Seniors Helping Seniors

Gary and Carol Packman, seniors themselves,  are dedicated to helping seniors enjoy a better quality of life through the prudent use of what is often their single largest financial asset.




Gary Packman is a Reverse Mortgage Consultant and president of Senior Equity Funding, a mortgage company specializing in reverse mortgages. As a retirement income consultant he is primarily focused on working with Financial Planners, CPAs, Insurance Professionals, and Attorneys, who for their clients are concerned with retirement income planning, asset protection, and portfolio endurance, generally mitigating the risk of clients outliving their assets.


Gary also works with Builders and Realtors to originate Home Equity Conversion Mortgages for home purchases, also known as the H4P, an FHA purchase money reverse mortgage for seniors. The H4P loan is an important sales tool for Realtors and Homebuilders because it allows seniors over the age of 62 to purchase a home and close simultaneously with a Reverse Mortgage in place. This gives the buyer the ability to either buy more house or conserve cash with a loan that has no credit,  income or FICO requirement and does not have any payments and is not due for as long as they live in the home as their primary residence.

Over the past 30 years Gary has been a Mortgage Banker with Westco Real Estate Finance and GMAC Commercial Mortgage, partner in a major mortgage brokerage firm, Center Financial Group, and the owner of his own FHA correspondent mortgage company originating both Forward and Reverse Mortgages.

In 2002 Gary formed the Builder Finance Division of the national builder software company, DealBuilder Inc. From 2002 until 2007 Gary was responsible for the financing of more than $500 million of land acquisition and development and construction financing for home builders. Gary was also a general partner in the development of 38 homes in Fresno California. Since that time Gary has run his own mortgage company, Senior Equity Funding, specializing in reverse mortgages in addition to working with MetLife Bank in 2011 as a Reverse Mortgage Consultant.

Gary is a member of the Southland Regional Association of Realtors, NAHREP, the National Association of Hispanic Real Estate Professionals, the Woman’s Council of Realtors, the 55+Housing Council, and the Building Industry Association of Southern California. He is also member of FPA, The Financial Planning Association, NAIFA, The National Association of Insurance and Financial Advisors, and the Los Angeles Estate Planning Council


Gary is an ex school teacher, (came to California for the summer of 1968 and never went back) native of Philadelphia and a Graduate of Temple University. Gary and his wife Carol have been married for 32 years and live in Sherman Oaks, Ca with their 30 year old Amazon Parrot named Packy and they enjoy playing golf together at Calabasas Country Club