Your Hometown Reverse Mortgage Consultant residing in Newton, NJ, NJ
Your Hometown Reverse Mortgage Consultant residing in Newton, NJ,
NJ
Licensed in NJ
Earl Schick
Your Hometown Reverse Mortgage Consultant residing in Newton, NJ, NJ
Your Hometown Reverse Mortgage Consultant residing in Newton, NJ,
NJ
Licensed in NJ
I'm proud to work for an innovative company committed to responsibly helping homeowners reshape their financial future by educating them on home equity solutions—and helping them unlock the power of their homes.
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 income 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 generally not affected by a reverse mortgage – however, need-based programs such as Medicaid may be. Consult a qualified financial advisor or the appropriate government agency 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 cost is relatively small.
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, provided they meet their loan obligations, keeping current with property taxes, insurance, and maintenance. 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. Important Note: When you click on this video, certain personal information may be sent to the video provider (such as YouTube, Vimeo, etc.). To learn more about our privacy practices, please review our Privacy Notice.
Let’s Get Social
Do you know how to guide an older client through a divorce-related home sale or purchase? As "gray divorce" becomes more common, real estate professionals are increasingly at the center of complex housing and financial decisions for clients in this stage of life. That's why we're hosting a live Q&A with Bill Gordon, CDFA®️, focused entirely on the real estate and financial issues unique to this growing demographic — from home equity considerations to housing options that support financial independence later in life. Whether your clients are looking to sell, buy, downsize, or simply explore their options, this session will give you practical insights you can use right away. 📅 July 28, 2026 | 9:00–10:00 AM PT | 12:00–1:00 PM ET 🔗 https://attendee.gotowebinar.com/register/1773402760572511071?source=LoanOfficer #RealEstate #Realtor #RealEstateProfessionals #Longbridge #LongbridgeFinancial #CustomerForLifeSeries #Webinar #LiveWebinar #RealEstateWebinar #GrayDivorce
🚨Live Webinar for Real Estate Pros Tomorrow 🚨 Don't miss "Gray Divorce: The Hidden Real Estate & Financial Issues Every Realtor Should Understand" — part of our Customer for Life webinar series for real estate professionals. 🔗 Secure your spot to join the Q&A: https://attendee.gotowebinar.com/register/1773402760572511071?source=LoanOfficer #RealEstate #Realtor #RealEstateProfessionals #Longbridge #LongbridgeFinancial #CustomerForLifeSeries #Webinar #LiveWebinar #RealEstateWebinar #GrayDivorce
Gray divorce is reshaping real estate conversations with older clients — and many agents aren't sure where to start. Join Bill Gordon, CDFA®️, for a live Q&A built specifically for real estate professionals: "Gray Divorce: The Hidden Real Estate & Financial Issues Every Realtor Should Understand." We'll cover key financial and housing considerations in gray divorce situations, common real estate challenges divorcing homeowners face later in life, the role of home equity in divorce settlements and retirement planning, and housing options that can help older clients maintain stability and independence. 📅Tuesday, July 28, 2026 🕘 9:00–10:00 AM PT | 12:00–1:00 PM ET Bring your questions — this session is designed to be interactive and immediately applicable to your client conversations. Get registered: https://attendee.gotowebinar.com/register/1773402760572511071?source=LoanOfficer #RealEstate #Realtor #RealEstateProfessionals #Longbridge #LongbridgeFinancial #CustomerForLifeSeries #Webinar #LiveWebinar #RealEstateWebinar #GrayDivorce
Your home should provide peace of mind, not financial stress. 😟 HELOC For Seniors®️ offers a straightforward way to access funds with a simple process and features designed for homeowners 62+. Gain the financial flexibility you need without the worry of sudden payment spikes and strict income qualifications. Ready to take control of your finances? Explore your options with HELOC For Seniors®️. Contact me to learn more! #HELOCForSeniors #HomeEquityLineofCredit #HELOC #Longbridge #LongbridgeFinancial #FinancialStability #HomeEquity #DebtManagement #DebtConsolidation #Retirement
Gray divorce. Real estate. Retirement planning. They're more connected than most agents realize. Join us for a live Q&A with Bill Gordon, CDFA®️, as we unpack the housing and financial issues every real estate professional should understand when working with older clients navigating divorce. 📅 Tuesday, July 28 @ 9 AM PT | 12 PM ET 🔗 https://attendee.gotowebinar.com/register/1773402760572511071?source=LoanOfficer #RealEstate #Realtor #RealEstateProfessionals #Longbridge #LongbridgeFinancial #CustomerForLifeSeries #Webinar #LiveWebinar #RealEstateWebinar #GrayDivorce
HECM for Purchase - How You Can Buy a House with a Reverse Mortgage
Do you have older buyers ready to make the move to their retirement dream home? Discover the benefits of Reverse for Purchase financing – your clients can secure the funding they need and the financial flexibility they deserve. 🔑Check out our blog – and feel free to share it with your clients – for the full scoop on how your older buyers can purchase their next home using a reverse mortgage: https://longbridge-financial.com/blog/reverse-mortgages/hecm-for-purchase-how-you-can-buy-a-house-with-a-reverse-mortgage/?agent=1/ #homeownership #ReverseforPurchase #reversemortgage #HECM #HECMforPurchase #mortgage #homepurchase #homebuying #realestate #Longbridge #LongbridgeFinancial #housingmarket
