with Laura Phillips

ABOUT THE EPISODE

Reverse mortgages may be one of the biggest blind spots in modern financial planning.

Laura Phillips, Reverse Mortgage Specialist, joins me to unpack the reality behind Home Equity Conversion Mortgages (HECM loans), how they actually work, and why so many seniors either misunderstand them or wait too long to explore their options.

For most Americans, their largest asset is sitting inside their home. Yet few families have a clear strategy for how that equity fits into long-term financial stability.

Laura is remarkable at making the mechanics of a reverse mortgage understandable – how FHA mortgage insurance protects borrowers and heirs, and why the narrative that “the bank takes your home” simply isn’t accurate.

We also address the real costs, when reverse mortgages make sense, when they don’t, and how rising property taxes and insurance premiums are reshaping the conversation.

Home equity isn’t just sentimental. It’s financial. And ignoring it can be the real blind spot.

About Our Guest:
Laura Phillips, Licensed Reverse Mortgage Specialist, is the creator of The Equity Shift (https://lauraphillips.com) and dedicated to guiding clients through the HECM and reverse loan process to ensure they make informed financial planning decisions. She specializes in FHA HECM and proprietary Portfolio Jumbo Reverse loans, helping her clients enhance cash flow and preserve their retirement assets. Connect further with Laura on LinkedIn.

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The music in this video is copyrighted and used with permission.
Music: Snappy by Jonathan Boyle
Source: https://www.premiumbeat.com
License: Creator License #7035351