Reverse Mortgage Conversation on “The Street”

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“Thestreet.com” is financial news and literacy website that is directed towards mainstream America and personal finance.
Reverse Mortgage Conversation

“Thestreet.com” is financial news and literacy website that is directed towards mainstream America and personal finance.

In 2019 Robert Powell, editor of Retirement Daily, interviewed Steve Resch, VP – Retirement Strategies for Finance of America Reverse. Mr. Resch is also
a financial planner for 25 years and has been using reverse mortgages with his clients in his financial planning business for 15 years.

In this 9-minute interview, he discusses using home equity to mitigate and manage risks during retirement. He says, “Anything that is going to disrupt
or interrupt a planned 30 year retirement period can be mitigated by incorporating home equity in the planning process”.

Some examples of risks that are discussed are:

  • Sequence of returns
  • Long-term care expenditures
  • Unexpected expenses

They also discuss reverse mortgage requirements and uses for reverse mortgages.

This is a good, brief interview that may give you some ideas you hadn’t considered when thinking about reverse mortgages.

You can watch the video below.

Bruce Simmons

Bruce Simmons

I absolutely love what I do - working with senior homeowners to help them live a more comfortable, flexible and secure retirement. I have the absolute best customers in the world, and even though I worked in the forward mortgage business for a number of years, I could never go back to doing conventional loans. I'm a 100% reverse mortgage specialist.

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