Of the challenges that financial planners face in shepherding clients through retirement, cash flow and risk management are among the most common. The reverse mortgage loan line of credit offers immediate solutions for both of these issues. Read on to learn more!
There are many older-adult homeowners who would like to downsize, upsize, or right-size into their dream home — or a new home that simply better meets their lifestyle in retirement. The Home Equity Conversion Mortgage for Purchase (H4P) can make their dreams come true.
Today’s reverse mortgage loans are not the same as they were even a decade ago, and it is to your advantage to take a fresh look at them, as they can often be a viable solution to many of the financial challenges that retirees face.
Reverse mortgage loans have become an increasingly popular tool for financial planners. Read on to learn the Top Four Reasons for you to bring them into your financial planning toolkit.
While home equity is certainly good, it isn’t necessarily the best form of wealth for everyone. The way reverse mortgage loans turn home equity into cash offers additional advantages that you may not be aware of. Read on to learn the top five!
But let’s assume you are already 62 or better and seek to one day leverage your home equity via a reverse mortgage — should the wait to get one continue or is acting now the optimal strategy?
When it comes to making savings last over a lengthy retirement period, retirees have no shortage of obstacles to contend with. Here are three ways people 62 and older (working in tandem with their advisors) can incorporate reverse mortgages into sound retirement plans to potentially improve retirement outcomes.
U.S. homeowners aged 62+ saw their home equity soar to a record $10 trillion in 2021, making it prudent for homeowners and their advisors to discuss ways to incorporate housing wealth into retirement planning decisions.
If you ask people what they think about reverse mortgages, you are sure to get some strong opinions. Unfortunately, many people form those opinions based on misconceptions about the way reverse mortgages work.