Where it May Fit

Where a HECM* Reverse Mortgage May Fit

• Divorce
• Consolidate debt
• Legacy planning
• Access dead equity
• Buy a second home
• Insure home equity
• Save the family farm
• Extend existing savings
• Guaranteed tax-free income
• Pay for in-home assistance
• Delay taking Social Security
• Interest deduction management
• Maintain or regain quality of life
• Assist grandchildren with college
• Eliminate current mortgage payments
• Protect adult children’s retirement
• Can’t qualify or afford LTC insurance
• Afford to take vacations or visit family
• Supplement income to meet monthly needs
• Provide income security for surviving spouse
• Distribute wealth without disrupting investments
• Increase control over entire financial portfolio
• Purchase a home without with no monthly payments
• Establish financial safety net for unexpected expenses
• Manage tax consequences associated with other assets
• Downsize to new home while enjoying additional wealth for a more secure retirement

*HECM, that’s the reverse mortgage insured through the Federal Housing Administration.