What Can a Reverse Mortgage Do for Me?
Home Equity Conversion Mortgages (also known as “reverse mortgages”) are quite possibly the most underutilized and misunderstood financial tool available for adults 62 and over. The reverse mortgage is commonly overlooked as a means to provide additional income optionality in retirement. We invite you to use our simple calculator and our patent-pending technology, nu62SM, to plan a better retirement.
A reverse mortgage can be used in a variety of ways to create value and meet financial goals:
Fill out the calculator below to get an estimate
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By clicking the ‘See My Refined Options’ button you will gain access to our nu62SM software, learn how to realize the long term credit presented above, and be able to customize your own home equity use. A view of what’s included in our nu62SM software is below.
Income Optionality Strategy
Allows you to make monthly payments into a line-of-credit in order to take advantage of the compounding growth for potential use in later retirement years.
Allows you to draw consistent monthly payments from home equity in lieu of drawing down on your portfolio.
Homeowners age 62 or older are eligible to apply for a reverse mortgage, and it is important to note that you continue to retain sole title to your home. The funds available from a reverse mortgage are unaffected by subsequent changes in your home value, and the proceeds are not taxable1. As with any mortgage, you must pay your property tax and insurance, maintain your home in good condition and live in the home as your primary residence.1 We encourage you to speak with a tax or benefits advisor.