Equities.com Endorses Reverse Mortgages

The Home Equity Conversion Mortgage (HECM) continues to demonstrate that it is a financial tool and not a loan of "last resort".   Equities.com published a recent article which begins with the real-life story of a retired actress from Los Angeles, California, who is living a happy life doing the things she wants to do now thanks to a reverse mortgage.  She was quoted as saying, "I did it for the freedom.  I was not struggling before, but I was tired of having to budget.  So I invested some of the money and now I can get up and do the things I want to do."  The article goes on to offer three tactical methods that can be strategized with a reverse mortgage to help enhance retirement.  These are to delay payouts from your social security or pension benefits to maximize future payouts, avoid withdrawing from your investment portfolio in a down market, and eliminate your monthly mortgage payments to increase monthly cash flow.  This can all be accomplished by using a reverse mortgage as a financial planning tool.

Read the entire article here.

For more information on reverse mortgages and other related topics contact:

Rick R. Rodriguez
Certified Reverse Mortgage Professional, CRMP
NMLS# 473353
Toll Free (877) 500-0454
Local (702) 460-6222