A reverse mortgage can unlock the equity in your home for a more secure retirement.
While most people approaching retirement think of their personal net worth in terms of savings, stocks, bonds, or retirement accounts, the reality is quite different. Studies show that half of homeowners age 62 or older have at least 55% of their net worth tied up in home equity!1
1 CFPB Report to Congress on Reverse Mortgages, June 2012. Note: A credit line is available only on adjustable-rate HECM products.
2 Consult a financial advisor and appropriate government agencies for any effect on taxes or government benefits.