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Welcome to your local reverse mortgage lender.  We are located at Wadsworth and Bowles in the Wells Fargo building.

Please allow us to help with through the Reverse Mortgage process. 

I will start with saying if you can give us 5 minutes of your time for a free consultation please give either Pete or Cindy Holst at


                           Reverse VisionTM certified

        9 year winner of 5280 magazine's Top Loan Officer

                           The Holst Mortgage Group BBB Business Review

Reverse Mortgage Costs;

Flat origination fee;   $2,500

Closings costs;          $3,000

FHA upfront mortgage insurance is 2% of your appraised value.  So a $300,000 appraised value equals $6,000 in FHA mortgage insurance.

Helpfull Links to online research;

Link to AARP reverse mortgage guide

Wikipedia guide to Reverse Mortgages

This is the HUD (US department of Housing and Urban Development) link;

HUD link

Here is a link to a basic Reverse Mortgage calculator;

Reverse Mortgage Calculator

Here is a link to a great retirement planning blog;

Retriement Guy Blog

25 Ways to use a Reverse Mortgage

1.  Salary Replacement-  Additional income to you

2.  Work Interuption-  Staying afloat when your income gets reduced

3.  Pay off our mortgage-  Get rid of your mortgage payment

4.  Buy a new home-  Qualify for a new home with no payment

5.  Home modification-  Convert a room or basement to a living facility for an aging parent, relative or caregiver.

6.  Remodel-  Update your home

7.  Between jobs-  Supplemental income to cope with life's suprises

8.  Lengevity Insurance-  Using home equity to "insure" retirement success

9.  Help Adult Children-  Support your family when they need it

10.  Grandchildren's College-  Assuirng a good education.  Pay off their student loans.

11.  Filling the gap until social security-  The years between work and paly

12.  Health Insurance-  Bridging the gap until Medicare kicks in

13.  Medicare Parts B and D-  Closing the copay gap

14.  Long-Term Care-  Pay medical costs and purchase insurance

15.  Stay in Your Home-  And be able to afford it

16.  Accidents and Care-  Paying your short term needs

17.  Portfolio Growth-  Avoid tax consequences of selling off other assets in a down market

18.  Eliminate credit card debt

19.  Monthly Expenses-  Supplement your Social Security and savings

20.  Real Estate taxes and property insurance-  Never miss payments

21.  Health related technology-  Enable yourself to live at home alone

22.  Standby cash reeserve-  Cash gives you options

23.  Retirement plans, Estate Plans and Wills-  Plan for the future

24.  Maintain a line of credit-  Flexible cash reserve

25.  Bucket List-  Live your dreams while you still can!