Your Hometown Reverse Mortgage Consultant residing in Atlanta, GA
Your Hometown Reverse Mortgage Consultant residing in Atlanta,
GA
Licensed in Alabama, Florida and Georgia
Mark Mauldin
Your Hometown Reverse Mortgage Consultant residing in Atlanta, GA
Your Hometown Reverse Mortgage Consultant residing in Atlanta,
GA
Licensed in Alabama, Florida and Georgia
I'm proud to work with a company focused on educating about reverse mortgages. We're helping clients unlock the power of home, to live and enjoy 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 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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Featured Video
Reverse Mortgage Success Story
"One of the ways that it's changed my life is the idea that you know that you're less likely to run out of money." Longbridge borrower, Ray, shares his story how he lives more comfortably with a reverse mortgage.
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Riding the Market Waves: How Home Equity Can Help You Create a Financial Safety Net
🌟 Mid-year check-in: How’s your financial health? 💸 Life can be unpredictable, but your finances don’t have to be. Taking stock of your financial picture and making sure you have a solid safety net is a great way to be prepared for whatever comes your way. For many older homeowners, tapping into home equity can provide added peace of mind and a cushion for any unexpected expenses or increased costs down the line. 🔗 Learn how to build your financial safety net using your hard-earned home equity: https://longbridge-financial.com/blog/reverse-mortgages/how-home-equity-can-help-you-create-a-financial-safety-net/?agent=1 #SafetyNet #SmartMoneyMoves #HomeEquity #FinancialSecurity #LongbridgeFinancial #Longbridge
💡 Older buyers are rewriting the rules of home financing. According to NAR’s 2024 Homebuyers and Sellers Generational Trends Report, buyers aged 59 and older made up 35% of all home purchases in 2023. That’s a significant share of the market—and a major opportunity for real estate professionals. By helping this growing demographic explore Reverse for Purchase financing, you can offer smarter, more flexible solutions that meet their needs—and expand your client base in the process. Ready to unlock new possibilities for your clients—and your business? Get real Reverse for Purchase borrower insights in one easy-to-read infographic! 📊 https://online.flippingbook.com/view/343643894/
Home Sweet Home: Retrofitting Your Kitchen for Aging in Place
If you’ve ever wondered about how to make your home more aging-friendly for your long-term needs, you’re in luck! In this installment of our “Home Sweet Home” blog series, we’re headed to the heart of the home: the kitchen. 🔗 🏠 Check out our blog for practical tips and smart design ideas to make your kitchen safer and more comfortable as you age—and how home equity solutions can help fund them: https://longbridge-financial.com/blog/knowledge-and-advice/home-sweet-home-retrofitting-your-kitchen-for-aging-in-place/?agent=1 #HomeUpgrades #HomeModifications #Retrofitting #AgingInPlace #HomeEfficiency #KitchenRenovation #SmartLiving #HomeEquity #ReverseMortgage #LongbridgeFinancial #Longbridge #blog
Wishing you a joyful Fourth of July! As we celebrate our nation’s independence, I hope your day is filled with fun and cherished moments with loved ones. 🎆❤️ #4thofJuly #IndependenceDay
🌟 Reverse for Purchase: More Than a Loan, It's a Lifestyle Upgrade 🌟 According to an anonymous survey of our reverse for purchase borrowers, 4 in 5 reported that this home financing tool has improved their lifestyle and financial flexibility. Do your clients have the freedom to enjoy retirement, manage their expenses, and live life on their terms in a home they love? If you’re not presenting reverse for purchase financing as an option to your clients, you could be missing out on a chance to make a real difference in their future. Check out our in-depth webzine to explore how reverse for purchase can elevate your business—and your clients' lives! https://online.flippingbook.com/view/869605166/ #homeownership #ReverseforPurchase #reversemortgage #HECM #HECMforPurchase #mortgage #homepurchase #homebuying #realestate #Longbridge #LongbridgeFinancial #customersatisfaction #borrowersurvey #housingmarket
