An economics professor once said, “Capitalism works best in an economy of creeping inflation.”
If you’ve ever wondered why prices always rise over time, that’s capitalism doing its job. For some of our friends and family, that principle becomes a problem when they find themselves on a fixed income during retirement and they just can’t keep up. They start looking for other sources of income, including going back to work, cutting back on what they love to do, and more.
What if they didn’t have a house payment to worry about? A reverse mortgage actually pays homeowners money based on the equity they have in their house. It’s a way of converting their hard-earned equity in their home into cash they can use every month.
I have a great article to share on whether a reverse mortgage might be right for you or someone you know. If you or someone you know might benefit from taking a look at it, don’t hesitate to give me a call or send me an email and we’ll send on over a copy. We look forward to hearing from you soon.