Reverse mortgages are a useful financial Planning tool

  • Access the equity in your home.  Proceeds can be used as you please.
  • Make needed repairs like a new roof, furnace/air, windows, siding......
  • Modify your home to meet your changing needs to provide a safe environment 
  • Create a "safety net" and let it grow tax free in a line of credit until you need the money, at some point in the future.
  • Do the traveling, or vacationing, you always talked about while your health is good and you still want to go.
  • Draw a monthly cash disbursement to supplement your pension or social security to help meet expenses.
  • Consider gifting to your children, or grandchildren, at a time when they need it most and you're around to  witness their enjoyment.