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Tom Russell
Senior Loan Officer, Reverse Mortgage Coach
NMLS# 489545
About me
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.
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We have loan options to fit every situation, from down payment assistance programs for first-time homebuyers to government-sponsored programs for military families and rural residents or jumbo loans in high-cost markets.
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Testimonials
Tom Russell with Academy Mortgage was very pleasant to work with and helped us every step of the way with our mother’s reverse mortgage. We enjoyed open communications via email, text and phone and Tom even came to our home to answer our many questions. He is a wealth of information! We would not hesitate to recommend Tom and Academy Mortgage to anyone.
Tom was so easy to work with! He was very professional and stayed on top of every detail. Applying for a reverse mortgage was a new experience for us and Tom was accessible every step of the way to answer our many questions. He met with us in our home and we were able to contact him via text, phone and email at any time. It was a very pleasant experience for us and we wholeheartedly recommend him!
Personal attention to detail and our questions were thoughtfully answered. Tom has good timely communication skills.
Academy Mortgage was helpful from start to finish. I appreciate all their work! The team went out of their way patiently to help make sure to answer all my detailed questions! They came recommended highly and I also highly recommend them to help with your financial needs.
Very personal attention. Flexibility in scheduling.
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