UK Health Radio Podcast
UK Health Radio Podcast
96: Saving with Steve with Steve Sexton - Episode 96
96: Saving with Steve with Steve Sexton - Episode 96
96: Saving with Steve with Steve Sexton - Episode 96
Saturday 8th February 2025
Steve Sexton and Angela Weifkopf discuss reverse mortgages, tax reduction, and smart financial strategies for a healthier relationship with money.
27 minutes
Informative
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Encouraging
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Non-judgmental
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Mindfulness & Emotional Wellbeing
Spiritual & Personal Growth Journeys
Mindful Recovery
Entrepreneurship for Personal Growth
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Get the buttons here!Financial Freedom: Reverse Mortgages and Smart Money Moves
Episode Overview
- Reverse mortgages allow you to access home equity without losing ownership.
- Rising interest rates and inflation can significantly impact your financial decisions.
- Understanding the real costs and benefits of reverse mortgages versus HELOCs.
- Proper financial planning can help secure a stable retirement.
- Common myths about reverse mortgages are debunked.
The bank never owns your home - you still retain title just like you would with any other mortgage product.
Ever wondered how to make your money work for you, even when the economy is a rollercoaster? In this episode of the UK Health Radio Podcast, Steve Sexton dives into the nitty-gritty of financial health, offering practical advice on everything from tax reduction to retirement planning. Steve is joined by Angela Weifkopf, a 20-year veteran of the mortgage industry, who sheds light on the often-misunderstood world of reverse mortgages.
Angela shares her personal motivation for helping seniors, inspired by her own family's struggles with elder care. She dispels common myths about reverse mortgages, explaining how they can be a lifeline for those looking to tap into their home equity without losing ownership. Steve and Angela discuss the real costs and benefits, comparing reverse mortgages to HELOCs (Home Equity Lines of Credit) and explaining why one might be better than the other depending on your situation.
They also tackle the impact of rising interest rates and inflation on your financial decisions, making this episode a must-listen for anyone looking to secure their financial future. Whether you're nearing retirement or just trying to get a handle on your finances, this episode offers valuable insights that can help you sleep better at night. So, why not take a break and give it a listen? You might just find the answers you've been searching for.