A Reverse Mortgage is a Retirement Tool

A Reverse Mortgage is a Retirement Tool The Federal Housing Authority (FHA) has made changes to the Reverse Mortgage so that it is a safe, effective and flexible tool to be incorporated into a plan for a financially secure retirement. Reverse mortgage funds are set based on the age of the youngest consumer (preferably over 62), the value of the home, and the current interest rate environment. The home is owned entirely by the homeowner and can be left to heirs just like any other home with a mortgage. A Reverse Mortgage could be effective in the following scenario:

For homeowner(s) who want to maximize social security income by not claiming until age 66-70, and who do not want to begin drawing out retirement funds, a reverse mortgage can be set up to provide funds for living in the shorter term. This strategy dramatically maximizes social security and allows the retirement portfolio to grow over a longer period of time providing a better chance of financial security for as long as 30 years. Questions? Please call us locally at 513-429-2122 or Toll Free at 1-877-357-1410