MOVE FORWARD IN REVERSE 

The biggest concern for older adults today, besides rising health care costs, is the fear of not having enough money to meet their financial needs in retirement.

A Home Equity Conversion Mortgage, also known as a Reverse Mortgage, provides an alternate solution for adult home owners, age 62 and older, to help meet their financial needs in retirement.  Whether it is for an immediate need, or a financial plan for the future, a Reverse Mortgage provides a way to access part of the equity in their home to help them age in place with peace of mind, and no monthly mortgage payment.

Here are some ways that a Reverse Mortgage could help you:

  • Eliminate mortgage payment: Increase the monthly cash flow by eliminating a monthly mortgage payment.
  • Prepare for the unexpected: A Line of Credit can be established in reserve to cover those unexpected life events and expenses outside of the normal monthly budget…and best of all it keeps growing.
  • Make home modifications or repairs: Make needed repairs or modify the home to meet physical challenges to help age in place successfully.
  • Replace loss of income: Help replace reduced income due to loss of employment or a spouse.
  • Consolidate debt: Get rid of those high interest credit card balances and eliminate those monthly payments.
  • Get some breathing room: Instead of just covering the monthly bills and expenses have some extra money to enjoy the finer things in life.
  • Help cover long term care needs: Use funds to help cover the costs for caring for a loved one at home.
  • Offset market decline: Use Reverse Mortgage funds instead of withdrawing funds from your investments when market is volatile.
  • Downsize with a Reverse for Purchase: Purchase a smaller, more affordable home with no monthly mortgage payment.

Take the time to learn if a Reverse Mortgage is right for you. Please feel free to contact me for information. See my bio below.

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Cheri Williams

Reverse Mortgage Specialist at Reverse Mortgage USA
Cheri Williams has been a Reverse Mortgage Specialist for 11 years. She specializes in educating older adults about reverse mortgages and how they can be used as a tool to help meet their financial needs in retirement.

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