Reverse Mortgage Purchase Strategy

People who do not understand the Reverse Mortgage Purchase Strategy are missing out on a powerful solution to three common senior problems: (1) insufficient cash, (2) a broken monthly budget, and (3) living in a home that is less than ideal or just unsafe.


The centerpiece of this strategy is using a reverse mortgage as a purchase-money loan. You can’t say this is a misunderstood strategy because almost no one knows anything about it. 


How Real Estate Agents Can Overcome 3 Big Challenges

by Kent Kopen | Feb 08, 2018 |

Purchase |

Being a seasoned real estate agent is not easy right now. Some of my sharpest Realtor® friends tell me they’re facing three simultaneous challenges: (1) their business models are becoming obsolete because of technology, (2) scarce inventory, and (3) boomers want to move but are having trouble qualifying for a conventional loan.

Rent or Own in Retirement

by Kent Kopen | Mar 23, 2017 |

Wealth Management, Purchase |

Retirees are outliving their savings.  When they do… then what?  This article is for homeowners who have considerable equity but can’t afford, or don’t want to maintain, their current house.  Then the question becomes: is it better to sell and rent, or downsize and buy?


Minimize Property Taxes - CA Prop 60, 90

by Kent Kopen | Mar 31, 2016 |

Taxes, Purchase |

Our post titled, Reverse Mortgage Home Purchase Strategy, detailed a three-part strategy around continuing to be a home owner as opposed to selling and becoming a renter. The financial benefit to the senior and their estate is considerable. The third part of that strategy is minimizing property taxes by taking advantage of CA Propositions 60/90 when possible. This article answers the most common questions we hear about Prop 60 or 90 and provides some background information you'll need to implement the strategy.


Reverse Mortgage Home Purchase Strategy

by Kent Kopen | Aug 28, 2015 |

Purchase |

Most of us spend more than half our income on taxes and interest.  Subtract out healthcare, the high cost of housing, and maybe college tuition and it’s no wonder the U.S. savings rate over the last ten years has been as low as 1.9% and is currently 4.8%.1  During retirement, our focus is on minimizing monthly payments and taxes.

This post is about a three-point strategy I teach clients and financial services professionals to minimize monthly payments, including taxes, and increase wealth in retirement.  Parts of this Three-Dimensional Reverse Purchase™ strategy are either unknown or misunderstood, but when the three components are done in combination, the difference in quality of life, sense of control, and size of heir’s inheritance is substantial.