Using the Reverse Mortgage as an Inflation Hedge Part 1

Eye opening article from Chris Clow at Reverse Mortgage Daily with how the Reverse Mortgage can give borrowers more financial options through accessing trapped equity in the home.

Inflation is at its highest level in 40 years, 8.2%. Sadly, wages, social security and pension payments have not increased to offset the loss in buying power. Our dollars are going less far.

Steven Sless explains, “…clients are referred to us by a financial professional seeking to preserve their assets under management and to create a hedge for their clients against rising inflation. We [also] teach them about the power of creating a buffer asset using reverse mortgage funds. As a recent Bloomberg article pointed out, America has a $7 trillion retirement crisis. Yet, as pointed out in this January 2022 RMD article, home equity levels for homeowners 62 and over has topped $10 trillion. Clearly, for most of our prospective clients, the home is where the wealth is. It’s their most powerful weapon to fight off rising inflation and there is no better tool to accomplish this than a reverse mortgage.”

https://reversemortgagedaily.com/articles/tips-about-handling-inflation-conversations-from-reverse-mortgage-division-leads/