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...
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...
Using a Reverse Mortgage for Sustaining Cash Flow
When financially planning for retirement, the main objective is to keep from running out of money in the later years. There is a significant portion of the retirement community that relies on portfolio securities as their primary source of income. These are often pre-tax accounts such as 401(k) plans or...
The Reverse Mortgage: is it Really That Complicated?
Is the Reverse Mortgage as simple as some claim? Or is it a highly complex financial tool? Well, both. The reverse mortgage is simple to understand but can become complex when using it strategically for retirement financing. A reverse mortgage is exactly what it sounds like: a mortgage in reverse. When your clients...
Waiting May Come at a Cost for Your Clients
When making big decisions, procrastination is only natural. Most people fight this battle every morning when they have to sort out which projects are IMPORTANT, and which projects are just EASY. Unfortunately, making estate planning decisions based on an understanding of Tax Law, Social Security strategies, Medicare guidelines, market conditions,...
FOLLOW US