Forbes/Personal Finance
A reverse mortgage can be a good backup strategy for homeowners who are concerned about potentially outliving their other income sources. A more flexible and potentially more lucrative approach is to obtain a reverse mortgage line of credit. It will continue to grow each year, providing access to an ever-increasing line of credit in later years as the credit line remains in place but unused.
—Mark Dennis, Contributor, “You May Have More Retirement Income Available Than You Thought,” March 26, 2017
Kiplinger/Personal Finance
Reverse Mortgages that Work: One versatile solution for financial flexibility and security is a reverse mortgage. It lets you stay put, ditch your mortgage payment (if you still have one), and tap your home equity.
—Pat Mertz Esswein, Associate Editor, “Reverse Mortgages That Work,” October 2017
Washington Post/Real Estate
On HECM for Purchase: In addition to netting cash from the sale of the original home, the H4P borrower doesn’t have to worry about making mortgage payments for as long as they remain in the home. You can use the money you save for whatever you want.
—Benny L. Kass, Columnist, “Seniors looking to downsize their homes may want to consider this reverse mortgage option,” May 19, 2017
Reader’s Digest/ MoneyTips.com
“If you own your home and none of your children have an interest in keeping it, then a reverse mortgage might be worth investigating, as it could provide you with an additional source of retirement income and monthly cash flow.”
—Mike Zaino, Financial Advisor/ Contributor, “16 Money-Management Tips Every Retiree Needs to Memorize,” Accessed September 24, 2017
The Motley Fool/ Personal Finance
A reverse mortgage may be a good option for homeowners who want to use their home’s equity but don’t want to move. Homeowners can use a reverse mortgage to access equity as
a lump sum, a line of credit, lifetime payments, or a stream of payments for a period of time.
—Mary Crawley, “4 Ways to Catch Up on Retirement Savings,” September 22, 2017
What researchers and the media are saying about REVERSE MORTGAGES
Forbes/Personal Finance
A reverse mortgage can be a good backup strategy for homeowners who are concerned about potentially outliving their other income sources. A more flexible and potentially more lucrative approach is to obtain a reverse mortgage line of credit. It will continue to grow each year, providing access to an ever-increasing line of credit in later years as the credit line remains in place but unused.
—Mark Dennis, Contributor, “You May Have More Retirement Income Available Than You Thought,” March 26, 2017
Kiplinger/Personal Finance
Reverse Mortgages that Work: One versatile solution for financial flexibility and security is a reverse mortgage. It lets you stay put, ditch your mortgage payment (if you still have one), and tap your home equity.
—Pat Mertz Esswein, Associate Editor, “Reverse Mortgages That Work,” October 2017
Washington Post/Real Estate
On HECM for Purchase: In addition to netting cash from the sale of the original home, the H4P borrower doesn’t have to worry about making mortgage payments for as long as they remain in the home. You can use the money you save for whatever you want.
—Benny L. Kass, Columnist, “Seniors looking to downsize their homes may want to consider this reverse mortgage option,” May 19, 2017
Reader’s Digest/ MoneyTips.com
“If you own your home and none of your children have an interest in keeping it, then a reverse mortgage might be worth investigating, as it could provide you with an additional source of retirement income and monthly cash flow.”
—Mike Zaino, Financial Advisor/ Contributor, “16 Money-Management Tips Every Retiree Needs to Memorize,” Accessed September 24, 2017
The Motley Fool/ Personal Finance
A reverse mortgage may be a good option for homeowners who want to use their home’s equity but don’t want to move. Homeowners can use a reverse mortgage to access equity as
a lump sum, a line of credit, lifetime payments, or a stream of payments for a period of time.
—Mary Crawley, “4 Ways to Catch Up on Retirement Savings,” September 22, 2017