Your Hometown Reverse Mortgage Consultant residing in Hilo, HI
Your Hometown Reverse Mortgage Consultant residing in Hilo,
HI
Licensed in Hawaii. Servicing all Hawaiian Islands.
Sanyu Barnicoat
Your Hometown Reverse Mortgage Consultant residing in Hilo, HI
Your Hometown Reverse Mortgage Consultant residing in Hilo,
HI
Licensed in Hawaii. Servicing all Hawaiian Islands.
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. As a Kupuna living on the Big Island, I am available to meet with you and your advisors to talk story; answer questions that you may have, and help you choose the best solution for your needs. Please feel free to contact me at (808) 233-9338. Mahalo.
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.
Here’s what people like you are saying about us
We're on
Share you experience
Looks like there aren’t any upcoming events at this time.
Keep checking back for the latest as I update my calendar!
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. 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
🚨 Last chance to register! 🚨 Join us September 16 for the first session of our three-part series, “The Business Behind the Business: Building a Relationship-Driven Real Estate Practice.” Learn how a relationship-driven approach — and the right partner network — can help create greater opportunities for long-term growth. 👉 Register now https://attendee.gotowebinar.com/register/3009375877407884122?source=Loan+Officer #RealEstate #RealEstateProfessionals #RelationshipBuilding #LongbridgeFinancial #Longbridge
What if your professional relationships could help you create more real estate opportunities — without simply adding more hours to your day? Join Billy Van Raaphorst of Buffini & Company and Rob Cooper of Longbridge Financial for the first conversation in The Business Behind the Business webinar series. Relational vs. Transactional Real Estate 📅 September 16 ⏰ 12 PM ET | 9 AM PT Explore why relationship-driven businesses have greater potential for long-term growth and how the right partner network can help multiply your time and ROI. 👉 Register here: https://attendee.gotowebinar.com/register/3009375877407884122?source=Loan+Officer #RealEstate #RealEstateAgents #RealEstateBusiness #RelationshipBuilding #LongbridgeFinancial #Longbridge
🏡 In real estate, the relationships you build can be just as important as the transactions you close. Join Billy Van Raaphorst, Director of Training and Education at Buffini & Company, and Rob Cooper, National Purchase & Builder Sales Leader at Longbridge Financial, for “The Business Behind the Business” — a three-part webinar series created for real estate professionals. Billy and Rob will explore how to build stronger business relationships, create greater value for clients, and develop a network of trusted partners that can become a consistent source of opportunity. 📅 September 16: Relational vs. Transactional Real Estate 📅 October 21: Working Together to Support Clients 📅 November 18: Integrating Business-to-Business Concepts All sessions begin at 12 PM ET | 9 AM PT. Three conversations. One goal: build a business that grows because of the relationships you build — not just the transactions you close. 👉 Register for the series: https://attendee.gotowebinar.com/register/3009375877407884122?source=Loan+Officer #RealEstate #RealEstateProfessionals #RealEstateBusiness #BusinessRelationships #LongbridgeFinancial #Longbridge
HECM for Purchase - How You Can Buy a House with a Reverse Mortgage
🏡 Thinking about downsizing, moving closer to family, or finding a more accessible home for your needs this fall? With Reverse for Purchase financing you can purchase a new home using proceeds from a reverse mortgage. It’s an innovative way to “right-size” your home for your retirement lifestyle while keeping more of your hard-earned savings in your pocket. 💰 💡 Explore how Reverse for Purchase financing can work for your home-buying goals: https://longbridge-financial.com/blog/reverse-mortgages/hecm-for-purchase-how-you-can-buy-a-house-with-a-reverse-mortgage/?agent=1 #ReverseForPurchase #Rightsize #RetirementReady #LongbridgeFinancial #Longbridge
🏡 FAQ: “Does the bank own your home with a reverse mortgage?” No, that is a common myth! When you take out a reverse mortgage, you retain sole ownership of your home. The lender simply places a lien on the title to ensure repayment, as with any mortgage. And you keep the title in your name so long as you meet the loan terms, like maintaining the property and paying your property taxes and insurance. The lender’s lien guarantees they’ll be repaid when the loan is due, but you can rest assured that lenders are not in the business of owning homes. Learn more about how reverse mortgages work and your ownership rights in our blog! https://longbridge-financial.com/blog/reverse-mortgages/reverse-mortgages-who-owns-the-home/?agent=1 #Longbridge #LongbridgeFinancial #FAQ #HomeOwnership #ReverseMortgage #HomeEquity
Empower Your Retirement Strategy: The Role of Reverse Mortgages as a Financial Buffer
💡 Did you know your home could be the missing piece in your retirement plan? Your home is more than just the place you live—it’s a powerful tool that can help you build a stronger retirement strategy and enjoy greater stability for the years ahead. Read our latest blog to see how a reverse mortgage can help you tap into the power of your home equity to empower your retirement strategy: https://longbridge-financial.com/blog/reverse-mortgages/empower-your-retirement-strategy-the-role-of-reverse-mortgages-as-a-financial-buffer/?agent=1 #blog #ReverseMortgage #HomeEquity #HomeEquitySolutions #retirement #RetirementStrategy #FinancialPlanning #RetirementPlan #Longbridge #LongbridgeFinancial
