Tag: reverse mortgages

A reverse mortgage can be a good way to supplement cash flow in retirement, or open a line of credit for unforeseen future expenses. But it’s not for everyone. Here are 5 reasons a reverse mortgage might not be right for you. 1. You are planning to move soon. While there is a fairly new…

Many retirees consider their home equity as part of their retirement plan. Because it is an investment that has grown over time, it’s often a major consideration as an asset that can be used to help influence cash flow and/or savings in retirement. If you have been considering a reverse mortgage as a way to…

One of the biggest benefits to the home equity conversion mortgage program is that, unlike conventional mortgages or home equity loans or lines of credit, you are not required to make monthly payments toward the balance of the loan. The federally-insured HECM program requires that loans be repaid when the borrower dies, leaves the home,…