Reverse

Reverse mortgages are often misunderstood but can be an incredible resource for retirees.
As mentioned in the video, they’re not the perfect fit for everyone, but for many homeowners aged 62 and older, a reverse mortgage can offer financial flexibility and peace of mind.

• Reducing Financial Stress: Retirees can eliminate or reduce the burden of monthly mortgage payments and free up cash flow.
• Line of Credit as a “Buffer Asset”: Use a reverse mortgage line of credit for large expenditures or gifts without overly relying on (or dipping into) retirement accounts.
• Minimizing Income Taxes: By accessing funds through a reverse mortgage instead of making large withdrawals from taxable retirement accounts, you may reduce your taxable income and potentially lower your overall tax liability.
• Supplementing Retirement Income: A regular cash flow option to cover everyday costs, emergencies, or to maintain your lifestyle in retirement.
• Flexibility for Savers: Even if you have solid savings, a reverse mortgage can add an extra layer of financial security and versatility.

Want to see if a reverse mortgage is right for you or a loved one?
Click here to schedule a conversation.
I’m happy to talk about reverse mortgages, regular mortgages, and how they may fit into your overall financial plan.