As the mortgage rate environment and the finances of seniors have gained renewed focus during the COVID-19 coronavirus pandemic, so too has the interest in and potential value proposition of tapping home equity to create cash flow with a reverse mortgage. This is according to a new column published at Bankrate. “Although there are costs […]
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 […]
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 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 […]
