Michael Friedman/Reverse Mortgages

Studies say half of older adults today worry about outliving their savings, which is why having a financial cushion through a reverse mortgage can bring homeowners peace of mind. An often-overlooked benefit is that it can relieve children of the guilt of being unable to financially support their parents when unexpected expenses arise, such as property taxes, utilities, medical bills, or home repairs. At the same time, it frees parents from feeling like a burden to their children. By keeping finances separate, a reverse mortgage allows families to maintain financial independence and enables parents to enjoy a more secure and fulfilling retirement.

REVERSE JUMBO: Up to $4 million- Possibly more?
The Jumbo Reverse/Reverse Purchase program is designed specifically for owners of high-value homes. Additionally, the Jumbo reverse home financing tool was designed for individuals who want to retire, as well as those who have already retired. If you are 55 or older, you can even access more of your home’s equity and put it to work wherever you want, giving you more control over your assets, investments, and cash flow. Jumbo reverse mortgages do not charge mortgage insurance premiums, and the up-front charges are significantly reduced. You can use the proceeds to fund a more comfortable and secure retirement.

Reverse Mortgage Suitability Test:

1. How likely are you to need more money or savings in retirement, either now or sometime in the future?

2. Is it important to you to remain financially independent and not rely on others for support?

3. How long do you plan to live in your current home?

4. Would you be willing to use some of your home equity to improve your quality of life?

5. Is it more important for you to leave as much as possible for your heirs or have more money to use now?