How The New & Improved Reverse Mortgage Can Change Your Retirement

“How The New & Improved Reverse Mortgage Can Change Your Retirement”

“How The New & Improved Reverse Mortgage Can Change Your Retirement”
Want to know how the new changes in the government-backed Reverse Mortgage program can brighten your retirement?

#JoGarner #MortgageExpert #loanofficer (901) 482-0354
#JohnLuddy #ReverseMortgageSpecialist Supreme Lending also featuring #PrestonWilson #estateattorney prestonwilsonlaw.com

Subscribe for weekly Real Estate Mortgage Shoppe podcasts with show notes www.JoGarner.com
#reversemortgage #ageinplace #betterretirement

LET’S GET STARTED…(Jo) (Good morning, Memphis! Welcome to our internet listeners and podcast listeners across the 50 states! . You’re on Real Estate Mortgage Shoppe. I’m your host, Jo Garner, Mortgage Loan Originator, helping you get the right mortgage for your home purchase or refinance. I can make the mortgage process EASY. Connect with me at www.JoGarner.com. Our topic today April 25^h, 2026 “How The New & Improved Reverse Mortgage Can Change Your Retirement.” Thank you to real estate attorneys, Rob Draughon and Shelley Rothman of Griffin, Clift, Everton and Maschmeyer Law Firm. For your home purchase or refinance call Rob and Shelley to handle your title work and closing (901) 752-1133.

Introducing John Luddy, Senior Vice President of Reverse Mortgage Lending at Supreme Lending

For the first time in the Real Estate Mortgage Shoppe studio, we have a true and seasoned expert in Reverse Lending. My colleague John Luddy, Senior Vice President of Reverse Lending at Supreme Lending. John you have spend over 40 years in the mortgage business and the last 25 years you have focused on giving clients the best service with reverse mortgages. You have so many client success stories to share, which I hope you will to for us today. (John Luddy has about 1.5 minutes to talk about himself and the types of services and products he offers his clients. )

(Jo) Over the course of several years, I have talked with so many mortgage clients who worked every day so that one day they could retire, and live life at a slower pace, with no house payment and money left over for a vacation, a cruise or some other items on their bucket list.

But somehow life situations kept getting in their way. Some of these clients had investments that could be reallocated to provide them more income. A few owned their house free and clear or almost had their mortgage paid off but no sustainable options for gaining any additional income. Ms. Opal Osborn was one of those clients.

Reverse Mortgage The Solution To Remain In Her Home-Opal Osborn’s Story

Let’s start with Opal Osborn’s story (not her real name.) Ms. Osborn’s husband of 50 years had passed away. She did not have much money left after her husband’s death, but she owned her home worth about $175,000 free and clear.

Her son called me after listening to Real Estate Mortgage Shoppe and told me his mother wanted desperately to continue living in her home but needed money to make some repairs and, after her husband passed away, she lost some of the income they had been enjoying. She was going to be forced to move unless we could find a solution. After checking into some things, we were able to get Ms. Osborn approved for a reverse mortgage where she could get part of the money upfront to make the needed repairs on her home and then she could receive income each month from the reverse mortgage program. The reverse mortgage was a god-send for Ms. Osborn.

Today, we are seeing so many improvements with the government-backed Reverse Mortgage products, that provide safeguards to the homeowners and their families. My colleague, John Luddy, is a wealth of knowledge and solutions for people who have not realized yet that the REVERSE MORTGAGE is the key to getting quicker to the life they have always yearned to live.

What do you want to accomplish with YOUR mortgage? I can help you find the right mortgage and make the process EASY for you. Connect with me Jo Garner at www.JoGarner.com

John Luddy, you are the expert of experts on Reverse Mortgage Lending. Please jump in and share your knowledge about how reverse mortgages work and how some of our listeners can benefit from this type mortgage. (John has about 5 to 6 minutes in this first segment until the advertising break -to be continued after the break)

(John Luddy starts launching into his topics, adding some good stories to illustrate his points and some analogies to help people grasp the reverse mortgage concepts)

OUTRO: You’re on Real Estate Mortgage Shoppe. I’m your host, Jo Garner, Mortgage Loan Originator. What do YOU want to accomplish with YOUR mortgage? I can make the mortgage process EASY for you with the right mortgage. Connect with me at JoGarner.com When we come back, we will be hearing more from John Luddy, Senior Vice President of Reverse Mortgage Lending with Supreme Lending. Probate, Trust and Estate Attorney Preston Wilson will be joining us too. See you back in just a moment.

