Senior Reverse Mortgage Specialist
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More about Sharon
Sharon’s passion for reverse mortgages started when she witnessed her parents experience the peace of mind that a reverse mortgage can bring. She switched careers to help other seniors gain that same peace of mind. Born and raised in Salt Lake, Sharon lives in Draper with her family and continues to serve her community with care and integrity.
Since 2001, Sharon has specialized in helping seniors increase their quality of life and has assisted over 500 clients improve their financial stability. Whether it’s paying off an existing mortgage or covering monthly expenses, Sharon understands each client’s unique situation and finds solutions to help them enjoy retirement. Her approach is centered on “doing what’s right for you,” offering clear guidance on reverse mortgages with patience and care.
Reverse Mortgage FAQ
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For the standard FHA-insured Home Equity Conversion (HECM) program, homeowners aged 62 and older may qualify.
For seniors with higher home values who want to access more of their home equity, there are proprietary reverse mortgage programs such as Platinum, which is available to those 55 and older. (1)
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Very possibly!
Often, someone can purchase a new home with less cash out of pocket using the HECM for Purchase program.
This program allows them to buy a home by combining a one-time investment of their own funds with loan proceeds to complete the transaction. The cash required typically ranges from 60% to 65% of the purchase price, depending on their age and other factors. (2)
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For borrowers with high debt-to-income (DTI) ratio, a reverse mortgage can provide funding to help increase their cash flow • Borrowers who have been declined due to DTI may qualify for a reverse mortgage • Cash-out borrowers who request a 30-year loan may consider a reverse mortgage an attractive alternative.
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Unlike a forward mortgage or a home equity line of credit (HELOC), with a reverse mortgage monthly payments are optional (keeping current with property taxes, insurance, and maintenance is required)
Proceeds from a reverse mortgage are first used to pay off any existing mortgage, freeing up cash flow to enjoy a better retirement – the rest can be used as the borrower wishes • Seniors can use the proceeds to make home repairs or upgrades in order to age in place – or buy a new home that better suits their lifestyle as they age.
1. Available to borrowers as young as 55 in select states only. Higher minimum age requirements may apply.
2. This down payment range assumes closing costs will be financed into the loan. The information being displayed is for illustrative purposes only. Actual cash required may vary and is based on age of youngest borrower, interest rate, home value, and other factors.
Note: Loan amount is determined by property value, borrower’s age, and interest rate.
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