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Josh Blum

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 A reverse mortgage can be one of the levers you use to maximize your overall wealth...

It could be your optimal retirement strategy.


Reverse Mortgage Lender

Josh Blum

Home Equity Retirement Specialist, CRMP | NMLS #1741208 | 754-247-1168

Reverse Mortgage In Fort Lauderdale, FL - Josh Blum


I've helped hundreds of retirees and their trusted professionals retire more comfortably with more peace of mind through education, consultation, and white-glove service.

What is a reverse mortgage and why should you consider one?

A reverse mortgage is the key that allows you to open the door to the money already in your home.  This is the key to the safe and secure retirement you've always wanted and deserve.

How do reverse mortgages work?

A reverse mortgage works by letting you borrow the money in your home with no required monthly payments.  Think of it like this:  your house is a bank and you are being given access to the money in the vault.  How you spend that money is really up to you.

What specifically is a reverse mortgage loan?

A reverse mortgage loan uses the wealth in your house to provide you a 'housing pension.'  It's called reverse because instead of making payments to your house, your house can make payments to you.

How would someone get out of a reverse mortgage if the urgent need arises?

Reverse mortgages have this myth that you can't get out of them. Instead, the opposite is true!  You can choose to pay off the loan, sell your home, or, if eligible, refinance, all at any time.

On average, how much money does someone get from a reverse mortgage?

Generally, you can expect to receive somewhere between 35-55% of the home's value.  More importantly, you'll get peace of mind, security, and a more stable retirement.

Who can qualify for a reverse mortgage?

Anyone 62 or better with a reasonable amount of equity in their home could qualify.  The most likely to qualify still have money available and have been responsible with their finances.

How much equity do I need to get a reverse mortgage?

Typically you'll need at least some equity in your home.  A good guideline is roughly 60%, and many people have successfully gotten a reverse mortgage with even lower equity positions.

Can I pay off my reverse mortgage early? If so, how do I do that?

There are absolutely no prepayment penalties with a reverse mortgage.  You have the ability to make any sort of payments you'd like, and at any time.  The only thing that could stop you from paying off your reverse mortgage at any time is you.

What happens to my reverse mortgage when I die?

The loan matures once you pass (or if you're married, you both pass).  This means your estate or your beneficiaries can choose to pay off the loan, refinance into a new loan in their names, or sell the home to satisfy the loan.  The sale of the home for at least 95% of appraised value is always guaranteed to satisfy the loan obligation of the estate or beneficiaries.

*Borrower must occupy the home as a primary residence and remain current on property taxes, homeowner's insurance, the costs of home maintenance, and any HOA fees.


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Josh Blum services the Fort Lauderdale and greater South Florida area including Miami Dade County, Broward County, Collier County, Palm Beach County, Martin County, and St. Lucie County, .

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