Available June 1, 2020 with a very special limited offer to follow: The Reverse Mortgage Revealed. Click here to learn more!

Why a Reverse Mortgage is Like a Rooty Tooty Fresh ‘N Fruity (But Shouldn’t Be)

Reverse Mortgage Rooty Tooty

In a recent post, I addressed the common perception that a reverse mortgage is only for broke and desperate people. I’ve talked with many seniors over the years who were embarrassed about looking into a reverse mortgage. Some went to almost comical lengths to explain that they weren’t desperate and broke and didn’t really need it. They were just looking into it because they were “curious”. Amusingly, some even tried … Read More…

Should I Get a Reverse Mortgage Now or Wait?

HECM Reverse Mortgage Line of Credit Jack

A man who I’ll call Jack contacted me about using a reverse mortgage to pay for future medical expenses. Jack made it clear from the get-go that he didn’t want a reverse mortgage now. He just wanted to explore some options and call back in five years to set it up then. Jack basically wanted to use the reverse mortgage as an “insurance policy” to protect against the financial risk … Read More…

Does Your Financial Plan Include “Retirement Insurance”?

The HECM as Retirement Insurance

Does your financial plan include “retirement insurance”? I’m guessing you’ve never heard of such a thing, right? The term is sometimes used to refer to Social Security or insurance products that target retirees, but that’s not what I’m referring to here. There is no insurance product called “retirement insurance”, but there is a strategy that can serve as a “retirement insurance” of sorts. When used prudently as part of a … Read More…