Have you ever considered using your home equity as part of your retirement plan? With a Reverse Mortgage equity line, you can have access to the cash you have invested in your home without creating a monthly payment. Here are a few examples of how you can effectively use you home equity in retirement:
- You can convert an existing traditional mortgage to a Reverse Mortgage. This means that you no longer have a monthly mortgage payment so you can keep that money in your pocket where it belongs.
- You can create a monthly flow of income for as long as you live in the home.
- You can set up a Reverse Mortgage line-of-credit that gives you access to money at any time. The Reverse Mortgage is the ONLY line-of-credit that grows giving you access to more money in the future. Best of all, this line-of-credit never needs to be renewed or paid back as long as you live in your home.
Do yourself a favor and give the Reverse Mortgage a closer look. It is an innovative tool to improve retirement security. Recent federal legislative changes have made the Reverse Mortgage safer and more affordable than ever. Give us a call and get the answers you need to make an informed decision before crossing that bridge.