Do you know how to guide an older client through a divorce-related home sale or purchase? As "gray divorce" becomes more common, real estate professionals are increasingly at the center of complex housing and financial decisions for clients in this stage of life. That's why we're hosting a live Q&A with Bill Gordon, CDFA®️, focused entirely on the real estate and financial issues unique to this growing demographic — from home equity considerations to housing options that support financial independence later in life. Whether your clients are looking to sell, buy, downsize, or simply explore their options, this session will give you practical insights you can use right away. 📅 July 28, 2026 | 9:00–10:00 AM PT | 12:00–1:00 PM ET 🔗 https://attendee.gotowebinar.com/register/1773402760572511071?source=LoanOfficer #RealEstate #Realtor #RealEstateProfessionals #Longbridge #LongbridgeFinancial #CustomerForLifeSeries #Webinar #LiveWebinar #RealEstateWebinar #GrayDivorce
🚨Live Webinar for Real Estate Pros Tomorrow 🚨 Don't miss "Gray Divorce: The Hidden Real Estate & Financial Issues Every Realtor Should Understand" — part of our Customer for Life webinar series for real estate professionals. 🔗 Secure your spot to join the Q&A: https://attendee.gotowebinar.com/register/1773402760572511071?source=LoanOfficer #RealEstate #Realtor #RealEstateProfessionals #Longbridge #LongbridgeFinancial #CustomerForLifeSeries #Webinar #LiveWebinar #RealEstateWebinar #GrayDivorce
Gray divorce is reshaping real estate conversations with older clients — and many agents aren't sure where to start. Join Bill Gordon, CDFA®️, for a live Q&A built specifically for real estate professionals: "Gray Divorce: The Hidden Real Estate & Financial Issues Every Realtor Should Understand." We'll cover key financial and housing considerations in gray divorce situations, common real estate challenges divorcing homeowners face later in life, the role of home equity in divorce settlements and retirement planning, and housing options that can help older clients maintain stability and independence. 📅Tuesday, July 28, 2026 🕘 9:00–10:00 AM PT | 12:00–1:00 PM ET Bring your questions — this session is designed to be interactive and immediately applicable to your client conversations. Get registered: https://attendee.gotowebinar.com/register/1773402760572511071?source=LoanOfficer #RealEstate #Realtor #RealEstateProfessionals #Longbridge #LongbridgeFinancial #CustomerForLifeSeries #Webinar #LiveWebinar #RealEstateWebinar #GrayDivorce
Your home should provide peace of mind, not financial stress. 😟 HELOC For Seniors®️ offers a straightforward way to access funds with a simple process and features designed for homeowners 62+. Gain the financial flexibility you need without the worry of sudden payment spikes and strict income qualifications. Ready to take control of your finances? Explore your options with HELOC For Seniors®️. Contact me to learn more! #HELOCForSeniors #HomeEquityLineofCredit #HELOC #Longbridge #LongbridgeFinancial #FinancialStability #HomeEquity #DebtManagement #DebtConsolidation #Retirement
Gray divorce. Real estate. Retirement planning. They're more connected than most agents realize. Join us for a live Q&A with Bill Gordon, CDFA®️, as we unpack the housing and financial issues every real estate professional should understand when working with older clients navigating divorce. 📅 Tuesday, July 28 @ 9 AM PT | 12 PM ET 🔗 https://attendee.gotowebinar.com/register/1773402760572511071?source=LoanOfficer #RealEstate #Realtor #RealEstateProfessionals #Longbridge #LongbridgeFinancial #CustomerForLifeSeries #Webinar #LiveWebinar #RealEstateWebinar #GrayDivorce
HECM for Purchase - How You Can Buy a House with a Reverse Mortgage
Do you have older buyers ready to make the move to their retirement dream home? Discover the benefits of Reverse for Purchase financing – your clients can secure the funding they need and the financial flexibility they deserve. 🔑Check out our blog – and feel free to share it with your clients – for the full scoop on how your older buyers can purchase their next home using a reverse mortgage: https://longbridge-financial.com/blog/reverse-mortgages/hecm-for-purchase-how-you-can-buy-a-house-with-a-reverse-mortgage/?agent=1/ #homeownership #ReverseforPurchase #reversemortgage #HECM #HECMforPurchase #mortgage #homepurchase #homebuying #realestate #Longbridge #LongbridgeFinancial #housingmarket
About Me
Hello, I am your local Reverse Mortgage Professional. I am honored to be working with the senior community. I have several years of experience in the reverse mortgage space, focusing on Home Equity Conversion Mortgages and other home equity solutions. I am committed to helping seniors find better retirement solutions and am excited to bring my honesty, compassion and education to senior homeowners. I bring an in-depth understanding of the reverse mortgage process and how the loan works. Branch Address: 61 South Paramus Road Suite 500, Paramus, NJ 07652; Branch NMLS #: 957935; Phone #: 973-670-5233. Licensed by the New Jersey Department of Banking and Insurance.