Licensed in All 50 States
About Reverse Mortgages
How Can Funds Be Received?
There is more than one way to structure your payment plan with a reverse mortgage, including:
- Monthly payout for the life of the loan
- Monthly payout of a set amount for a specific timeline
- Cash at close with a balance added to a line of credit
- Line of credit in order to take advantage of the growth rate for future need
Any combination of the above options
Eligibility
Below are the basic homeowner eligibility requirements:
- Must be 62 years or older
- Live in home as primary residence; vacation homes and investment properties do not qualify
- Complete a HUD-approved counseling session
- Must be able to pay homeowners taxes, insurance and any applicable HOA fees
How Can Funds Be Used?
Proceeds can be used for any purpose such as:
Eliminate monthly mortgage payment*
In-home care
Healthcare costs
Home improvements
Long-term care
Home purchase
Pay property taxes
Pay insurance
Emergency fund
Supplement retirement
Other living expenses
*Must maintain property as primary residence and keep property taxes, insurance and HOA dues current.
Our Team
Our Approach to Customer Service
Stability and success are important at every stage in your life. For those exploring reverse mortgages, we understand that your family and your security are paramount.
We provide quality customer care you can trust. We’ll guide and educate you through the process to make it manageable, with transparent communication and a commitment to make sure your needs are taken care of before, during and after the loan. We’re dedicated to helping you achieve your financial goals.
About Michael & Tammy Gonzales
Michael leads loan operations, he’s been in the industry for more than 20 years and was one of the first loan officers in the state of Kansas to offer reverse mortgages. Tammy leads marketing and community relations and is very active in the Wichita senior community as part of Elder Care, Senior Networking, CPAAA and teaches community senior chair yoga classes. Both have earned master's in business administration from Wichita State University and are avid Shocker fans.
Michael and Tammy teach continuing education courses on reverse mortgages to industry professionals. They present at seminars around Kansas to educate real estate industry professionals, retirement advisors, and seniors on these loans.
They are both animal lovers and donate proceeds from the continuing ed courses to the Kansas Humane Society. When asked, Michael says “we are passionate about reverse mortgages because the loan program can significantly help seniors’ financial situation,
quality of life and retirement plans.”
