EP 256 - The Biggest Mistake Families Make When Considering a Reverse Mortgage

About this episode

When families begin exploring a reverse mortgage, they often start by asking: “Should we get a reverse mortgage?” But after years of helping families navigate senior transitions, I've learned that's usually the wrong place to begin. The better question is: “What are we trying to accomplish?” In this episode of the Simplify Senior Transitions Podcast, Dale Corpus explains why the biggest mistake families make isn't choosing the wrong financial product. It's focusing on the solution before they've clearly defined the problem they're trying to solve. Whether you're trying to help a parent remain at home, pay for home care, reduce financial stress, or decide whether it's time to downsize, this episode will help you think differently about one of the most important decisions families face. 🎙️ IN THIS EPISODE, YOU'LL LEARN • The biggest mistake families make when considering a reverse mortgage • Why starting with the loan often leads to the wrong conversation • A realistic family example involving two sisters trying to help their mother • Why there are usually more options than families realize • How waiting until a crisis limits your choices • Why involving the right profession