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Your retirement resource.
Using a reverse mortgage for long-term care
When helping your clients make financial decisions for their future, it is essential to explore all options. Using home equity to increase cash flow in retirement is a popular option that allows seniors to stay in their homes without making monthly mortgage payments. Whether your clients need to pay...
Five Myths and Five Truths About Reverse Mortgages
Reverse Mortgages have been around for over 50 years and have gained quite a reputation in that time. In the early days of the industry, lenders focused purely on the value of a home. In 2015, the Reverse Mortgage program started adopting a regulation of "financial assessment." In this...
Rethinking retirement amid the COVID-19 crisis
As the stock market and US economy struggled in response to the coronavirus pandemic, experts revised the 4% rule to 3%, or even lower. Advisors should look beyond traditional investments and include household assets in retirement planning. Younger and mid-career workers who were lucky enough to keep their jobs during...
Using the reverse mortgage as a financially savvy tool
In the past, people used reverse mortgages as a last resort when they became cash-strapped in retirement. However, with the stock market and US economy struggling due to the coronavirus pandemic, retirees and investors are looking at the reverse mortgage as a financially savvy tool. “If you are trying to...
Investment strategies using a reverse mortgage
In this time when people are looking at their retirement portfolios and thinking, "wait a minute, I don't want to have to work five extra years to recover," reverse mortgages have been an increasingly popular tool. They are expected to grow in popularity. Everybody is watching what's happening and...
Are your clients looking for a tax-free source of cash-flow?
In challenging times, homeowners should look at their options to supplement their retirement cash flow needs. Reverse mortgages are offering outside-the-box cash flow options for people that are 62 and older. Generating retirement cash flow has rarely been as challenging as it is right now, thanks to a combination of...
3 Reasons to Consider Your Reverse Mortgage Options Now
It’s best to plan for retirement cash flow needs, and now is an ideal time for many homeowners to look at their options. In fact, those that believe that a reverse mortgage is a last resort may find that their options could be limited if they wait. Keep in mind, the reverse...
A lifeline for small business owners
If you are a small business owner, you probably feel the pressure from the COVID-19 trouble. Government officials are working to maintain the safety and health of the American people by encouraging non-essential small businesses to close. Unfortunately, the lack of activity during this time affects millions of people across...
How to Potentially Protect Your Client’s Portfolio with a Reverse Mortgage
“Using reverse mortgages as portfolio buffers and emergency reserve funds will help protect against the premature eroding of portfolio assets because of poor timing.”1 There are many ways a reverse mortgage can be used as a practical way to benefit your clients’ portfolios. If used strategically, they can even see...
Home Purchase with a Reverse Mortgage
HECM for purchase began with the passage of the Housing and Economic Recovery Act of 2008. Before this legislation, if a homeowner in retirement wanted to relocate, qualifying for the new home often proved difficult. They would have to be eligible to purchase a home through traditional means, establish their...
