In this Financial Sandbox episode, Herb sits down with Clay Selland —a Reverse Mortgage Specialist, CPA, and one of roughly 200 professionals with the CRMP (Certified Reverse Mortgage Professional) designation.
Clay breaks down what reverse mortgages are (and aren’t), how the FHA-insured version evolved, who they help, and why planning early can turn home equity into a powerful retirement tool—without the myths, fear, or late-night infomercial vibes.
What you’ll learn
- Reverse mortgage basics (FHA HECM & proprietary): how they work, common use cases, and guardrails like HUD-approved counseling.
- When to consider one: why learning about options at 62+—even if you don’t draw today—can set up a larger future line of credit.
- Portfolio protection strategy: using home equity as a buffer asset instead of selling investments in a down market.
- Estate & timelines: what really happens when a borrower passes, the typical 90-day/180-day communication windows, and why having a trust makes life easier for your heirs.
- Purchase with a reverse: how 62+ buyers can right-size—sometimes keeping more cash invested—with no monthly mortgage payment.
- Who it’s not for: situations where Clay advises clients not to do a reverse mortgage.
About our guest
Clay Selland, CPA, CRMP is a reverse mortgage specialist licensed across the Western U.S. He focuses almost exclusively on reverse strategies, with a passion for education and problem-solving so clients (and their families, CPAs, and advisors) make informed, confident decisions.
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Because investor situations and objectives vary this information is not intended to indicate suitability or a recommendation for any individual investor. The information herein has been prepared for educational purposes only and does not constitute an offer to purchase or sell investments. This material is not to be interpreted as tax or legal advice. Please speak with your own tax and legal advisors for advice/guidance regarding your particular situation. Securities offered through Concorde Investment Services, LLC (CIS), member FINRA/SIPC. Insurance offered through Concorde Insurance Agency Inc. (CIA). Thordwood Financial is independent of CIA and CIA.
