In this episode of Talking Realty, host Glen Whitten delves into the complex topic of reverse mortgages, providing home sellers with valuable insights and practical advice. 

Glen explains what a reverse mortgage is, its benefits and drawbacks, and how it can impact home sales, probate, and inheritance. He also offers guidance on making the decision between selling a home and opting for a reverse mortgage, ensuring listeners know what to look for to avoid scams. 

With personal anecdotes and professional expertise, Glen breaks down different payout options, repayment terms, and alternatives to reverse mortgages. Additionally, he discusses the importance of dealing with HUD-approved lenders and provides resources for further counseling and advice. 

The episode concludes with tips on shopping around for the best rates, understanding fees, and recognizing red flags in the reverse mortgage process.

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• 00:00 Introduction and Disclaimer
  
• 00:13 Understanding Reverse Mortgages
  
• 01:36 Podcast Introduction and Host Background
  
• 02:26 Personal Anecdote: Reverse Mortgage Discussion
  
• 04:56 Defining Reverse Mortgages
  
• 10:38 Pros and Cons of Reverse Mortgages
  
• 24:14 Alternatives to Reverse Mortgages
  
• 26:05 Maximizing Property Income
  
• 26:58 Exploring Cash Out Refinance Options
  
• 27:28 Bridge Loans for Seniors
  
• 28:02 Sponsorship Message
  
• 29:04 Finding a Trustworthy Reverse Mortgage Lender
  
• 30:17 Reverse Mortgage Counseling and Resources
  
• 31:55 Comparing Reverse Mortgage Loans
  
• 34:17 Understanding Reverse Mortgage Fees
  
• 37:16 Red Flags in Reverse Mortgages
  
• 42:09 Final Thoughts on Reverse Mortgages
  
• 43:11 Conclusion and Contact Information
  

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• Episode 36: Selling A Home For Your Parents
  
• “The Let Them Theory” by Mel Robbins
  
• Ultimate Home Selling Toolkit (FREE!)
  
• Free Seller Net Sheet
  
• HUD Approved Lender List
  
• HUD-approved housing counselors: (800) 569-4287.
  
• AARP Reverse Mortgage Information
  
• National Reverse Mortgage Lenders Association (NRMLA)
  
• Episode 3: Ryan Phillips on Selecting a Title Company
  

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• Podcast Website: Talking Realty.com
  
• Ohio Property Group: OhioMLSFlatFee.com
  
• Email: Glen@OhioMLSFlatFee.com
  
• Associates Title Website
  
• Ryan Phillips / Associates Title: 614 419 2418
  
• Our YouTube Channel
  
• Glen’s Blog
  
• Book a Call With Glen
  
• Ohio Property Group Facebook Page
  
• @OhioMLSFlatFee  
  
• @ohmlsflatfee  
  
• @OhioMLSFlatFee  
  
• Ohio MLS Flat Fee
  
• OhioMLSFlatFee