As the Reverse Mortgage Specialist at Guild Mortgage, Tom King has spent the past six years dedicating his focus on educating seniors in the benefits of reverse mortgages. With the changes made by HUD, reverse mortgages can play an important role for seniors as a financial planning tool as recognized by many Certified Financial Planners. These changes protect the borrower and provide for greater benefits in accessing the equity in the home to achieve many different objectives, including paying off a current mortgage, setting up a line of credit, taking funds at closing, drawing funds on a monthly basis, or a combination of the above based on the amount of equity in the home.