🎉Today is National Financial Freedom Day! 🎉There’s no better time to reflect on personal and financial goals and ensure a pathway to achieve them. To secure a flourishing future, start making strides today! #NationalFinancialFreedomDay #Longbridge
Riding the Market Waves: How Home Equity Can Help You Create a Financial Safety Net
🌟 Mid-year check-in: How’s your financial health? 💸 Life can be unpredictable, but your finances don’t have to be. Taking stock of your financial picture and making sure you have a solid safety net is a great way to be prepared for whatever comes your way. For many older homeowners, tapping into home equity can provide added peace of mind and a cushion for any unexpected expenses or increased costs down the line. 🔗 Learn how to build your financial safety net using your hard-earned home equity: https://longbridge-financial.com/blog/reverse-mortgages/how-home-equity-can-help-you-create-a-financial-safety-net/?agent=1 #SafetyNet #SmartMoneyMoves #HomeEquity #FinancialSecurity #LongbridgeFinancial #Longbridge
💡 Older buyers are rewriting the rules of home financing. According to NAR’s 2024 Homebuyers and Sellers Generational Trends Report, buyers aged 59 and older made up 35% of all home purchases in 2023. That’s a significant share of the market—and a major opportunity for real estate professionals. By helping this growing demographic explore Reverse for Purchase financing, you can offer smarter, more flexible solutions that meet their needs—and expand your client base in the process. Ready to unlock new possibilities for your clients—and your business? Get real Reverse for Purchase borrower insights in one easy-to-read infographic! 📊 https://online.flippingbook.com/view/343643894/
Home Sweet Home: Retrofitting Your Kitchen for Aging in Place
If you’ve ever wondered about how to make your home more aging-friendly for your long-term needs, you’re in luck! In this installment of our “Home Sweet Home” blog series, we’re headed to the heart of the home: the kitchen. 🔗 🏠 Check out our blog for practical tips and smart design ideas to make your kitchen safer and more comfortable as you age—and how home equity solutions can help fund them: https://longbridge-financial.com/blog/knowledge-and-advice/home-sweet-home-retrofitting-your-kitchen-for-aging-in-place/?agent=1 #HomeUpgrades #HomeModifications #Retrofitting #AgingInPlace #HomeEfficiency #KitchenRenovation #SmartLiving #HomeEquity #ReverseMortgage #LongbridgeFinancial #Longbridge #blog
Wishing you a joyful Fourth of July! As we celebrate our nation’s independence, I hope your day is filled with fun and cherished moments with loved ones. 🎆❤️ #4thofJuly #IndependenceDay
🌟 Reverse for Purchase: More Than a Loan, It's a Lifestyle Upgrade 🌟 According to an anonymous survey of our reverse for purchase borrowers, 4 in 5 reported that this home financing tool has improved their lifestyle and financial flexibility. Do your clients have the freedom to enjoy retirement, manage their expenses, and live life on their terms in a home they love? If you’re not presenting reverse for purchase financing as an option to your clients, you could be missing out on a chance to make a real difference in their future. Check out our in-depth webzine to explore how reverse for purchase can elevate your business—and your clients' lives! https://online.flippingbook.com/view/869605166/ #homeownership #ReverseforPurchase #reversemortgage #HECM #HECMforPurchase #mortgage #homepurchase #homebuying #realestate #Longbridge #LongbridgeFinancial #customersatisfaction #borrowersurvey #housingmarket
🎉Today is National Financial Freedom Day! 🎉There’s no better time to reflect on personal and financial goals and ensure a pathway to achieve them. To secure a flourishing future, start making strides today! #NationalFinancialFreedomDay #Longbridge
About Me
15 years in the business.
Known for giving honest answers and suggesting questions you didn't know to ask.
Focused on correctly re-writing the rules of retirement.
Adept at improving retirement income streams.