When is a Good Time to Get a Reverse Mortgage
“To ignore the real advantage of home equity in retirement planning is like having a winning lottery ticket and never claiming your money.”
“Retirees simply cannot continue to ignore home equity as an income source and still meet their income goals.” Jamie Hopkins, Retirement income program co-director of The American College of Financial Services
Executive summary: Every homeowner over 62 should look at the advantages of including a HECM (reverse mortgage) in their retirement plan, and now is the time to do it. A window of opportunity exists now that will soon begin to close.
Have you ever said to yourself “I wish I had done that years ago!” or “If only I had done such and such back then, things would be different now.” I know I have. As they say, hindsight is 20/20.
This is a time like that. As it says in the Book “Now is the acceptable time.”