A Home Equity Conversion Mortgage (HECM) can help retirees solve three major retirement challenges:
- Covering long-term care costs
- Replacing traditional HELOCs
- Generating additional monthly cash flow
By offering a flexible line of credit and monthly payout options, a reverse mortgage may help relieve financial stress, reduce the need for insurance premiums, and provide a stable source of funds without monthly payments, making it a valuable tool for addressing retirement risks.
Read more about how reverse mortgages can help address these risks or email reverse@plazahomemortgage.com to get a Reverse PreQual.
