For many Americans, the home they have owned for years is also one of their largest financial assets. After decades of mortgage payments and potential home appreciation, homeowners approaching or already in retirement may have accumulated significant equity. But unless the home is sold or that equity is accessed through financing, much of that wealth […]
August 2026 marks a significant milestone for Christopher Mitchell, CEO of Opulence Funding LLC, doing business as Opulence Home Equity: 20 years since he first began helping senior homeowners with reverse mortgages. Since originating his first reverse mortgage in 2006, Mitchell has watched the industry transform. The HECM program has evolved. Financial Assessment changed underwriting. […]
If you’re a homeowner in Spokane, Washington, and are age 62 or older, a reverse mortgage could provide additional financial flexibility during retirement. Whether you’re looking to supplement your retirement income, eliminate an existing mortgage payment, or create a financial cushion for unexpected expenses, a reverse mortgage allows you to convert a portion of your […]
For many homeowners in Clark County, Washington, their home is more than just a place to live, it’s one of their greatest financial assets. If you’ve owned your home for years in communities like Vancouver, Camas, Battle Ground, Ridgefield, Washougal, or La Center, there’s a good chance your property has appreciated significantly over time. As […]
The short answer is yes, you can refinance a reverse mortgage if it provides a meaningful financial benefit. In fact, many homeowners choose to refinance their reverse mortgage to access additional home equity, secure more favorable loan terms, or add a spouse to the loan if they now qualify. Like refinancing a traditional mortgage, refinancing […]