🚨 Last chance to register! 🚨 Join us September 16 for the first session of our three-part series, “The Business Behind the Business: Building a Relationship-Driven Real Estate Practice.” Learn how a relationship-driven approach — and the right partner network — can help create greater opportunities for long-term growth. 👉 Register now https://attendee.gotowebinar.com/register/3009375877407884122?source=Loan+Officer #RealEstate #RealEstateProfessionals #RelationshipBuilding #LongbridgeFinancial #Longbridge
What if your professional relationships could help you create more real estate opportunities — without simply adding more hours to your day? Join Billy Van Raaphorst of Buffini & Company and Rob Cooper of Longbridge Financial for the first conversation in The Business Behind the Business webinar series. Relational vs. Transactional Real Estate 📅 September 16 ⏰ 12 PM ET | 9 AM PT Explore why relationship-driven businesses have greater potential for long-term growth and how the right partner network can help multiply your time and ROI. 👉 Register here: https://attendee.gotowebinar.com/register/3009375877407884122?source=Loan+Officer #RealEstate #RealEstateAgents #RealEstateBusiness #RelationshipBuilding #LongbridgeFinancial #Longbridge
🏡 In real estate, the relationships you build can be just as important as the transactions you close. Join Billy Van Raaphorst, Director of Training and Education at Buffini & Company, and Rob Cooper, National Purchase & Builder Sales Leader at Longbridge Financial, for “The Business Behind the Business” — a three-part webinar series created for real estate professionals. Billy and Rob will explore how to build stronger business relationships, create greater value for clients, and develop a network of trusted partners that can become a consistent source of opportunity. 📅 September 16: Relational vs. Transactional Real Estate 📅 October 21: Working Together to Support Clients 📅 November 18: Integrating Business-to-Business Concepts All sessions begin at 12 PM ET | 9 AM PT. Three conversations. One goal: build a business that grows because of the relationships you build — not just the transactions you close. 👉 Register for the series: https://attendee.gotowebinar.com/register/3009375877407884122?source=Loan+Officer #RealEstate #RealEstateProfessionals #RealEstateBusiness #BusinessRelationships #LongbridgeFinancial #Longbridge
HECM for Purchase - How You Can Buy a House with a Reverse Mortgage
🏡 Thinking about downsizing, moving closer to family, or finding a more accessible home for your needs this fall? With Reverse for Purchase financing you can purchase a new home using proceeds from a reverse mortgage. It’s an innovative way to “right-size” your home for your retirement lifestyle while keeping more of your hard-earned savings in your pocket. 💰 💡 Explore how Reverse for Purchase financing can work for your home-buying goals: https://longbridge-financial.com/blog/reverse-mortgages/hecm-for-purchase-how-you-can-buy-a-house-with-a-reverse-mortgage/?agent=1 #ReverseForPurchase #Rightsize #RetirementReady #LongbridgeFinancial #Longbridge
🏡 FAQ: “Does the bank own your home with a reverse mortgage?” No, that is a common myth! When you take out a reverse mortgage, you retain sole ownership of your home. The lender simply places a lien on the title to ensure repayment, as with any mortgage. And you keep the title in your name so long as you meet the loan terms, like maintaining the property and paying your property taxes and insurance. The lender’s lien guarantees they’ll be repaid when the loan is due, but you can rest assured that lenders are not in the business of owning homes. Learn more about how reverse mortgages work and your ownership rights in our blog! https://longbridge-financial.com/blog/reverse-mortgages/reverse-mortgages-who-owns-the-home/?agent=1 #Longbridge #LongbridgeFinancial #FAQ #HomeOwnership #ReverseMortgage #HomeEquity
Empower Your Retirement Strategy: The Role of Reverse Mortgages as a Financial Buffer
💡 Did you know your home could be the missing piece in your retirement plan? Your home is more than just the place you live—it’s a powerful tool that can help you build a stronger retirement strategy and enjoy greater stability for the years ahead. Read our latest blog to see how a reverse mortgage can help you tap into the power of your home equity to empower your retirement strategy: https://longbridge-financial.com/blog/reverse-mortgages/empower-your-retirement-strategy-the-role-of-reverse-mortgages-as-a-financial-buffer/?agent=1 #blog #ReverseMortgage #HomeEquity #HomeEquitySolutions #retirement #RetirementStrategy #FinancialPlanning #RetirementPlan #Longbridge #LongbridgeFinancial
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. 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.
As a Kupuna living on the Big Island, I am available to meet with you and your advisors to talk story; answer questions that you may have, and help you choose the best solution for your needs. Please feel free to contact me at (808) 233-9338. Mahalo.
Branch Address: 101 Aupuni Street Suite 1014A3, Hilo, HI 96720; Branch NMLS #: 2383046; Phone #: 808-600-3463