Reverse Mortgage Company in Tacoma
Meet Jeff Mandels
Jeff Mandels
Reverse Mortgage Specialist
NMLS #220821
(206) 558-9022
Tacoma, Washington Reverse Mortgage Broker
Jeff Mandels and Barrett Financial Group make one of the most experienced and dependable teams to talk with about reverse mortgages in Tacoma – from Olympia to Yelm and anywhere across Thurston County.
Jeff is one of the nice guys and a real pro of the industry.
He began working as a mortgage loan officer in 1999 and has fine tuned his knowledge and skills over more than a quarter of a century in the Seattle area.
Jeff is now a senior mortgage loan originator but his talents are not confined to helping retirees stretch their wealth in their latter years.
He loves the theatre and he is a budding playwright.
His play ‘Leaving Brooklyn’ was produced by Queens Theatre in New York in the fall of 2018!
Jeff loves sports too and when he wasn’t watching football, he was an assistant softball coach for the Special Olympics in the four years prior to COVID.
The pandemic brought Jeff to Yelm, WA when he and his wife Deb left Sammamish to buy 10 acres of horse land she named ‘Admiralty Farm’.
Deb teaches people to ride while Jeff has quickly learned how to pick stalls, fix fences and drive a tractor.
“It’s beautiful here in the county,” Jeff said.
What is a reverse mortgage?
A reverse mortgage is a brilliant financial device that can open up enormous possibilities for seniors who fear their savings won’t last their retirement.
Specifically, it is engineered towards folks who are asset rich (or at least comfortable) but find themselves cash poor.
Reverse mortgages are akin to keys that unlock the power and value of your asset.
They allow retirees to access the money they have poured into their home, while having the luxury of continuing to live in it!
How good is that?
The result is money flowing back into your pockets while you remain in your family home rather than have to consider the unpalatable thought of having to sell it, just to put food on the table.
As long as you are 62 years of age or older, you may apply for this wondrous loan product.
Homeowners can be paid in several different ways including a lump sum payment, monthly installments, a line of credit or even a combination of all three.
With money flowing back into their bank accounts, they can then consider multiple ways to enjoy it – like taking that long overdue vacation, investing in home renovations or simply spoiling the grandchildren.
One of the best things about a reverse mortgage is that as long as the terms are met, there is no need to repay it until either the homeowner sells the residence or the last surviving borrower passes away.
Properties in Tacoma have enjoyed enormous appreciation in recent years and reached an average of $480,085 by December, 2025.
Housing prices have experienced a very small decrease of 1.1% over the last 12 months* bringing the average value down to $479,737 (https://www.zillow.com/home-values/27362/tacoma-wa/).
There are already 1,816 seniors in Tacoma taking advantage of a reverse mortgage with 121 discovering its virtues in the last 12 months*.
About Tacoma, Washington
Tacoma, Washington is a dynamic waterfront city with a rich blend of history, culture, and outdoor beauty. Located on the shores of Commencement Bay in the Puget Sound region, Tacoma has transformed over the years from an industrial hub into a thriving urban center with vibrant arts districts, scenic parks, and a welcoming community feel. Whether you’re drawn to museums, waterfront trails, or diverse neighborhoods, Tacoma offers something for every lifestyle.
One of Tacoma’s most notable attractions is the Museum District, where world-class institutions like the Museum of Glass, the Washington State History Museum, and the Tacoma Art Museum highlight creativity and regional heritage. The Museum of Glass in particular reflects Tacoma’s artistic identity with striking architecture and live glassblowing demonstrations that captivate visitors of all ages. Not far from the museums, Ruston Way Waterfront Trail provides a beautiful path for walking, biking, or enjoying a sunset over the bay.
Tacoma’s downtown and Hilltop neighborhoods are full of character, featuring local shops, craft breweries, and a growing culinary scene that celebrates Pacific Northwest flavors. Events like the Tacoma Night Market and community festivals give the city a friendly, community-centered energy. The revitalized waterfront area at the Port of Tacoma also draws locals and visitors for outdoor concerts, scenic views, and family-friendly gatherings.
Nature is never far away in Tacoma. Nearby Point Defiance Park is one of the largest urban parks in the country, with gardens, beaches, hiking trails, and the Point Defiance Zoo & Aquarium. Outdoor lovers also enjoy kayaking, sailing, and fishing on Puget Sound, as well as exploring nearby mountain trails in every season.
As a reverse mortgage loan officer serving Tacoma, I help homeowners tap into the equity in their homes to support a comfortable and confident retirement. Whether you’re looking to supplement your income, cover healthcare costs, travel, or simply stay in the place you love, I provide personalized guidance every step of the way. In a city as scenic, creative, and community-oriented as Tacoma, your home can play an important role in making your retirement years both secure and fulfilling.
Contact your Tacoma reverse mortgage lender today.
Jeff and his Barrett Financial Group team are ready and waiting to discuss the pros and cons of a reverse mortgage with anyone in the Seattle area who thinks it may benefit them.
Please call Jeff at (206) 558-9022 for a no-obligation assessment of your position.
*As of December 2025
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