Navigating Reverse

By Dan Hultquist

This book answers questions like:

- - Can I take extended travel while I have a reverse mortgage?
  - Are property tax deferrals permitted?
  - What are some of the financial planning advantages?
  - Should I draw from my retirement savings or from my line of credit?
  - If I’m a surviving non-borrowing spouse, will I be able to remain in my home?

Dan has written in short, focused chapters that are easy to read and understand.

What follows is Chapter 14 that covers creative uses for reverse mortgages.

You can listen to Dan read you this chapter by clicking the play button.

Buy Now

Order in Bulk

What are CREATIVE USES for reverse mortgages?

Most reverse mortgage borrowers will see a benefit in paying off a traditional mortgage and increasing cash flow. However, financial planners are realizing that housing wealth can offer creative solutions for a more efficient retirement. Here are a few to consider:

FUTURE CARE

Many who don’t qualify for long-term care insurance may be good HECM candidates for a reverse mortgage. A growing LOC can often fund care or pay the premiums of existing policies.

SILVER DIVORCE

A reverse mortgage can be useful when dividing marital assets in a divorce. In some cases, a reverse mortgage can compensate a departing spouse without disrupting their traditional retirement planning.

SEQUENCE OF RETURNS RISK

Poor market returns early in retirement can be devastating to a retirement portfolio. But drawing from home equity during bear markets can protect those traditional retirement assets.

PORTFOLIO MANAGEMENT

While some homeowners draw from home equity during bear markets, the gains of a bull market may allow some homeowners to pay down reverse mortgage loan balances.

GOAL SETTING

Many pre-retirees are faced with a decision: should I accelerate payments to reduce my mortgage balance or save funds for retirement? Making payments with a HECM may accomplish both objectives.

RELOCATION WITH LIQUIDITY

Baby boomers hold a disproportionate amount of wealth in real estate. But some who wish to relocate, upsize, or downsize can supplement retirement savings by using a HECM to purchase their next home.