HECMs in the Age of Inflation

May 24, 2022

HECMs in the Age of Inflation

MarketWatch talked with several financial planners recently about how seniors may need to adjust retirement plans given today’s inflation challenge. They offer some good tips, including how a HECM may actually benefit from inflation.

Jason Branning, a certified financial planner with Branning Wealth Management, recommends obtaining a HECM- a reverse mortgage backed by the FHA and issued by an FHA-approved lender.

“By installing a HECM expanding line of credit, the non-recourse loan line grows over time. Higher interest rates will increase the line of credit more rapidly than when rates are low or stagnant. This expanding line of credit can help with inflationary pressures by allowing homeowners to access liquidity if inflation is persistently higher and long-lasting…”

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Category: Reverse Market News

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