Tom Russell

Welcome! With over 30 years of real estate finance experience, former CFO of Coldwell Banker in Portland Metro,  and having served on the OR-SW WA Financial Planning Association Board of Directors for 7 years, I will help you make a well-informed decision on whether a Retirement Mortgage can help you enjoy a better retirement. I understand the pressures of inflation, fluctuating markets, and mortgage payments on a fixed-income budget as you prepare for or are currently experiencing in retirement. I have a passion for serving our senior 62+ community by helping them navigate their retirement cash flow objectives, providing a sense of relief from these financial pressures.

For qualified seniors, a Retirement Mortgage, most commonly known as the Home Equity Conversion Mortgage (HECM), is a way to turn a portion of your home's equity into tax-free cash without making monthly mortgage payments. Of course, you are still responsible for taxes, insurance, and maintenance on your home, as any homeowner would be.

Benefits:

- No monthly mortgage payments.

- Line of Credit with a built-in growth feature on unused funds.

- Increased discretionary cash flow.

- Ability to sell your home at any time.

- Increased purchasing power using a HECM to purchase a primary residence.

- Delay Social Security.

- Bridge the Medicare Gap.

I also teach continuing education classes on the HECM for Purchase (H4P) product to our realtor partners. Please feel free to contact me for a no-obligation consultation, where you can ask any questions you may have and get the information you need to make the right decision for your retirement.