For the Advisers of Seniors

If you are the trusted advisor of a senior homeowner that might qualify for a reverse mortgage, there are several things you should know about reverse mortgages and the manner in which they can help your client live a more comfortable and secure life.
Residential Reverse Mortgage can further educate you and your clients about reverse mortgages.

• A safe, proven choice.
A HECM reverse mortgage is a government-protected financial tool that has helped over 150,000 seniors enjoy better lives. Many safeguards are built into the program to protect seniors from predatory lending practices.
• The best of both worlds.
A reverse mortgage can be the right choice for senior homeowners who need additional income without having to sell their homes to raise cash. With a reverse mortgage, the homeowner can get a monthly payment, a line of credit or a lump sum distribution without having to move or give up title to the home.
• Ideal liquidity tool.
A reverse mortgage is an ideal way to create liquidity from a real estate asset. This liquidity can enable seniors to pay bills, make home repairs, retire an existing mortgage, or to purchase such health-related services as long-term care insurance.
• Tax-free* money.
Since a reverse mortgage taps into existing home equity, the proceeds are not taxed as income.

* Consult Tax Advisor