2nd segment is after first break 8 minutes 50 seconds

( Waaka Waaka song in background ) COMIC QUERIES (you probably already know the answer, but we will ask anyway

(John) Riddle #1 I come in a pair, I make you look intelligent, but I often go missing when you need to read the menu. What am I?
(Jo) Answer: Reading glasses.

(Jo) Riddle #2: When is the best time to start thinking about your retirement?
(John) Answer: Before the boss does.

Today on Real Estate Mortgage Shoppe we are talking about “How The New & Improved Reverse Mortgage Can Change Your Retirement”

I’m your host, Jo Garner, Mortgage Loan Originator . For your home purchase or a mortgage refinance you can brag about,. We can find the right mortgage product and make the mortgage process EASY on a traditional mortgage, on special programs and outside-of-the-box mortgage programs too. Connect with me at JoGarner.com

John Luddy, Senior Vice President Reverse Mortgage Division at Supreme Lending

TALKSHOPPE TIP

www.prestonwilsonlaw.com

Talk Shoppe is one of our major sponsors on Real Estate Mortgage Shoppe. Talk Shoppe offers free networking and education to our local business community. If you join the Talk Shoppe Sponsor team, you can get a wide variety of marketing venues at a below-market price. www.TalkShoppe.com

Attorney Preston Wilson of Wampler, Carroll, Wilson, Sanderson Law Firm is here with a tip for us today. Preston, you help your clients with Probate, Estate Planning, Business Law, Bankruptcy and Trust services. Preston Wilson, what is our tip today?

Preston gives his tip: (about 1 minute) Insert Preston’s tip here
#1 tip Hope is NOT a plan. Just telling someone verbally that you want them to inherit your home or other assets, does not guarantee your wishes will be following at your passing. Attorney Preston Wilson can help you put together a legal will or trust and set up your estate to be handled the way YOU want it handled—in writing

____________________________________________________________

TOPICS COVERED BY JOHN LUDDY, HEAD OF THE REVERSE MORTGAGE DIVISION AT SUPREME LENDING
https://JoGarner.SupremeLending.com

John, could you briefly describe a reverse mortgage and tell us some of its benefits to our listeners.

Who qualifies for a reverse mortgage and can you give us what your typical client looks like?
(Can you share an example story (without sharing the client name or too many specific details?)

How do we determine how much money a client qualifies for?

How does the client? Get to take the money. Is it monthly or all at once?

(Can you share an example story that illustrates this discussion topic (without sharing the client name or too many specific details?)

What if a client already has a mortgage?

What are some of the uses for the money? From the reverse mortgage.

Is this money taxable ?

Supposing some of our listeners had looked into a reverse mortgage in the past and for one reason or another decided not to go forward, why should they reconsider it today?

Can I use a reverse mortgage to purchase a home?
(Can you share an example story that illustrates this discussion topic (without sharing the client name or too many specific details?)

What happens when I pass?
(Can you share an example story that illustrates this discussion topic (without sharing the client name or too many specific details?)

After I closed on a reverse mortgage, do I still own the home?

Supposing my home is already in a trust, can I still take out a reverse mortgage?

What does the process of applying for reverse mortgage look like for a client today?
(Can you share an example story that illustrates this discussion topic (without sharing the client name or too many specific details?)

3^RD SEGMENT 12 minutes

( Brighter Tomorrows Song playing in background)

For Did You Know today…(see if you can guess the answer before we do)

Preston Wilson to ask the questions and give the hints

Question: What is the name of this special club in Memphis and the surrounding area?

