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At times of severe market volatility, like we are facing today, senior investors are forced to sell and sustain large losses to their retirement portfolio. Many times, these losses cannot be recovered quickly and seniors are left struggling to live. However, with a reverse mortgage line of credit, senior homeowners can access funds by tapping into their housing wealth rather than selling stocks or other assets. This allows seniors to create a hedge against the market downturn and beyond.
If you have a reverse mortgage line of credit in place, you can use it to mitigate market downturns while waiting for your investments to regain value. Then over time, as market volatility decreases and stock market-based assets return to stable prices your assets will have recovered well rather than sustaining large market losses now.
There are many different uses of a tax-free reverse mortgage line of credit. It can be a powerful tool in stabilizing and complimenting your retirement needs. The good news for senior homeowners – a reverse mortgage has easy income and credit requirements, and extensive flexibility to meet other underwriting requirements.
RELATED: 9 key benefits of a reverse mortgage
Before you take your next step into your retirement, you should speak with a reverse mortgage expert and your financial planner. To learn more about a reverse mortgage and the various ways a reverse mortgage can put you on the path to more financial freedom in your retirement, contact Silver Leaf Mortgage, your trusted local partner and Colorado’s #1 Reverse Mortgage Broker. Most loans close within 30 days which means you can get back to living worry-free fast.
Silver Leaf Mortgage is based in Centennial, CO. They are Colorado’s number 1 reverse mortgage broker and a proud sponsor of Senior Source.
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