Business Details
Your Trusted Partner for Reverse Mortgage Solutions in Salt Lake City
At Strategic Reverse Mortagages, we specialize in empowering retirees to maximize their financial potential through innovative reverse mortgage solutions. With decades of combined experience in senior financial planning, our team provides expert guidance on converting home equity into tax-free funds without monthly mortgage payments. We prioritize client education, transparency, and long-term financial security, helping clients navigate complex retirement challenges while preserving assets for heirs.Our HECM-certified professionals work closely with attorneys, financial advisors, and CPAs to ensure compliance with federal regulations and alignment with individual estate plans. By leveraging FHA-insured Home Equity Conversion Mortgages, we enable clients to enhance cash flow, protect against market volatility, and implement strategic tax planning while maintaining full ownership of their properties.
Services
Reverse Mortgage Consultation
HECM Loans
HECM for Purchase
Financial Planning
Medicaid Planning
Highlights and features
- We offer HECM-certified expertise with personalized retirement planning
- Our non-recourse loans protect borrowers from owing more than home value
- We provide tax-efficient strategies to preserve retirement assets
- Our team collaborates with legal and financial professionals for comprehensive planning
- We specialize in Medicaid and estate planning integration
Associations and certifications
- Federal Housing Administration (FHA)
- U.S. Department of Housing and Urban Development (HUD)
Services
Reverse Mortgage Consultation
Our reverse mortgage consultation helps seniors understand their equity conversion options through personalized assessments. We explain HECM program requirements, eligibility criteria, and financial implications while addressing estate planning considerations. Clients receive comprehensive guidance on tax-free fund utilization strategies that align with retirement goals and Medicaid planning needs.
HECM Loans
FHA-insured HECM loans enable homeowners aged 62+ to convert equity into tax-free income without monthly payments. These non-recourse loans grow credit lines annually, providing financial security while preserving home ownership. Proceeds can pay existing mortgages, fund long-term care, or supplement retirement income with flexible disbursement options.
HECM for Purchase
This specialized HECM program allows seniors to buy new primary residences with reduced down payments (35-55%). Eliminating monthly mortgage payments while maintaining liquidity, it enables home upgrades or relocation without depleting retirement savings. The loan amount depends on borrower age and property value.
Financial Planning
Our financial planning integrates reverse mortgages with broader retirement strategies. We help clients optimize Social Security timing, reduce taxable IRA withdrawals, and protect assets from nursing home costs. The HECM line of credit serves as a tax-efficient emergency reserve while preserving portfolio longevity through strategic drawdown sequencing.
Medicaid Planning
We assist in converting countable assets to exempt home equity through reverse mortgages, facilitating Medicaid eligibility while maintaining residence. The non-recourse nature protects estates from liability, and credit line growth provides liquidity for long-term care expenses during the five-year lookback period without affecting benefit eligibility.
People
Josh Mettle
Division President
Josh Mettle leads reverse mortgage operations with NMLS-certified expertise in senior financial solutions. With extensive experience in FHA programs, he specializes in educating clients about HECM benefits while collaborating with legal and financial professionals to implement comprehensive retirement strategies.
Questions
What is a reverse mortgage?
A reverse mortgage converts home equity into tax-free funds for seniors aged 62+, eliminating monthly mortgage payments while maintaining home ownership through FHA-insured HECM programs.
How does a reverse mortgage affect heirs?
Heirs receive remaining equity after loan repayment, with no personal liability if home value exceeds loan balance. The non-recourse feature protects estates from owing more than the property's worth.
Can I lose my home with a reverse mortgage?
Borrowers retain ownership by maintaining property taxes, insurance, and residency requirements. Foreclosure only occurs if these obligations remain unmet for extended periods.
What are the qualification requirements?
Applicants must be at least 62 years old, own a primary residence with sufficient equity, and complete mandatory HUD counseling to ensure program understanding.
How are funds distributed?
Clients choose from multiple disbursement options including lump sum, monthly payments, or growing credit lines, with flexible combinations available to meet individual financial needs.
What happens when the borrower moves?
The loan becomes due upon permanent relocation, but heirs have 12 months to sell the property or refinance the balance without penalty for early repayment.
