Seniors Home Reverse Mortgage
Meet the Team
Jack Wilkes - Founder & President
As the founder and President of Seniors Home Reverse Mortgage Inc., Jack Wilkes works tirelessly to assist senior citizens throughout the Southeast in learning and obtaining FHA insured Reverse Mortgages. Jack left the corporate world to open Seniors Home Reverse Mortgage after his own personal experience assisting his mother with obtaining reverse mortgage information was filled with frustration and disappointing information.
Jack is dedicated to providing quality information and guidance to seniors. He frequently makes community education presentations on Reverse Mortgages for Community & Civic groups, Senior Centers, Churches, Universities, YMCAs and Lions Clubs across the Southeast.
Jack is a former member of the Advisory Council at Georgia Cares, a division of the Georgia DHR. and served on the Board of Directors at the YMCA, Villages at Carver in Atlanta. He has taught Reverse Mortgage workshops at Clayton State University. Jack is a U.S. Navy Veteran.
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Fast Facts
Reverse mortgages allow you to convert equity in your home into supplementary cash to use whenever, and however, you wish: as a lump-sum, monthly payment or as a line of credit you can tap as needed. The loan does not have to be repaid as long as you continue to live in your home.
The loan is backed and guaranteed by the Federal Government.
The home must be your primary residence.
Title to the property remains in your name.
Borrower must pay property taxes, hazard insurance and keep the home maintained.
You do NOT make monthly payments. EVER!
Cash received is TAX FREE!
You own your home – no different than a traditional mortgage.
Social Security benefits and Medicare are generally not affected by a reverse mortgage – consult your tax advisor.