Hint# 1: This club is open to residents of Memphis and surrounding communities across West Tennessee who have hit that awe-inspiring 100-year birthday mark (or older)

Hint #2: Every inductee into this special club will receive a personal letter from the Mayor and a commemorative certificate recognizing their 100th birthday and their invaluable contributions to our community

Jo Garner to give the answer

ANSWER: Memphis Century Club To nominate someone YOU know who is over 100 years old, google Memphis Century Club or go to this link on the Jogarner blogpost https://memphistn.gov/century-club-nominations/

Today on Real Estate Mortgage Shoppe we are talking about “How The New & Improved Reverse Mortgage Can Change Your Retirement”

John Luddy, Senior Vice President Reverse Mortgage Division at Supreme Lending
Attorney Preston Wilson, Wampler, Carroll, Wilson and Sanderson Law Firm www.PrestonWilsonLaw.com

TOPICS COVERED BY JO GARNER, LICENSED MORTGAGE OFFICER

Dreams come true for these clients who used a Reverse Mortgage

Sid Stenner Takes Clever Steps to Safeguard His Income and Savings With the Right Mortgage Loan

Sid Stenner has been living alone for the last several years and doing just fine on his fixed retirement income and the money he makes in his small home-based business.

A few years ago Sid needed money for his business and he took out a bank loan secured on his home. This loan was quick and easy when he got it, but now the fixed rate term is ready to switch to a variable interest rate. He also used some variable interest rate credit cards and still had unpaid balances lingering.

Today seemed like a good time to somehow convert the risky variable rate debt to a safer fixed rate. But how?We looked at several options.

Back a few years ago, when Mr. Stenner and I were working together, he wanted to use a Regular Forward Mortgage, instead of the Reverse Mortgage for the first phase of his retirement plan. It is time to relook at the Reverse mortgage option though.

Mr. Stenner decided to refinance his home and replace his risky variable rate mortgage with an affordable, fixed rate mortgage. He decided to roll into this refinance loan the variable credit card balances too. The interest on his credit cards had jumped up really high (today many people are paying over 20% interest on credit cards.)

Mr. Stenner’s rate on his new mortgage would stay low and the variable rate from credit cards would be gone too. Those cards would be paid off with the new loan from the refinance.

Mr. Stenner said, “I’m going to work another five years, if the good Lord lets me. While I have both my retirement income and my business income, I’m going to pay extra each month to get my mortgage paid down as low as possible. Then when I retire, I might refinance to a lower payment or get a reverse mortgage.” Mr. Stenner was thinking ahead and preparing a good life for himself now and later.

If you are interested in reducing your overall monthly debt with a home refinance to consolidate other higher costs debts, connect with me at (901) 482-0354. I can help you find the right mortgage and make the process easy. Connect with me at www.JoGarner.com

Carter and Claire Caldwell story– Bounding over Barriers To Be With The Grandbabies

Here is a brilliant idea from one of my past “rock star” mortgage clients. Carter and Claire Caldwell were both over 62 years old. They loved their home next to the lake and their longstanding neighbors and friends. But, the Caldwell’s yearned to spend time playing with their toddler grandchildren who lived several hundred miles away. These grandparents were motivated to financially mastermind a way to get a second home near their grandkids. Want to know their brilliant idea????Since the Caldwell’s were over 62 years old and they had paid off their mortgage early, they applied and got a Reverse Mortgage. The Reverse Mortgage on their primary residence was now paying them each month, so they had the income to afford to spend a five whole months at a time playing and making memories with the grandkids. If you want to see STUNNINGLY BRILLIANT strategy, observe what happens when grandparents are determined to spring themselves across the miles to hold their grandbabies in their laps.

MAKE YOUR PLAN. LET’S WORK YOUR PLAN. IF THE DEAL WORKS FOR YOU TODAY, LET’S DO IT TODAY. I can make the mortgage process easy. Connect with me at www.JoGarner.com You can email me at Jo@JoGarner.com or call me at (901) 482-0354

4^th Segment 8 minutes and 50 seconds

(THE SONG UpBeat Inspirations PLAYING IN BACKGROUND ) INSIGHTS & INSPIRATIONS

It is Never to Late To Live Your Best Life

She had worked hard her entire life—long days, tired hands, and years spent taking care of others. But in her mid-70s, something changed. The very thing she loved to do—fine, detailed needlework—was taken from her by arthritis.

Most people would have slowed down. Settled in. Accepted that their best years were behind them. But not her. At 76 years old, she picked up a paintbrush for the very first time.

Day after day, she painted—simple scenes of country life, barns, fields, and memories that felt warm and familiar. Over the next 25 years, she created more than a thousand paintings. At 78 years old, someone finally noticed. Her work spread across the country… then across the world.

By the time she passed away at 101, Grandma Moses had become one of the most celebrated artists of her time. Her paintings would go on to sell for over a million dollars, and even a U.S. president said her work inspired a nation.

