I was in a neighborhood group on Facebook where someone was sharing that they were having to sell their home that had been in the family for generations. They can no longer afford living in the Seattle area and had made the difficult decision to move their family. If you’re 62 or better, you may not have to sell your home to create a more affordable lifestyle.
Before selling, I recommend considering a reverse mortgage. A reverse mortgage can help provide relief by eliminating the monthly mortgage payments and/or by providing cash that can be used for home improvements, debt consolidation, medical needs or anything the homeowner wants. Credit does not have to be perfect and they will still maintain ownership the home. It is, at the very least, worth having a conversation with a trained reverse mortgage specialist to see if it’s something that will work for your scenario. A reverse mortgage can be used on the existing home, add an accessory dwelling unit or even buy your next home (without having a mortgage payment due).
Another option for senior homeowners is to apply for the senior property tax exemption to reduce their property tax bill. As I write this post (June 2025), homeowners in King County who are 62 years or better with incomes under $84,000 can apply. Check with your county tax accessor to see what the requirements are and if you qualify – there is no reason to pay more than you have to!
If I can be of any assistance, please contact me. I work with a great team who are happy to have a conversation with you and answer any questions you may have about reverse mortgages. Let’s talk!
Fannie Mae recently released their monthly forecast for housing. May’s forecast predicts 30 year fixed conforming mortgage rates with rates entering the 5% range in the second quarter of 2026.
25 years ago, I left my career in the title and escrow career to become a mortgage loan officer. I announced it on April fools day to the real estate agents that I was no longer going to be their title rep and that I was making the move to the mortgage side. Many were shocked as I had been in the title industry for 14 years and was pretty established. It was a big move! 
im Reppond passed away on November 11, 2024. I was so saddened and surprised to learn about this and I just think that I haven’t been ready to accept it. Jim had met me for lunch a couple of months earlier in Seattle and I’m so glad we took the time to catch up. It would be our last conversation. 
8:15 a.m. Today around 11:00 am PST, we’ll have the decision from the FOMC on whether they are making any adjustments to the federal funds interest rate. Odds are very strong (
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