Your Hometown Reverse Mortgage Consultant based in Sacramento, Roseville, Lincoln, Auburn, Rancho Murieta, Folsom, El Dorado Hills, CA
Your Hometown Reverse Mortgage Consultant based in Sacramento, Roseville, Lincoln, Auburn, Rancho Murieta, Folsom, El Dorado Hills,
CA
Licensed in CA
Mark Macarow
Your Hometown Reverse Mortgage Consultant based in Sacramento, Roseville, Lincoln, Auburn, Rancho Murieta, Folsom, El Dorado Hills, CA
Your Hometown Reverse Mortgage Consultant based in Sacramento, Roseville, Lincoln, Auburn, Rancho Murieta, Folsom, El Dorado Hills,
CA
Licensed in CA
Treating others as you would like to be treated has always been the cornerstone value of my life. With a passion for helping others, service is the foundation of my career - and the thread which unites my professional history. Helping seniors like myself feel more secure in their financial futures through the power of their own home equity with a reverse mortgage, is my passion.
It would be my honor and pleasure to connect with you, learn more about your personal financial situation, and identify the ways in which a reverse mortgage could help. Contact me today to learn more!
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
Last Chance to Register! Time is running out to join our live webinar, “Should I Stay or Should I Go?” Discover how reverse mortgages can provide your clients with the flexibility they need to: ✔️Increase purchasing power to buy their dream retirement home ✔️Finance home modifications to age in place comfortably ✔️ Cover healthcare costs and senior care services with peace of mind 📅 Date: Tuesday, February 25, 2025 ⏰Time: 12:00 - 1:00 PM PT 📲 Register now: lbfreverse.co/Roadshow_Feb25 Don’t miss this opportunity to help your clients plan for their future!
A Home Equity Conversion Mortgage (HECM) for Purchase is a reverse mortgage specially designed to help home buyers age 62 and older afford the home that serves their needs. And as a real estate professional, HECM for Purchase allows you to grow your business in the process. Sounds like a win-win? Learn more: online.flippingbook.com/view/323144926 #retirement #reversemortgage #realestate #realestateagent #homeforsale #realestatetips
A Reverse Mortgage May Be Right for You IF…
Are you considering a reverse mortgage for your retirement? You're not alone! With rising healthcare costs and economic uncertainties, many retirees are turning to innovative solutions. Find out if a reverse mortgage is right for you in our blog! #reversemortgage #longbridge #LongbridgeFinancial #retirement
Peak 65: 7 Things to Do if You Turn 65 This Year
🎉 Turning 65 soon? It's more than just a number – it's a milestone worth celebrating! Sixty-five marks the beginning of a new chapter filled with endless opportunities and experiences. Read our blog for 7 ways to mark this special occasion in your life! #Longbridge #LongbridgeFinancial #blog #65thBirthday
Property Requirements for a Reverse Mortgage
As the saying goes, ""there's no place like home."" And when it comes to retirement years, a home could be even more – a welcomed source of cash flow. A reverse mortgage allows senior homeowners to tap into a portion of their home equity to use as they wish. But like any other loan, there are some requirements that must be met in order to be eligible. Let's start with the most obvious – property requirements for a reverse mortgage.
HECM for Purchase - How You Can Buy a House with a Reverse Mortgage
Take a minute to think of your ideal retirement home. Is it smaller? In a warmer climate? Minimal maintenance? Closer to loved ones, family and friends? Whatever it may be, a HECM for Purchase may be able to help you get there. But don’t let this acronym scare you off – we’ve compiled everything you need to know about HECM for Purchase, starting with the “what,” “who,” and “why.” Learn more in the article below.
