 📢 Attention financial advisors! Don't miss our upcoming webinar, “Helping Clients Fund the Rising Costs of Aging in Place.” This session will feature exclusive insights from Kelly Rogers, Certified Gerontologist, who will share strategies for utilizing untapped funding sources effectively to help your clients fund the ever-increasing costs of services, supplies, and care. Secure your spot to earn CE credit! https://attendee.gotowebinar.com/register/1797193974914656856?source=LoanOfficer #Longbridge #webinar #FinancialProfessional #CEcredit #aginginplace
Financial Pros – Earn CE Credit and Advance Your Practice with Aging in Place Solutions! Unlock the secrets to funding aging in place expenses for your clients! Join our upcoming webinar, led by Certified Gerontologist and Head of Aging in Place Partnerships for Longbridge Financial, Kelly Rogers. Discover how your age-qualified clients can use untapped funding sources – like home equity – to pay for the services, supplies, and care they’ll need to age safely in the home they love. Get registered >>> https://attendee.gotowebinar.com/register/1797193974914656856?source=LoanOfficer #Longbridge #webinar #FinancialProfessional #CEcredit #aginginplace
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