All from a woman who didn’t even begin until most people think it’s too late.

It is not too late for you to live in a house you own, or use a reverse mortgage so that you can live your best life without having to make a mortgage payment. Call or text me today at 901 482-0354. I can assist you with getting the right mortgage , and making the process EASY. www.JoGarner.com

Today on Real Estate Mortgage Shoppe we are talking about “How The New & Improved Reverse Mortgage Can Change Your Retirement”

John Luddy, Senior Vice President Reverse Mortgage Division at Supreme Lending
Attorney Preston Wilson, Wampler, Carroll, Wilson and Sanderson Law Firm www.PrestonWilsonLaw.com

REAL ESTATE TIP OF THE WEEK

Attorney Preston Wilson, Wampler, Carroll, Wilson & Sanderson, P. C. Attorneys at Law offers his tip from his industry (about 1 minute)

John Luddy, Supreme Lending has about a minute to offer a quick tip from the Reverse Mortgage desk Tip: Don’t procrastinate! Start investigating YOUR options for financing and planning for your retirement TODAY. If you are over 62 years old, call us and let’s look at what the terms would be on YOUR reverse mortgage scenario.

Jo Garner’s tip :

Do you want to buy a house or refinance your mortgage but you seem to be hitting a barrier that is keeping you from moving forward? There are more creative solutions than you can count. You just need a real person to hear your story and take the time to help you set up your strategy.

Call or text me today at 901 482-0354 or go to www.JoGarner.com

ANNOUNCEMENTS:

Talk Shoppe equips with education, engages by offering connection opportunities between business people and empowers businesses in a supportive community. Talk Shoppe meets every Wednesday 9A-10A CT at Independent Planning Group’s conference room 110 at Clark Tower 5100 Poplar Ave 1^st floor Memphis, TN

(Thank you Ben Hunter 901 660-2912 outstanding Financial Professional at Independent Planning Group for being Talk Shoppe’s location sponsor)

Talk Shoppe on Wednesday April 29th , 2026 9AM CT Join us at Talk Shoppe and enjoy being part of Pitch and Fix. You can talk about the service or product you offer. You can describe a business challenge or new idea with the group and get live feed back from the group.

Thank you to Donna Roach of Hearthside Senior Living in Bartlett, TN 901 651-2503
My own family member has lived at Hearthside and loved it. The key to the “Spirit of Hearthside Senior Living”, where they listen not only with their ears, but with their hearts. Hearthside Senior Living, a retirement community with assisted living licensure, was designed with your health, independence and happiness in mind. For you or your loved ones, contact Donna Roach at 901 651-2503.

MAKE YOUR PLAN. LET’S WORK YOUR PLAN. IF THE DEAL WORKS FOR YOU TODAY, DO IT TODAY.

Subscribe for weekly Real Estate Mortgage Shoppe podcasts with show notes at www.JoGarner.com

SPECIAL NOTE: REAL ESTATE MORTGAGE SHOPPE DOES NOT ENDORSE 100% OF THE CONTENT ON THIS EPISODE. REAL ESTATE MORTGAGE SHOPPE RECOMMENDS THAT YOU CONSULT WITH A FINANCIAL, LEGAL OR OTHER CERTIFIED, LICENSED PROFESSIONAL BEFORE ACTING OR INVESTING ON ANYTHING YOU HEAR OR SEE FROM THE CONTENT ON THIS SHOW OR BLOG POSTS. THE INFORMATION WE SHARE ON REAL ESTATE MORTGAGE SHOPPE IS GENERAL IN NATURE MEANT FOR GENERAL EDUCATIONAL PURPOSES ONLY, AND NOT AN OFFER TO LEND. EXAMPLES GIVEN FOR ILLUSTRATION PURPOSES ON REAL ESTATE MORTGAGE SHOPPE AND MOST ARE BASED ON TRUE STORIES BUT WE USE FICTIONAL CHARACTERS AND DO NOT DIRECTLY REFLECT REAL PEOPLE OR EXACT DETAILS IN ANY OF THE SITUATIONS. JO GARNER IS A LICENSED MORTGAGE LOAN ORIGINATOR. (EQUAL HOUSING OPPORTUNITY)
(The Auditory version of this disclosure is played during the show)

