Reverse Mortgages/Expert Profile

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Reverse Mortgages are a financial tool available to homeowners of the age of 62 or older. They are not for everyone. Mr. Ross provides responses to questions regarding eligibility, terms, consumer protections, financial requirements, and all other aspects of HUD-sponsored and other private program Reverse Mortgages.

Experience in the area

In addition to my legal and general business experience, I have trained with John Bennett, of Home Lending Specialists, the leading and most experienced originator of reverse mortgages in the country. I have mastered both academic and practical aspects of the reverse mortgage business, with special emphasis on consumer protections.


Author, Certified Home Equity Conversion Mortgage Specialist (CHECMS) course, Institute of Consumer Financial Education (ICFE) Bachelor of Arts, Princeton University -- Juris Doctor, Yale Law School -- Accredited Educator in numerous professional disciplines

What do you like about this subject?

Reverse Mortgages are a specialized program that can help seniors continue living in their own homes. They can also be used to help seniors and their families protect their assets and even prevent foreclosure in some cases.

What do you still hope to achieve/learn in this field?

I still hope to learn more ways in which Reverse Mortgages can be used to the advantage of seniors and their families, and to share this information with others.

Something interesting about this subject that others may not know:

Homeowners cannot take out a reverse mortgage until they have received counseling from a HUD-approved counselor. Low income or a poor credit score does not prevent the homeowner from using a reverse mortgage.

Something controversial or provocative about this subject

With a reverse mortgage, regardless of how much the homeowner takes out of the property, the loan balance, including interest, can never exceed the value of the home.

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    K = Knowledgeability    C = Clarity of Response    P = Politeness
Summer02/02/16101010Dear Yan, My sincerest thanks for going .....
Jo01/31/13101010Mr. Ross was very helpful indeed! His .....
Jim04/24/12101010Thank you your answer was very helpful .....
patricia09/17/11101010thanks so much, just want to help .....
John07/14/11101010Thank you for the very timely and .....

Recent Answers from Yan Ross

2016-02-02 Elderly mother, reverse mortgage:

Summer,    I don't think you need permission to access public records on liens or mortgages recorded on a particular property.  You can either go to the County Recorder's office (where the clerk may help

2016-02-01 Elderly mother, reverse mortgage:

Summer,    You have described an unusually complex situation.  So let me start with a few perspectives before addressing the issues.    1.  The advice I can give on this web site is limited, and not a

2012-10-24 Repayment of reverse mortgage:

Frank,    I wish I could give you a definitive answer, but there are two issues that stand in the way.    1.  The specific answer to your question lies in the particular language in the reverse mortgage

2012-04-23 Credit Line:

Jim,    If you are taking the lead in advising your Dad on whether and what kind of reverse mortgage he should consider, let me make a few suggestions.    First, you should help him understand that there

2011-09-16 mortgages:

Patricia,    You will have to get a specific calculation from a reverse mortgage lender licensed to do business in your home state.    What I can tell you is that there are mainly three numbers that will


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