Homeowners aged 62 and older currently hold a record $7.8 trillion in home equity. This age group holds 1/3 of the country’s housing wealth and yet nearly 37% of retirees are worried about their financial security in retirement.*
Unfortunately, most homeowners aged 60 and older†
don’t realize that a reverse mortgage can help them monetize their home equity and take control of their finances regardless of market volatility—allowing them to access income-tax-free‡
cash to help fund their retirement needs and goals.
After attending this webinar, you’ll be able to educate your clients on the benefits of reverse mortgages, and you’ll be able to create a buffer asset for your clients to avoid selling at losses and prevent sequence risk while creating a larger legacy.
Attendees will learn:
Please Note: One CE credit will be provided for CFP, RICP, CLU, ChFC, and CFFP/Kaplan designations.
- What improvements have been made and what consumer safeguards have been added to reverse mortgages in recent years
- The four common reverse mortgage strategies for increasing retirement stability
- The different types of reverse mortgage loans, both federally-insured|| and proprietary, for real-life applications
- How to demonstrate reverse mortgage solutions for eligible clients
*Sources: Clow, Chris. “Senior Housing Wealth
Reaches New Milestone of $7.82 Trillion.” Reverse Mortgage Daily. 14 Jan. 2021.
Guerin, Jessica. “Experts: Home equity is key to solving the country’s looming
retirement crisis.” Housingwire. 18 Feb. 2019. Accessed; 6 Jan. 2021.
Jacob. “Baby Boomers Own a Third of All U.S. Homes: These Markets Will Feel the
Biggest Impact When They Retire.” Barron’s. 02 Dec. 2019.
†Not applicable in all states; some states may
impose a higher age requirement. Visit www.reversefunding.com/equity-elite for
‡Not tax advice. Consult a tax professional.
||This material has not been reviewed,
approved or issued by HUD, FHA or any government agency. The company is not
affiliated with or acting on behalf of or at the direction of HUD/FHA or any
other government agency.