QUOTE CORNER: “I run like the winded.” A quote from Facebook
“The older I get, the earlier it gets late.” Another quote from Facebook

ACKNOWLEDGMENTS AND CREDITS

REJOINDERS:

Ed Hill of Masters Roofing in Bartlett, TN 901 273-6594
Craig and Karen Meadows, Meadows Homes www.MeadowsHomesofMS.com
Rob Draughon and Shelley Rothman of Griffin, Clift Everton and Maschmeyer Law Firm 901 752-1133

Transitional Music: First Segment “WAAKA WAAKA” (PD) for Comic Queries; “Brighter Tomorrows” by Stocktunes for Did You Know segment; “Upbeat Inspiration” by Ikoliksaj for Insights and Inspiration segment.

INTRO AND OUTRO THEME MUSIC “Country Roads” by Sergie Pavkin

PICK UP YOUR COPY OF “CHOOSING THE BEST MORTGAGE-THE QUICKEST WAY TO THE LIFE YOU WANT” by: JO GARNER

An essential guide for real estate professionals and their customers.

On Amazon and Barnes and Noble

ABOUT JOHN LUDDY, Senior Vice President of Reverse Mortgage Lending Supreme Lending (NMLS# 74875)

https://jogarner.supremelending.com

With 40+ years in the mortgage industry and over 25 years specializing in reverse mortgages, John Luddy is one of the most trusted and recognized voices in the space. He began his career at McCue Mortgage as a Loan Originator, rose to SVP at Campbell Mortgage, and spent a decade leading reverse lending at Norcom Mortgage—before joining Supreme Lending in 2024 to build and lead its dedicated reverse mortgage division nationwide.

Beyond lending, John has training and mentored hundreds of Loan Officers on how to confidently enter and succeed in the reverse mortgage space. Known as an educator, advisor, and trusted guide, he has a gift for making the complex feel simple-and the intimidating feel possible.

ABOUT JO GARNER-MORTGAGE LOAN OFFICER:

www.JoGarner.com (901) 482 0354 jo@jogarner.com X @jogarner NMLS# 757308
(currently working with Everitt Financial dba Supreme Lending)

ONLINE LOAN APPLICATION : https://jogarner.supremelendingLO.com
“Whatever YOUR personal priorities are, my job is to help you get the mortgage terms that will give you bragging rights when you talk about it and help you score on hitting your goals .”

As a mortgage loan officer, my job is to help you get to the benefits you want from your financing terms. What is most important to you? I can help you find the financing terms that will help you get to what you want. What is your comfort level on a house payment? How much are you comfortable paying down,? What type of financing do you need to get the house you want to buy or refinance?

Different clients have different priorities in life—some are buying their first home with very little down payment funds. Some are recovering from medical challenges, divorces or preparing to send children to college and some are embarking on a long term goal of buying properties to build rental income.”

Jo Garner is a mortgage officer with extensive knowledge in helping her clients find the right mortgage program and making the refinance or home purchase mortgage process EASY. She offers conventional, FHA, VA or other loan programs for primary residences, second homes and investment properties.

Jo can help you look at rent vs buy, when it makes sense to refinance, how to get the best deal on your home purchase financing.

Jo Garner has been in the real estate/financing business for over 30 years. She grew up in West Tennessee and got her start in real estate in Portland, Maine where she first began her real estate career. She received her real estate education from the University of Southern Maine and was personally mentored in San Diego, California by Robert G. Allen, author of Nothing Down, Creating *Wealth and The Challenge.

On moving back to West Tennessee in 1987, she went into business buying and selling discounted owner-financed notes secured on real estate. In 1990 Jo went to work for a residential mortgage company and has been a mortgage loan officer for over 30 years.

In addition to her work in the mortgage field, Jo Garner is the primary sponsor and founder of Talk Shoppe in Memphis. www.TalkShoppe.com Jo Garner also host the radio show Real Estate Mortgage Shoppe airing on the Mighty 990 AM, 107.9 KWAM & streaming on the app https://mighty990.com/app with podcasts and show notes published on www.JoGarner.com Pick up Jo Garner’s book on Amazon or Barnes Noble “Choosing the Best Mortgage-The Quickest Way to the Life You Want”

How The New & Improved Reverse Mortgage Can Change Your Retirement

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