Your Hometown Reverse Mortgage Consultant based in Oceanside, CA
Your Hometown Reverse Mortgage Consultant based in Oceanside,
CA
Tom Velte
Your Hometown Reverse Mortgage Consultant based in Oceanside, CA
Your Hometown Reverse Mortgage Consultant based in Oceanside,
CA
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. I’m a reverse mortgage professional and honored to serve the people of Oceanside, CA.
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.
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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
💼 Financial Professionals Earn CE Credit 💼 Do you have clients who are eligible for Medicare? Bonnie Dobbs, licensed insurance agent and Founder of Insurance and Other Red Tape, will cover everything from eligibility and options to key enrollment periods and the importance of timely referrals. This webinar is a must-attend for financial professionals looking to enhance their offerings. 🗓️ Wednesday, September 18, 2024 | 1:00 – 2:00 PM ET Join us: https://attendee.gotowebinar.com/register/8789984576730665565?source=LoanOfficer #Longbridge #LongbridgeFinancial #webinar #FinancialProfessional #CEcredit #financialplanning #Medicare
Financial Pros >> Maximize Your Client’s Medicare Planning 📈 Medicare can be a maze, but with the right guidance, you can help your clients navigate it with ease. Join Bonnie Dobbs, licensed insurance agent and Founder of Insurance and Other Red Tape, for an information-filled webinar where she’ll cover the essentials of Medicare, how to prepare your high-income clients, assist low-income clients, and how moving has an impact on coverage. Equip yourself with the knowledge you need to better serve your clients! 🔗 https://attendee.gotowebinar.com/register/8789984576730665565?source=LoanOfficer #Longbridge #LongbridgeFinancial #webinar #FinancialProfessional #CEcredit #financialplanning #Medicare
Financial Pros: Elevate Your Medicare Knowledge! 🩺 Join Bonnie Dobbs as she breaks down the complexities of Medicare. This webinar is designed to equip financial professionals with the tools needed to guide clients through Medicare preparation and transition. Don't miss out on insights that can help you better serve your clients' needs! 📅 Register Now: https://attendee.gotowebinar.com/register/8789984576730665565?source=LoanOfficer #Longbridge #LongbridgeFinancial #webinar #FinancialProfessional #CEcredit #financialplanning #Medicare
🗓️ Mark Your Calendar: CE Webinar for Financial Pros 🗓️ With today's high inflation and soaring healthcare costs, financial security for your older clients is more critical than ever. Discover how incorporating home equity solutions can be a game-changer for your clients' financial plans. Christian Mills will guide you through: 🔹 Addressing common misconceptions about reverse mortgages 🔹 Educating clients on available safeguards and protections 🔹 Using effective strategies and loan scenario models to enhance client success 🔹 Demonstrating comprehensive educational materials transparently Earn CE credit and gain invaluable insights to better serve your clients. Don't miss out! Register today: https://attendee.gotowebinar.com/register/503038004734888032?source=LoanOfficer #Longbridge #LongbridgeFinancial #webinar #FinancialProfessional #CEcredit #financialplanning #reversemortgage #homeequity
🔔 Attention financial professionals! 🔔 Enhance your expertise and earn CE credit at our upcoming complimentary webinar. Learn how to leverage home equity solutions to address common financial challenges faced by your older clients. In this informative session you’ll learn: ✅ Insights into addressing misconceptions about reverse mortgages ✅ Strategies to educate clients on the safeguards and protections available ✅ Effective loan scenario models to boost client success probabilities ✅ Tools to deliver transparent and comprehensive education to clients Don't miss this opportunity to better serve your clients' needs and secure their financial future. Secure your spot today! https://attendee.gotowebinar.com/register/503038004734888032?source=LoanOfficer #Longbridge #LongbridgeFinancial #webinar #FinancialProfessional #CEcredit #financialplanning #reversemortgage #homeequity
Are you a financial professional seeking to better support your older clients amid high inflation and rising healthcare costs? 🎓 Join our complimentary CE webinar to learn how home equity solutions can play a crucial role in sustaining your clients' financial security. Christian Mills, Head of Financial Advisor Relations at Longbridge Financial, will provide a unique look at how to help your clients understand the real value of their home equity from a holistic planning approach. 📅 Wednesday, July 17 | 1:00–2:00 PM ET 🔗 https://attendee.gotowebinar.com/register/503038004734888032?source=LoanOfficer #Longbridge #LongbridgeFinancial #webinar #FinancialProfessional #CEcredit #financialplanning #reversemortgage #homeequity
