Reverse Mortgages Uncovered: How Kevin Guttman Helps Retirees Sleep at Night
The Mike Litton Experience
Mike Litton
5.0 • 1.2K Ratings
🗓️ 4 September 2025
⏱️ 37 minutes
🧾️ Download transcript
Summary
What if your home equity could be the solution to your financial peace of mind in retirement?
In this episode of The Mike Litton Experience, we sit down with Kevin Guttman, nationally recognized reverse mortgage expert, author, and passionate advocate for retirees. With over 20 years of experience in the mortgage industry, Kevin reveals the truth about reverse mortgages—clearing up common myths, and sharing powerful, real-life stories that will change the way you think about home equity.
From widows finding hope, to seniors finally being able to sleep at night—Kevin’s mission goes far beyond loans. It’s about freedom, dignity, and legacy.
What You’ll Learn:
-
The biggest misconceptions about reverse mortgages—and the real facts
-
How seniors are using reverse mortgages to stay in their homes, debt-free
-
Heartfelt client stories that show the emotional impact of Kevin’s work
-
How to preserve wealth, eliminate monthly payments, and live in peace
-
Why working with an honest, ethical mortgage professional makes all the difference
About Kevin Guttman:
Kevin is a licensed reverse mortgage specialist, author of The Swiss Army Knife of Retirement Cash Flow, and national speaker. His client-first approach and deep knowledge have helped hundreds of retirees regain control of their finances and their future.
Whether you’re a homeowner nearing retirement or a family member seeking options for a loved one—this episode is a must-watch.
Enjoying our content?
Hit LIKE, leave a COMMENT, and SUBSCRIBE to The Mike Litton Experience for more expert conversations that transform how you think about wealth, real estate, and life.
Don’t forget to turn on notifications so you never miss an episode!
Transcript
Click on a timestamp to play from that location
| 0:00.0 | And so at the closing table, I'm doing the math. So I know no mortgage payment, no credit cards. It came up to just shy of 1,200 the month. So I know the number. I say, hey, Carmen, tell me how this is going to help you. She kisses me on the cheek. It's the only time I've ever been kissed at closing. I had to go home and tell my wife, I got kissed at closing today by an 84 year old lady. |
| 0:21.8 | She kisses me on the cheek and she says, you know what? Now I don't have to worry about money. |
| 0:25.8 | I can sleep at night. So I literally am helping a lady right now. She has a $1.1 million home here in |
| 0:31.8 | Colorado Springs. And in our first phone call, she says, I've overbuilt, and I'm house rich and cash poor. |
| 0:38.6 | My house is free and clear. |
| 0:40.2 | This $1.1 million is sitting there doing nothing. |
| 0:43.0 | I want to tap into it. |
| 0:44.6 | And we just got the appraisal this morning, came in at 1.1. |
| 0:48.0 | And so now she's going to unlock some of that equity. |
| 0:51.2 | I think it's about 43% based on her age. |
| 0:57.8 | She's 75. And so she's going to use some of that equity. I think it's about 43% based on her age. She's 75. And so she's going to use some of it to pay off some credit cards on her car. She's going to free up the mortgage payment, |
| 1:03.7 | those payments. She's going to be about 2,500 in the month of the good cash flow wise. But then |
| 1:08.0 | the balance is going to stay in a line of credit. The genesis of this actually |
| 1:13.3 | was I took a few of them into the radio studio because we were cutting some radio spots. |
| 1:20.9 | And I left in tears. I was so impacted. I mean, I knew it had helped them, but I just left in |
| 1:26.7 | tears because I thought, this is so much better than I thought. And knew it had helped them, but I just left in tears because I thought, |
| 1:27.9 | this is so much better than I thought. And then I had the idea, well, maybe I should write a book |
| 1:32.9 | because people, when you bring up the topic of reverse mortgage, people are like, stay away. |
| 1:38.5 | I don't want to hear about that. Did you know there's a technology that's actually an app on your |
| 1:43.0 | phone that uses sound waves to tell your brain what you want your brain to do? |
| 1:47.8 | We had a young man that was a guest on our podcast, the Mike Lidden experience, who had a traumatic brain injury. |
| 1:53.6 | He was sleeping three hours a night. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Mike Litton, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Mike Litton and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.