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Reverse Mortgage Maximization
For Seniors over the age of 62 a Reverse Mortgage is a tool that, while new to many, is increasingly being used to maximize their retirement income. A Reverse Mortgage frees up large amounts of equity to be used in investment vehicles, insurance policies, and savings plans that add to the safety and enjoyment of many seniorsĀ' lives.
When a Reverse Mortgage is employed, it allows you to keep earning appreciation on the home, while also earning growth on the equity. Equity normally has no growth. Example: Two people A and B buy the same home for $200,000. Person A puts a down payment for $200,000 while Person B puts down $10,000 and invests the difference. In 5 years both homes are worth $250,000...
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