Retired individuals with outstanding mortgages can effectively improve their monthly cash flow by replacing their conventional mortgage with a reverse mortgage, using the lump sum proceeds of the reverse mortgage to pay off the conventional mortgage. Retirement risks discussed…
Imagine a retirement projection with an initial portfolio amount, home, and mortgage. Add an Reverse Mortgage Line of Credit(RMLOC) as a “non-traditional” asset. This leads to an expanded and more holistic view of asset allocation in retirement with primary asset classes of equities, bonds, homes, and RMLOC loan balance, along with SPIAs and reverse mortgage tenure payment plans.
Unlock your home equity to pay off debt or increase spendable income. Look at our chart to see how much equity you may be able to unlock.
