Retirement Funding Solutions


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Contact: Marty Appel
Phone: 510-701-2167


Contact: Martha Echols
Phone: 925-914-9326


Retirement Funding Solutions (RFS) is an FHA-approved lender specializing in one thing and one thing only: reverse mortgages. Commonly known as the Home Equity Conversion Mortgage (HECM), it allows qualified homeowners, 62 and older, to withdraw a portion of their home’s equity, without the burden of a monthly mortgage payment.


Retirement Funding Solutions is a company founded by seasoned, recognized reverse mortgage industry leaders who are dedicated to serving the needs of senior homeowners and homebuyers. At Retirement Funding Solutions, we take pride in our core values of integrity, loyalty, diligence and compassion.


Retirement Funding Solutions’ dedicated Reverse Mortgage Specialists Marty Appel and Martha Echols provide personal service in the San Francisco Bay Area. They are here to meet with and educate homeowners, financial planners, attorneys and real estate agents about the many ways a HECM can help homeowners live more comfortably now and prepare for the future. Marty and Martha assure their clients, homeowners and buyers, that they are not alone, but are fully supported, as they decide on an HECM.


Meet Your Local Reverse Mortgage Specialists


Marty Appel


Marty has been a reverse mortgage specialist for more than 16 years. He has a reputation for being a patient and thorough counselor in guiding clients through the process of securing a reverse mortgage. He lives in San Leandro and helps older homeowners throughout the San Francisco Bay area. NMLS # 235426


Martha Echols


Martha has been in the financial services industry for more than 30 years; she’s served reverse mortgage borrowers since 2004. Martha strives to fully understand her clients’ needs and goals so that she can offer prudent financial solutions. Her no-pressure approach makes it easy for her clients to ask questions and get understandable answers. Although her office is in San Ramon, she frequently makes house calls, particularly to the senior community of Rossmoor in Walnut Creek. NMLS # 471830


FHA Reverse Mortgage (HECMs)


The HECM is the only reverse mortgage program insured by the federal government. It is meant to supplement the income of seniors and provide financial security after working years. Homeowners 62 or older who have paid off their mortgage or paid down a considerable about may participate in the FHA’s HECM program.


How the Program Works


The HECM converts part the home’s value into tax-free cash or a line of credit for the homeowner. This loan can be used to eliminate an existing monthly mortgage payment, increasing accessible cash, or to simply provide a future line of credit for increased peace of mind.


To aid in the process of determining whether an HECM is the right choice, homeowners must meet with an HECM counselor to discuss the program in detail.


Borrower Requirements


Among the things Martha and Marty go over with clients are the borrower requirements. In addition to one of the homeowners on the deed being 62 or older, requirements include:


  • Owning the property outright or paid-down a considerable amount;
  • Occupying the property as your principal residence;
  • Not being delinquent on any federal debt;
  • Having financial resources to continue to make timely payments of ongoing property charges such as property taxes, insurance and homeowner association fees;
  • Participating in a consumer information session given by a HUD-approved HECM counselor.


Accessing HECM Proceeds


There are four ways recipients can access their HECM proceeds.


  1. Lump Sum: One-time loan advance
  2. Tenure: Equal monthly loan advances as long as at least one borrower continues to live in the house as a principal residence.
  3. Line of Credit (LOC): Loan advances in an amount the homeowner chooses until the line of credit is exhausted.
  4. Term: Monthly advances for a period of months selected by the homeowner.


HECM for Purchase


This reverse mortgage includes an innovative program that creates a single transaction for homeowners wishing to purchase a new home. It allows clients to use the equity from the sale of one home (along with money from savings if necessary), to fund the purchase of a new home without a monthly mortgage payment.


Payment of Loan


The borrower is responsible to pay their property taxes, homeowner’s insurance, HOA dues and to maintain the property as their primary residence. No payment is required as long as they meet the above requirements. This is a non-recourse loan, so no loan deficit is passed on to the borrower or their heirs. FHA mortgage insurance fund will pay the shortfall, if any.


Synergy One Lending Inc. d/b/a/ Retirement Funding Solutions, NMLS 1025894. 3131 Camino Del Rio N 190, San Diego, CA 92108. Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act-California License 4131356. These materials are not from HUD or FHA and the document was not approved by HUD, FHA or any Government Agency.