How the Pandemic is Leading More Financial Planners to Reverse Mortgages

While the relationship between financial planner professionals and the reverse mortgage industry is evolving in a positive direction, there are still a number of things that the reverse industry can and should observe when aiming to facilitate connections with those planners as potential referral partners. This is according to a trio of financial experts discussing […]

NerdWallet: Reverse Mortgages Can Be ‘Relief Valve’ for Bear Markets

Reverse mortgages aren’t cheap for seniors and should be avoided particularly for short-term needs, but recent research has identified an effective use of the product concept for those who have investments during volatile periods of market activity. This is according to Liz Weston, a certified financial planner and finance expert at NerdWallet. “Stay-at-home orders may […]

Financial Planners: Chase’s HELOC Pause Could Give Reverse Mortgages an Advantage

Last week, JPMorgan Chase announced that it has temporarily halted acceptance of applications for home equity lines of credit (HELOCs) due to the ongoing economic effects of the COVID-19 coronavirus pandemic, specifically the combined impacts of rising rates of unemployment and initial projections that home prices could fall. The exit of a major financial institution […]

Pfau: Reverse Mortgage Line of Credit Can Protect Against Economic Shock

The reverse mortgage line of credit can be a major tool for those at or near retirement to weather the economic shock of the COVID-19 coronavirus pandemic, particularly because sequence of returns risk amplifies investment volatility. If a retiree has a reverse mortgage in place to draw from while the market remains volatile, then they […]

The RMD Podcast #11: Dr. Wade Pfau

The RMD Podcast is back amidst the global COVID-19 coronavirus pandemic, and RMD Editor Chris Clow is joined by Dr. Wade Pfau, professor of retirement income at the American College of Financial Services and founder of RetirementResearcher.com, to discuss how reverse mortgages can be incorporated into a senior’s retirement plans in the wake of the […]

Coronavirus, Bear Market May Renew Reverse Mortgage Viability Among Financial Planners

While reverse mortgage products have always had reputational hurdles to overcome, one of the oft-repeated ways that product educators and industry professionals have cited in an attempt to appeal to financial planners is by using a reverse mortgage – Home Equity Conversion Mortgage (HECM) or otherwise – to avoid sequence of returns risk. That way, […]

CNBC: Reverse Mortgages Can Buffer Coronavirus’s Economic Shock

COVID-19, the so-called coronavirus which has sparked concerns of a global epidemic after spreading into multiple countries, has introduced additional volatility to the U.S. stock market as investors raise concerns over the effects the spread of the virus might have on the American economy. For retirees, there are steps that can be taken to try […]

The Inverted Yield Curve’s Potential Effects on Reverse Mortgages

The U.S. stock market fell sharply on Wednesday in response to an “inverted yield curve.” Historically, economists have seen this as a telltale sign that an economic recession is likely to transpire. “On Wednesday, the U.S. stock market tumbled after a reliable predictor of looming recessions flashed for the first time since the 2008 financial […]

Financial Advisor: Don’t Ignore Reverse Mortgages

Although they can often be a tough sell, reverse mortgages can likely help financial clients who find themselves running out of money in retirement. This is according to an article appearing in Financial Advisor by writer Dan Jamieson. Home equity can be tapped for a number of reasons, including to pay off existing mortgages, mitigate […]

Forbes: Defining the Risks of a Reverse Mortgage

Some of the biggest risks inherent in a reverse mortgage transaction include the complexities of the Home Equity Conversion Mortgage (HECM) Program allowing for instances of misunderstanding, problems that can arise when someone is unable to pay, and inaccurate perceptions concerning what the loan repayment structure looks like. This is according to Dr. Wade Pfau, […]