Stephen Pepe

Stephen R. Pepe, NMLS# 485943 is a Reverse Mortgage Consultant based in Milford, MA.  He earned his JD from Suffolk University Law School in 1998 and, in 2006, pivoted his career to originating reverse mortgages.  Steve is a former AARP Foundation-certified reverse mortgage counselor and an active member of various professional associations and bar associations.  Steve is a frequent contributor in print, radio, and television, as well as a CLE lecturer on the topic of reverse mortgages. 

Join Steve as he reviews the basic features of the FHA-insured Home Equity Conversion Mortgage (HECM) and demonstrates six scenarios where monetizing home equity through a HECM can be an effective solution for homeowners aged 62+.  Those scenarios include:

• Improving liquidity
• Paying off other consumer debt like mortgages, home equity loans, and credit cards
• Planning for changing healthcare needs
• Mitigating sequence of return risk
• Grey divorce
• Purchasing a new home