NEWS & INSIGHTS

News, insights, tips and resources for seniors to grow older with joy, worry less, and retire well.

Reverse Mortgage External Author Reverse Mortgage External Author

Why are Reverse Mortgages Surging Despite Economic Uncertainty?

Which do we choke? Inflation or possibly the nation’s fragile economic recovery? That’s a question the Federal Reserve’s Federal Open Market Committee is grappling with as consumer prices soar and global shortages of goods worsen. We have much to be thankful for in this upside-down economic cycle. While the nation’s GDP is surging, albeit when compared to last year’s economic shutdown, our economic recovery is facing some strong headwinds. Yet despite these challenges we thrive.

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Reverse Mortgage, Line of Credit Cynthia Kee Reverse Mortgage, Line of Credit Cynthia Kee

A Reverse Mortgage Success Story

Did you know a reverse mortgage line of credit comes with a guaranteed growth rate? Unlike a traditional HELOC, the lender can never close the reverse mortgage line of credit, and the borrower can access it anytime they wish with a simple phone call. (Provided their taxes and insurance are kept current and the home is properly maintained) This provided the clients with all the flexibility they needed, and the additional safety net that they can tap into without having to reapply, get a new appraisal, or any additional qualification.

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