Reverse
Mortgage Surge
What ever happened to the mainstreaming of reverse mortgages in retirement
plans? There
has been a push for years that financial planners need to consider the
benefits of how a reverse mortgage loan can be used to tap into home equity.
Retirement
researchers have been advocating for the use of HECMs for some time now. In an
interview with Wade Pfau, professor of retirement income at The American
College of Financial Services, he insisted that it’s critical for financial
advisors to understand how income from a HECM can be integrated into retirement
plans. We are seeing increasing interest in utilizing a HECM, especially among
RIAs (Registered Investment Advisors.)
“I
think there's, at least, more willingness to consider when they might have a
role in a plan. So, you'll see more registered investment advisors using them”
says Pfau.
Learn
more in this article about
Reverse Mortgages and how a possible uptick in advisor interest could soon
materialize.
To
find out more about reverse mortgage, visit our website,
or reach out to us at Reverse@plazahomemortgage.com.
Let’s explore adding this strategy as another option for your borrowers and
your business.
