In this presentation, we addressed how reverse mortgages can be used as a tool in your retirement income plan. Since we do not sell, market, or make money off of reverse mortgages, we can provide you with unbiased advice on this often misunderstood strategy.
Topics Covered :
• How reverse mortgages work
• The pro’s & cons of reverse mortgages
• The various ways they can be used (paying off a current mortgage, buying a new home, as portfolio protection or as an income source)
• The costs associated with reverse mortgages
• Reverse mortgages and taxes
• Whether the negative stereotype they have is warranted
• Your other options for tapping into home equity in retirement
