I’m Scott Funk, and I’ve specialized in Home Equity Conversion Mortgage reverse mortgages for over a decade. Along the way, I’ve learned a lot about how these programs can work from my clients that have them. We created this site so you could find the answers to your questions about reverse mortgages without the hype, calculators, movie stars or pressure to give up more information then you get. You can search through over 100 questions and answers, check out the Glossary or explore the blogs. We post Tuesdays about reverse mortgages and Fridays about being an aging Boomer. Our intent is to share our experiences whether complicated or funny. ’Hope you find the site useful and share it with your friends. We also look forward to hearing what you think. After all, we’ve tried to create it with you in mind. If you have questions, I really do want to answer them.

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If you have questions I’d like to answer them
Please keep in mind these are my answers and may not reflect legal definitions, the views of my employer or the general consensus of the reverse mortgage industry

paymentshock1 282x194 Home

HELOC Payment Shock Coming?

So, what’s a HELOC and why are things changing with them?  Well, a HELOC is a Home Equity Line of Credit.  This is an equity line, with an adjustable rate.  Usually, only interest payments are required during the first 10 years of the note.  After that, they reset to include principal payments sufficient to retire all the debt in the remaining year

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Aging Bonus

OK. There is a lot of negative stuff about getting older. For the most part, it seems the only positive is the “senior discount” and that comes with a down side. Few things hurt more than claiming to be 65 early and not being carded for proof of age. Still, there are bonuses to being older. Benefits, if you will. The first one is that you have alre

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middleagepeople11 282x194 Home

I Help Protect Middle-Aged People from Their Parent’s Problems

As a Home Equity Conversion Mortgage reverse mortgage consultant, I’m asked a lot what I do. My answer is, “I help protect middle-aged people from their Parent’s problems”. How do I do that? By assisting the 62-plus crowd in maintaining their financial independence. They are called the sandwich generation, middle-aged people at risk of having to su

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