Shattering the Myth of Reverse Mortgages with Debbie Bloyd - Episode 614
Investing in Real Estate with Clayton Morris | Investing for Beginners
Clayton Morris
4.1 • 1.1K Ratings
🗓️ 16 April 2020
⏱️ 35 minutes
🧾️ Download transcript
Summary
Reverse mortgages have gotten a bad rap in recent years. The mainstream media has touted stories of elderly people losing their homes, and creating a fear based narrative surrounding this product. But the truth is, a reverse mortgage can be a great option in certain situations.
On today's show, Debbie Bloyd from DLB Mortgage Services is here to debunk some of the biggest myths surrounding reverse mortgages. Debbie is well-versed in the mortgage industry and has over 15 years experience with reverse mortgages. You're going to learn some of the biggest misconceptions, the truth about how the product actually works, and more!
Transcript
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| 0:00.0 | Welcome in everyone to the Investing in Real Estate Show. I'm your host Clayton Morris, |
| 0:09.9 | longtime real estate investor a few years ago decided to leave the good old day job |
| 0:14.4 | the old 9 to 5 well actually for me it was morning television so it was 2 30 in the |
| 0:18.4 | morning until noon in favor of passive income and helping other people build wealth with intention. |
| 0:25.7 | That's what this show is all about to help you build financial freedom through financial |
| 0:29.8 | intelligence. |
| 0:30.8 | You have to have that financial intelligence piece first. |
| 0:33.6 | Otherwise, it will all fall apart if you're just chasing after money. |
| 0:37.3 | We've got a great show lined up for you today. |
| 0:39.2 | Debbie Bloyd is my guest, and she is the CEO of DLB Financial Services, mortgage broker specialist. |
| 0:46.0 | And today we're going to talk about something that I had heard about for years and I maybe it has, it's had a bad name over the years maybe it's maybe |
| 0:55.6 | maybe I've just been ignorant about it but we're gonna get some education today |
| 0:59.2 | about the idea of reverse mortgages and how it's a powerful tool for those nearing retirement. |
| 1:05.4 | Debbie hosts a radio show and she teaches people all over how to build wealth properly. |
| 1:12.3 | Debbie, welcome to the show. |
| 1:14.0 | Hi, thanks so much for having me. |
| 1:16.0 | Real pleasure having you here. |
| 1:18.0 | So what part of the world are you in |
| 1:20.0 | and tell us a little bit about your backstory. |
| 1:23.2 | How did you get started in this? |
| 1:25.6 | Well, I have a mortgage background. |
| 1:28.1 | So 23 years ago, I started helping people in mortgages, but I had come out of the insurance world. |
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