Reverse mortgages have one of the worst reputations in real estate - and most of it is based on outdated information, half-truths, or flat-out misunderstanding.

In this episode, I chat with mortgage expert Laura Phillips to unpack what a reverse mortgage actually is, how it works today, and where it can be a powerful financial tool.

In a market where property taxes are rising, insurance costs are climbing, and many homeowners are sitting on equity but short on cash… This conversation might change how you think about aging, equity, and staying in your home.

Key takeaways to listen for

What a reverse mortgage actually is and why it has a bad reputation
How seniors can use equity without selling their home
The shocking reason some reverse mortgages end in foreclosure
How this tool can help cover property taxes + insurance
Why real estate professionals need to understand reverse mortgages

Resources mentioned in this episode

About Laura Phillips

Laura is a seasoned mortgage professional with over 30 years of experience, specializing in reverse mortgages and helping clients navigate them with clarity and confidence. A proud member of the Boomer generation, she offers a highly personal, hands-on approach - guiding clients through every step of the loan process without call centers or intermediaries.

Originally from various states west of the Mississippi and with time spent overseas, Laura now calls Colorado home. She previously lived in Eldora at 9,000 feet and currently resides in Longmont. Outside of work, she enjoys Colorado's mix of refined dining and outdoor adventure, and treasures time with her two daughters, husband of over 40 years, and their German Shepherds.

Connect with Laura

Website: Reverse Mortgage Specialist - Laura Phillips
Facebook: Laura Phillips, CO Mortgage Lender NMLS 281098
Email: Laura@lauraphillips.com
Contact Number: 303-817-4611

About Leigh BrownLeigh Brown is a keynote speaker and leadership expert who helps organizations navigate growth, conflict, and change with clarity and courage.

Her message resonates with leaders facing real-world pressure—whether that's housing challenges, organizational friction, or cultural shifts.

Her latest book, Next Is Now, equips leaders to stop reacting and start leading with intention.

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