Welcome to my website. I hope you can join one of my upcoming webinars; invite a friend, a neighbor, your financial advisor or legal expert. Come one, come all! My goal is to share the latest academic research and various program guidelines with anyone interested in learning more about retirement income, housing wealth, ways to improve financial outcomes throughout retirement, and much more. I love helping older Americans (and their family of advisors) understand the many choices and tools they have at their disposal. Mis-information abounds in the media and the world at large. I like to stick to the facts, and give real-life examples of how you can --even after retirement begins, completely revamp your financial position to live your best life now.
And, yes, you can still leave your remaining home equity to your heirs, including future appreciation. Just like any other retirement asset you tap to fund your golden years, home equity often continues to grow as you benefit from all you have accumulated over past decades.
Whether you need to eliminate a conventional mortgage, thereby freeing yourself from the bondage of a monthly mortgage payment to increase your cash flow, or if you are simply looking to establish a federally insured, growing line of credit as a liquidity tool, I can answer all of your questions and educate anyone that you may look to for guidance so they can advise you more effectively.
If you are looking for ways to pay for care; for yourself, or for a loved one, Mutual of Omaha has a special division, Care Funding Solutions, that can shed a spotlight on the many avenues to pay for the quality care you need and deserve.
From exploring options for grants, to explaining Veteran’s benefits, like Aid and Attendance, to understanding the prudent use of your largest asset, housing wealth, we are here as your resource.
A Home Equity Conversion Mortgage (HECM), the recently revamped version of the former reverse mortgage, is a HUD Program that is insured by the Federal Housing Administration (FHA) enabling retirees across the country to live a more enjoyable retirement. My goal over the past 17 years in my field has been to help older Americans make the right, informed decision about funding their retirement.
To register for an upcoming educational webinar, and attend from the comfort of your own home, Register HERE. If you don’t enjoy it, I’ll buy you a coffee!
I look forward to assisting you:
“I have referred several people to Mary Jo, and they have all raved about her. A couple of them were rather complicated, but I witnessed how she worked closely with them to guide them through the process. I have a much better understanding about the pros and cons of reverse mortgages after spending time with Mary Jo. She definitely knows her stuff.”
“As Director of Business Development with Home Instead Senior Care, Mary Jo is a trusted valued resource who helps my clients to strategize how best to afford the elder care they require – which enables them to remain in their residence with personal care to keep them safe in their home.”
“Mary Jo is my go-to person for everything concerning Reverse Mortgages. Not only can I rely on her for up-to-date information on industry regulations and products, I know she will take good care of my clients answering all questions and provide details on options and costs.”
“It has been a pleasure working with Mary Jo. She was able to answer our questions about a reverse mortgage in an articulate, expert way while spending time to understand our needs. Her enthusiasm and professional approach made it clear that a reverse mortgage was a good solution for us and that was the person we wanted to work with. I’m happy to recommend Mary Jo to those considering a reverse mortgage.”
“I have not met as competent and prepared reverse mortgage specialist as Mary Jo. As a broker, there is only one person I will call. That’s because I know that anyone I refer will be handled with the utmost care. When I seek the information myself, Mary Jo helps me look amazingly knowledgeable with my clients. She is everything I look for in a professional when I consider aligning my business and theirs.”
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Important Disclosure Information
Mutual of Omaha Mortgage, Inc., NMLS ID 1025894. 3131 Camino Del Rio N 1100, San Diego, CA 92108.
Alabama Consumer Credit License 22123; Alaska Broker/Lender License AK1025894. Arizona Mortgage Banker License 0926603; Arkansas Combination Mortgage Banker/Broker/Servicer License 109250; Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act, License 4131356; Loans made or arranged pursuant to a California Finance Lender Law license, 60DBO93110; Colorado Mortgage Registration 1025894; Connecticut Mortgage Lender License ML-1025894; Delaware Lender License 028515; District of Columbia Mortgage Dual Authority License MLB1025894; Florida Mortgage Lender Servicer License MLD1827; Georgia Mortgage Lender License/Registration 46648; Hawaii Mortgage Loan Originator Company License HI-1025894; Idaho Mortgage Broker/Lender License MBL-2081025894; Illinois Residential Mortgage Licensee MB.6761115; Indiana-DFI Mortgage Lending License 43321; Iowa Mortgage Banker License 2019-0119; Kansas Mortgage Company License MC.0025612; Kentucky Mortgage Company License MC707287; Maine Supervised Lender License 1025894; Maryland Mortgage Lender License 21678; Massachusetts Mortgage Broker and Lender License MC1025894; Michigan 1st Mortgage Broker/Lender/Servicer Registrant FR0022452; Minnesota Residential Mortgage Originator Exemption MN-OX-1025894; Mississippi Mortgage Lender 1025894; Missouri Mortgage Company License 19-2472; Montana Mortgage Broker and Lender License 1025894; Nebraska Mortgage Banker License 1025894; Nevada Exempt Company Registration 4830. Licensed by the New Hampshire Banking Department, Mortgage Banker License 19926-MB; Licensed by the New Jersey Banking and Insurance Department. New Jersey Residential Mortgage Lender License 1025894; New Mexico Mortgage Loan Company License 1025894; North Carolina Mortgage Lender License L-186305; North Dakota Money Broker License MB103387; Ohio Residential Mortgage Lending Act Certificate of Registration RM.804535.000; Oklahoma Mortgage Lender License ML012498; Oregon Mortgage Lending License ML- 5208; Pennsylvania Mortgage Lender License 72932; Rhode Island Lender License 20163229LL. Rhode Island Loan Broker License 20163230LB; South Carolina BFI Mortgage Lender/Servicer License MLS-1025894; South Dakota Mortgage Lender License ML.05253; Tennessee Mortgage License 190182; Texas Mortgage Banker Registration 1025894; Utah Mortgage Entity License 8928021; Vermont Lender License 6891; Virginia Mortgage Broker and Lender License, NMLS ID #1025894 (www.nmlsconsumeraccess.org); Washington Consumer Loan Company License CL-1025894; Wisconsin Mortgage Banker License 1025894BA; Wyoming Mortgage Lender/Broker License 3488. (866) 200-3210. Subject to Credit Approval.
Charges such as an origination fee, mortgage insurance premiums, closing costs and/or servicing fees may be assessed and will be added to the loan balance. As long as you comply with the terms of the loan, you retain title until you sell or transfer the property, and, therefore, you are responsible for paying property taxes, insurance and maintenance. Failing to pay these amounts may cause the loan to become immediately due and/or subject the property to a tax lien, other encumbrance or foreclosure. The loan balance grows over time, and interest is added to that balance. Interest on a reverse mortgage is not deductible from your income tax until you repay all or part of the interest on the loan. Although the loan is non-recourse, at the maturity of the loan, the lender will have a claim against your property and you or your heirs may need to sell the property in order to repay the loan, or use other assets to repay the loan in order to retain the property.
These materials are not from HUD or FHA and the document was not approved by HUD, FHA or any Government Agency. For licensing information, go to: www.nmlsconsumeraccess.org
Your Reverse Mortgage Specialist serving Marin County, San Rafael, Novato, Larkspur, Corte Madera, Mill Valley, Sausalito, San Anselmo, Fairfax, Belvedere, Palo Alto, San Mateo, Redwood City, Mountain View, San Francisco, the Bay Area, and the surrounding Northern California area.
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