4-26-26 - Is a Reverse Mortgage Right for You with Cheryl from Barrett Financial

Reverse mortgages are one of the most misunderstood financial tools available, and in this episode, Cheryl Scheidell is joined by returning guest interviewer Leia Ryan to answer the real questions homeowners ask every day.

Together, they break down the basics of reverse mortgages in plain English, explain how today's FHA-insured reverse mortgages work, and dispel many of the myths that have caused confusion for years. Whether you're planning for retirement, looking to age in place, or simply exploring your options, this episode provides valuable education to help you make informed decisions.

In This Episode You'll Learn:

• What a reverse mortgage is and how it works
• Who qualifies for a reverse mortgage
• Why homeowners continue to own their home
• How long you can remain in your home
• Why reverse mortgages aren't just for people in financial hardship
• How financially savvy retirees are using home equity as part of their retirement strategy
• Understanding the "Three Buckets" approach to retirement income planning
• The truth behind common reverse mortgage myths
• How heirs are protected through FHA's non-recourse loan feature
• The different ways borrowers can access their home equity, including:
  • Lump sum
  • Monthly income
  • Growing line of credit
  • A customized combination of options
• A real-life client success story demonstrating the value of a reverse mortgage line of credit
• How you can purchase a new home using a Reverse Mortgage for Purchase
• Proprietary reverse mortgage options available for higher-value homes
• Why education—not sales—is Cheryl's top priority when helping clients determine whether a reverse mortgage is the right fit

Featured Discussion

One of the highlights of the episode is Cheryl's explanation that a reverse mortgage is not a one-size-fits-all solution. Instead, it's a financial planning tool that can provide greater flexibility for the right homeowner at the right stage of retirement.

The conversation also explores how reverse mortgages can help homeowners:

• Eliminate required monthly mortgage payments
• Increase monthly cash flow
• Preserve retirement assets
• Stay in the home they love
• Create greater financial confidence throughout retirement

Join Cheryl at an Upcoming Lunch & Learn!

If you'd like to learn more in a relaxed, educational setting, you're invited to Cheryl's upcoming Reverse Mortgage Lunch & Learn.

Wednesday, May 20
11:00 AM – 1:00 PM

Location:
Total Wine & More
Scottsdale Road & Shea Boulevard

Enjoy a complimentary lunch while learning how today's reverse mortgages work, who may benefit, and how they can fit into a retirement income strategy.

Special guest Lydia Wietsma, Probate Realtor, will also share valuable information on probate real estate and planning.

Seating is limited, and RSVP is required.

Contact Cheryl Scheidell

Cheryl Scheidell
Reverse Mortgage Specialist
Barrett Financial Group

📞 480-817-4324

📧 [email protected]

🌐 ReverseMortgageAndBeyond.com

Listen Every Week

Tune in each week for Is a Reverse Mortgage Right for You?, where Cheryl Scheidell helps homeowners, families, and retirees understand today's reverse mortgage solutions through education, real-life stories, and conversations with trusted industry professionals.

Remember: The more you know, the better decisions you can make for your retirement.

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