💼 Financial Professionals Earn CE Credit 💼 Do you have clients who are eligible for Medicare? Bonnie Dobbs, licensed insurance agent and Founder of Insurance and Other Red Tape, will cover everything from eligibility and options to key enrollment periods and the importance of timely referrals. This webinar is a must-attend for financial professionals looking to enhance their offerings. 🗓️ Wednesday, September 18, 2024 | 1:00 – 2:00 PM ET Join us: https://attendee.gotowebinar.com/register/8789984576730665565?source=LoanOfficer #Longbridge #LongbridgeFinancial #webinar #FinancialProfessional #CEcredit #financialplanning #Medicare
Financial Pros >> Maximize Your Client’s Medicare Planning 📈 Medicare can be a maze, but with the right guidance, you can help your clients navigate it with ease. Join Bonnie Dobbs, licensed insurance agent and Founder of Insurance and Other Red Tape, for an information-filled webinar where she’ll cover the essentials of Medicare, how to prepare your high-income clients, assist low-income clients, and how moving has an impact on coverage. Equip yourself with the knowledge you need to better serve your clients! 🔗 https://attendee.gotowebinar.com/register/8789984576730665565?source=LoanOfficer #Longbridge #LongbridgeFinancial #webinar #FinancialProfessional #CEcredit #financialplanning #Medicare
Financial Pros: Elevate Your Medicare Knowledge! 🩺 Join Bonnie Dobbs as she breaks down the complexities of Medicare. This webinar is designed to equip financial professionals with the tools needed to guide clients through Medicare preparation and transition. Don't miss out on insights that can help you better serve your clients' needs! 📅 Register Now: https://attendee.gotowebinar.com/register/8789984576730665565?source=LoanOfficer #Longbridge #LongbridgeFinancial #webinar #FinancialProfessional #CEcredit #financialplanning #Medicare
🗓️ Mark Your Calendar: CE Webinar for Financial Pros 🗓️ With today's high inflation and soaring healthcare costs, financial security for your older clients is more critical than ever. Discover how incorporating home equity solutions can be a game-changer for your clients' financial plans. Christian Mills will guide you through: 🔹 Addressing common misconceptions about reverse mortgages 🔹 Educating clients on available safeguards and protections 🔹 Using effective strategies and loan scenario models to enhance client success 🔹 Demonstrating comprehensive educational materials transparently Earn CE credit and gain invaluable insights to better serve your clients. Don't miss out! Register today: https://attendee.gotowebinar.com/register/503038004734888032?source=LoanOfficer #Longbridge #LongbridgeFinancial #webinar #FinancialProfessional #CEcredit #financialplanning #reversemortgage #homeequity
🔔 Attention financial professionals! 🔔 Enhance your expertise and earn CE credit at our upcoming complimentary webinar. Learn how to leverage home equity solutions to address common financial challenges faced by your older clients. In this informative session you’ll learn: ✅ Insights into addressing misconceptions about reverse mortgages ✅ Strategies to educate clients on the safeguards and protections available ✅ Effective loan scenario models to boost client success probabilities ✅ Tools to deliver transparent and comprehensive education to clients Don't miss this opportunity to better serve your clients' needs and secure their financial future. Secure your spot today! https://attendee.gotowebinar.com/register/503038004734888032?source=LoanOfficer #Longbridge #LongbridgeFinancial #webinar #FinancialProfessional #CEcredit #financialplanning #reversemortgage #homeequity
Are you a financial professional seeking to better support your older clients amid high inflation and rising healthcare costs? 🎓 Join our complimentary CE webinar to learn how home equity solutions can play a crucial role in sustaining your clients' financial security. Christian Mills, Head of Financial Advisor Relations at Longbridge Financial, will provide a unique look at how to help your clients understand the real value of their home equity from a holistic planning approach. 📅 Wednesday, July 17 | 1:00–2:00 PM ET 🔗 https://attendee.gotowebinar.com/register/503038004734888032?source=LoanOfficer #Longbridge #LongbridgeFinancial #webinar #FinancialProfessional #CEcredit #financialplanning #reversemortgage #homeequity
About Me
Hello, my name is Tom, your Reverse Mortgage Professional. I am honored to be working with the senior community in Oceanside, CA. I have several years of experience in the reverse mortgage space, focusing on Home Equity Conversion Mortgages. I am committed to helping seniors find better retirement solutions and am excited to bring my honesty, compassion and education to senior homeowners in the Oceanside area. I bring an in-depth understanding of the reverse mortgage process and how the loan works.
Licensed by the California Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act; Loans made or arranged pursuant to a California Financing Law license. For California consumers: For information about our privacy practices, please visit https://www.longbridge-financial.com/privacy. Branch Address: 336-340 S. Citrus, Covina, CA 91723; Branch NMLS #: 2369412; Phone #: 949-409-6189