Drop in the Bucket podcast is all about aging on your terms. We cover all of the things on your bucketlist and the things that have dropped into your bucket.

In this podcast, Lisa talks with Mark Smolenski, from the company One Trust, who has worked for 25 years in finance and real estate. He has also volunteered his time with several not-for-profit organizations and is currently the president of a local Rotary International club. Mark can be reached at https://onetrusthomeloans.com/contact/msmolenski

During the conversation, Mark explains how reverse mortgages have had a bad name in the past and how he works to educate seniors on the importance of balancing their financial and personal needs. He also shares his experience helping clients navigate important financial decisions and why reverse mortgages can be a beneficial option for seniors.

Timestamps

00:00:00 - Exploring the Benefits of a Reverse Mortgage

00:07:53 - Reverse Mortgage Qualifications for Married Couples

00:12:16 - Exploring the Benefits of Reverse Mortgages for Homeowners

00:15:50 - Home Equity Conversion Mortgages as Investment Tools

00:19:27 - Explaining the Benefits and Costs of a Reverse Mortgage Loan

00:27:25 - Utilizing a Reverse Mortgage for Home Purchases

00:28:59 - The Benefits of Owning a Second Home

00:36:43 - A Practical Scenario

00:40:22 - How to Start the Process