Non-Borrowing Spouse Pitfalls. As with any new policy often more questions arise than answers. HUD’s recent Non-Borrowing Spouse policy is no exception to this rule. While benefiting younger spouses with the peace of mind of being able to remain in the home after the death of their spouse what pitfalls and problems can arise?
Continue readingThe Devil’s in the Details
Details. They can make or break a reverse mortgage professional. One missing item in a loan application can stop the wheels of progress. Incomplete or missing borrower notes can expose us to future liability issues.
Continue readingAway from Home Part 2: Retiring On the Road
Some adventuresome Boomers and those a shade ahead of them in years are choosing to take to the road: not simply to travel as “snowbirds” or full-time RV’ers enjoying the freedom of their golden years, but as purposefully engaged travelers seeking to give back in service.
Continue readingAn Ounce of Prevention?
Preventative Measures: Curbing Technical Defaults. An old saying reminds us “ An ounce of prevention is worth a pound of cure.” When it comes to technical defaults for HECM borrowers we may be seeking a cure but there are some preventative measure that can be taken today.
Continue readingThe Seven Habits of Highly Effective Reverse Mortgage Professionals
Effectiveness. It’s a crucial skill in the ever changing landscape of our industry and the increased time and energy required to succeed as an originator.
Continue readingLaw of “Attractiveness”? Rethinking Aging and Beauty
“My mother always used to say, ‘The older you get, the better you get. Unless you’re a banana.'” ~ actress Betty White, 92
The Law of Attraction is old news. But what about the Law of Attractiveness? Though it’s not readily talked about, it definitely exists, and it definitely affects women “of a certain age.”
For reverse mortgage professionals and the seniors they serve, what follows may be a revelation. While the information can apply to men, in our culture aging and appearance is predominantly a female issue.
Self-described “wacky wise woman” and author Ariel Spilsbury, 70, cavorted with ceremonialist Elayne Doughty, 45, in a deliciously playful webinar about redefining reality and aging through the lens of beauty.
Here are some of the powerful points and practices the duo shared to help us reimagine aging — and to own our beauty:
- (Ariel): As you age, the energy that you are starts turning inward, so you have more energy to focus on what’s really important. You recognize life’s impermanence…so you’d better get on with it! We’re literally “reading between the lines”: wrinkles are a road map of your soul; honor them!
- (Elayne): Becoming dependent on face creams is trying to eradicate parts of yourself; negation, not love. Practice: Elayne changed her whole ritual around how she takes care of her skin. She now creates her own skin care serum with essential oils and applies it with love and gratitude, taking time to honor herself as a beautiful woman.
- (Ariel): What is the connection between beauty and shared power? When one feels beautiful, one is more likely to want to share power, because there is nothing to compete with. (Elayne): When you put people — or flowers — together, something magical happens: they enhance each other’s power. Allow yourself to commune (the energy of becoming one with); this nourishes you. Practice: Commune with beautiful flowers for a frequency and coherency boost. Take time each day for a “beauty bomb”.
- (Ariel): What detracts from shared power? Comparison and competition, and seeing ourselves as “less than”: projecting disowned parts of ourselves onto others. Practice: Embrace anyone you’re in judgment or comparison with. If you can’t let them shine in their beauty and magnificence it’s because you can’t allow yourself to shine. Loving competition into dissolution has a de-wrinkling effect!
- (Elayne): We are like Nature: Nature simply exists to be beautiful. Beauty is as diverse as everything in Nature. And while the dormant phase is not necessarily beautiful, it’s part of the process: e.g., roses before they bloom. The alchemy of bringing all stages together germinates beauty from within. Practice: Own the entire cycle of beauty. Redefine what it means to age, to be a crone, to be beautiful at any age. That’s the whole point of taking beauty back inside.
- (Ariel): Use Light Body Magic Sizing Spray to magically “resize” yourself. Practice: Buy some Magic Sizing Spray and start loving yourself just the way and the size you are.
- (Elayne): To transmute the “Beauty Queen”/Beauty Contest mentality, she created crowns of flowers for herself and Ariel that they placed on one another’s heads. Practice: Crown a woman you’ve had comparison issues with, as the beautiful goddess she is. Crowning another means, I let go of needing to be the best, of the whole paradigm that only one can be the winner. When we let go of this notion we transform our perception. In your mind, crown everyone you know as the beauty they are. Beauty is not fixed: it’s the aliveness, the life force, coming through us.
- (Ariel): How do we become REAL? From The Velveteen Rabbit:
“What is REAL?” asked the Rabbit. “Does it mean having things that buzz inside you and a stick-out handle?”
“Real isn’t how you are made,” said the Skin Horse. “It’s a thing that happens to you. When a child loves you for a long, long time, not just to play with, but REALLY loves you, then you become Real.”
“Does it happen all at once, like being wound up, or bit by bit?”
“It doesn’t happen all at once. You become. It takes a long time. That’s why it doesn’t often happen to people who break easily, or who have sharp edges, or who have to be carefully kept. Generally, by the time you are Real, most of your hair has been loved off, and your eyes drop out and you get loose in the joints and very shabby. But these things don’t matter at all, because once you are Real you can’t be ugly, except to people who don’t understand.”
(Ariel): “Perhaps we are our own children, and the rabbits we love for a long, long time are ourselves. That very realness is what makes someone love you even more. Start to discern what is real, and what you have been enculturated to believe is real.”
- (Elayne): The archetypal challenge for us all is to really look at our lives and see how we’re still trying to get the love or approval we seek. The more you let go, the more real you become.
- (Ariel and Elayne): Practice: Break the projection of outward beauty by playing with it. Play is that place where we meet the creativity and spontaneity of the moment.
Beauty is a feeling, and what’s real is a feeling. So feel into the realness of your radiance, whether you’re wearing your role as a reverse mortgage expert or simply being the beautiful woman or man that you are. Let’s turn habits into rabbits, and exchange superficial behaviors and beliefs for real appreciation of our innate beauty!
If you try any of the Practices described here, or share them with your reverse mortgage prospects and clients, please share your experiences below for the benefit of others.
You only get one chance
Once chance. That’s all you get when it comes to making first impressions with your potential borrowers, outside professionals and others. Having spent numerous years in the field sitting at hundreds of kitchen tables as an originator and financial professional here are a few things I’ve learned or failed at in the past.
Continue readingNon-Borrowing Spouse Policy: A Wrench in the Gears?
What may have gone unnoticed by some may in fact turn out to be one of the most momentous policy decisions in the history of the HECM program: the non-borrowing spouse provision.
Continue readingShifting Your Mental Gears
We can find ourselves stuck in a gear mentally. It could be fear, doubt, unbelief, negativity or anger. So just how can we shift gears mentally to stop feeling bad? Here are a few things I’ve learned in recent years…
Continue readingA Year for Change (Part 2): Growing In Gratitude
What if gratitude became the focus of your life for a year? This world-bridging wisdom can serve as both template and platform from which to approach your HECM service — and your life.
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