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Spending Options for a Reverse Mortgage

Most current HECM reverse mortgages use an adjustable interest rate, which allows the proceeds from the reverse mortgage to be taken out in any of four ways or a combination thereof.

Wise Reverse Mortgages Can Be a Saving Grace for Retirees

If, after considering other housing options, you have decided to remain in an eligible home or to move into a new home, you may want to consider a Home Equity Conversion Mortgage (HECM) – more commonly known as a reverse mortgage – as a source of retirement income.

Should You Downsize in Retirement?

One method for freeing home equity for other uses is to downsize your home as a part of moving. Downsizing could mean either moving to a smaller home, or moving into a similar-sized home in a less expensive community.

Potential Directions for Social Security

A common argument for claiming Social Security early is that the program is about to be dramatically overhauled, but it seems rather unlikely that any impending reforms would leave near retirees with significant reductions to benefits.

Are You Ready for a Challenge?

Register to attend our FREE 4-Day Retirement Income Challenge event on March 4th – 7th from 12:00 – 2:00 PM ET each day.

Click below to learn more and reserve your spot!