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How to Establish a Put on Your Home

How to Establish a Put on Your Home

How many of you would have loved to have had an affordable means of effectively purchasing a Put Option on your primary residence insured by the US Government prior, or even during, the housing crisis? This is what a Reverse Mortgage provides for eligible homeowners. It's a very attractive form of diversification as well for people that have significant equity in their homes. It will allow you to liquefy a portion of your home equity and supplement retirement income at the same time while locking in your home value benefit level.


What does this mean for an eligible homeowner? If your property increases in value, you still own your home, so you now have more equity. However, if your home declines in value significantly, as it did for many during the crisis, or if your cumulative equity withdrawals exceed your home’s value at a point in the future, it is to the lesser extent not your problem. The benefit level of your reverse is locked in, effectively providing you a put on your real estate. As long as it is your primary residence, a homeowner will continue to receive all the benefits a Reverse Mortgage offers for life regardless of actual remaining home equity.


I am eager to help all advisors that are interested open new horizons with the understanding of Reverse Mortgages and how they can provide long term benefits and stability for their clients and their families.


George H. Omilan
President-CEO - NMLS# 873983
Jefferson Mortgage Group LLC - Mortgage Specialist

Programs:  Traditional QM (Fannie Mae, Freddie Mac), government insured HECM Reverse Mortgages, and Non Traditional Non-QM Mortgages commonly referred to as Specialized Forward Mortgages including “Alt-A Investor loans” and DSCR (Debt Service Coverage Ratio) loans up to 85% LTV, both Full doc and No Income-No Employment (No Doc) for the investor community. Our expanded niche products also focus on the more traditional FHA & VA with Lower Score and higher Debt-to-Income Options, Fixed & Variable Jumbo loans, and Private Label Reverse mortgages for higher priced homes. We are also highly focused on specialized loans for the Self-Employed borrowers with our Bank Statement & Asset Dissipation Programs. We are committed to offering a full range of “Non-QM Loans” for expanded qualification, where the banks and large-scale lenders dare to go.

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