Last Chance to Register! Time is running out to join our live webinar, “Should I Stay or Should I Go?” Discover how reverse mortgages can provide your clients with the flexibility they need to: ✔️Increase purchasing power to buy their dream retirement home ✔️Finance home modifications to age in place comfortably ✔️ Cover healthcare costs and senior care services with peace of mind 📅 Date: Tuesday, February 25, 2025 ⏰Time: 12:00 - 1:00 PM PT 📲 Register now: lbfreverse.co/Roadshow_Feb25 Don’t miss this opportunity to help your clients plan for their future!
A Home Equity Conversion Mortgage (HECM) for Purchase is a reverse mortgage specially designed to help home buyers age 62 and older afford the home that serves their needs. And as a real estate professional, HECM for Purchase allows you to grow your business in the process. Sounds like a win-win? Learn more: online.flippingbook.com/view/323144926 #retirement #reversemortgage #realestate #realestateagent #homeforsale #realestatetips
A Reverse Mortgage May Be Right for You IF…
Are you considering a reverse mortgage for your retirement? You're not alone! With rising healthcare costs and economic uncertainties, many retirees are turning to innovative solutions. Find out if a reverse mortgage is right for you in our blog! #reversemortgage #longbridge #LongbridgeFinancial #retirement
Peak 65: 7 Things to Do if You Turn 65 This Year
🎉 Turning 65 soon? It's more than just a number – it's a milestone worth celebrating! Sixty-five marks the beginning of a new chapter filled with endless opportunities and experiences. Read our blog for 7 ways to mark this special occasion in your life! #Longbridge #LongbridgeFinancial #blog #65thBirthday
Property Requirements for a Reverse Mortgage
As the saying goes, ""there's no place like home."" And when it comes to retirement years, a home could be even more – a welcomed source of cash flow. A reverse mortgage allows senior homeowners to tap into a portion of their home equity to use as they wish. But like any other loan, there are some requirements that must be met in order to be eligible. Let's start with the most obvious – property requirements for a reverse mortgage.
HECM for Purchase - How You Can Buy a House with a Reverse Mortgage
Take a minute to think of your ideal retirement home. Is it smaller? In a warmer climate? Minimal maintenance? Closer to loved ones, family and friends? Whatever it may be, a HECM for Purchase may be able to help you get there. But don’t let this acronym scare you off – we’ve compiled everything you need to know about HECM for Purchase, starting with the “what,” “who,” and “why.” Learn more in the article below.
About Me
Treating others as you want to be treated is the cornerstone of my life. With a passion for helping others, service has always been at the forefront of my career - and the thread uniting my professional history.
Early in my career, I owned a moving service which gave me the opportunity to establish personal relationships with my clients while helping them through stressful times. It was a good foundation.
Eventually, I transitioned into another service role, that of a Realtor. For decades, I was fortunate to use my experience helping hundreds of homebuyers and sellers navigate major life changes successfully and with as little stress as possible. My problem-solving skills helped my clients make informed decisions to secure a happy, rewarding financial future.
As a Realtor, I learned firsthand how powerful home equity could be in helping seniors stay in their home or purchase a new one. It was with seniors in mind, and how important independence is for us seniors, that a number of years ago, I decided to make a final move in my career to work in the Reverse Mortgage business and help seniors like myself live out our retirement years to the fullest.
In working with senior homeowners, educating them on the value of Reverse Mortgages, I have truly found my lifelong passion. It is an honor to be able to help seniors feel more secure in their financial futures through the power of their own home equity. I cannot say it enough, I love what I do. There is no better feeling that knowing I've helped countless clients to achieve financial peace of mind, all while keeping their best interests at heart.
Together with my wife and best friend of over 40 years, Jeri, we call the foothills above Sacramento home. We love nature, working on our land, and going for drives. I also enjoy volunteering and giving back to my community. I work with several organizations dedicated to helping seniors find necessary services and I volunteer at a food bank to help sort and deliver food on a weekly basis.
It would be my honor and pleasure to connect with you, learn more about your personal financial situation, and identify any way in which a reverse mortgage might help. Please contact me today to learn more!