The short answer in two words – Nothing Changes. Learn exactly how this works with a Reverse Mortgage and call or email me with any questions.
“Retirees’ overall confidence shows signs of decline, but their confidence in being able to afford medical and long-term care expenses in retirement is down significantly,” states the Retirement Confidence Survey annual report.
You have a financial advisor and you’re in your mid-sixties and approaching retirement. Why hasn’t your financial advisor talked to you about a reverse mortgage?
We invited real homeowners to participate in a blind challenge, comparing two home equity line of credit products: a traditional home equity line of credit and a reverse mortgage line of credit.
Back on April 5, 2022, The New York Times published an article highlighting how the Home Equity Conversion Mortgage (HECM) can be used when creating a comprehensive financial plan for retirement.
FHA has increased the Maximum Lending Limit for the Home Equity Conversion Mortgage (HECM) for 2019 from $679,650 to $726,525. This is the third year in a row that FHA has increased the lending limit.