For over 50 years, both Steven and his wife have been art collectors and have raised two kids. As an art history major, his wife is also a photographer who has recently been invited by the Chinese government to exhibit her work. “I love being able to support my wife in her profession,” Steven explains, “but a couple of years ago, I discovered my own passion for art, which takes a lot of time. My wife takes time, my law practice takes time, and my kids take time.”

The process didn’t begin with a hunt for a reverse mortgage.

Steven began to look at what financial alternatives were available to free up his time from his law practice, as he was spending half of his working hours just to pay off his conventional mortgage. In the process, he learned about jumbo reverse mortgage loans, which piqued his interest.

As a lawyer, he went about his process of discovery with complete due diligence in looking at all options. He even hired an attorney to review all the documentation on his reverse mortgage paperwork, which allayed any concerns he had, and went forward with his reverse mortgage with Finance of America. “The opportunity to take some of the equity out of my home without having to make repayment is significant to me.”

Steven reminds himself of this positive emotional change daily. He has been able to transfer the energy of making a living to doing other things that are more rewarding. He was able to purchase homes for both of his kids to give them more stability in their young careers. He is able to serve on two community boards in Santa Monica and is spending time on his own art.