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The Mortgage Note Podcast: Patrick Halonen Discusses Importance of Financial Options for Seniors

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With nearly $14 trillion in home equity held by Americans 62 and older,1 more homeowners in their 60s and 70s are giving reverse mortgages a fresh look. In a conversation with The Mortgage Note’s Scott Kimbler, Patrick Halonen—Longbridge Financial’s Head of Credit Policy, Underwriting, and Quality Control—shares how these loans can help retirees tap their home’s equity for renovations, the rising cost of living, health care, and more, all while staying in the homes they love.

Drawing on 25 years in financial services, Halonen explains the difference between reverse mortgages and traditional home equity loans, why proprietary products open new doors for borrowers, and how Longbridge is helping people age in place with dignity.

Plus, he shares how a recent conversation with his uncle reaffirmed the importance of having financial options as we age.  

Listen to the podcast and read the article from The Mortgage Note here.

1 https://www.nrmlaonline.org/about/press-releases/senior-home-equity-stands-at-13-91t

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For information on how we collect and use personal information, please see our Privacy Notice.