Reverse Mortgages: Pros and Cons for Homeowners Over 62

Unlock the benefits of a reverse mortgage by discovering their potential in financial planning! Contrary to common belief, a reverse mortgage, or Home Equity Conversion Mortgage (HECM), while it’s necessary to secure the lien against a primary home, the received funds can be used for the purchase of another property. Join us to explore how you can leverage a reverse mortgage on your current property to buy an investment or that second home you’ve always dreamt of but didn’t think you could afford. Learn about the many financial options available: no monthly payments, deferred interest, and repayment only when selling, moving permanently, or passing away. This class unveils the flexibility and advantages, allowing you to preserve equity, stretch your income, and redirect funds towards your priorities. Don't miss out on the opportunity to understand the pros, cons, and strategic use of reverse mortgages for a secure financial future while living the life you want in your golden years!