Did you know that the average American holds 70-80% of their net worth in their home equity? For most retirees, it is their largest asset. Did you also know that you can use home equity to help boost your income during retirement? You may have heard of a little thing called a reverse mortgage. Yes, they do tend to get a bad rap, but if used correctly, they are a powerful financial tool offering flexibility and an added income source that won’t impact your other investments. And that’s what we’re going to talk about today with our guest, Reverse Mortgage Specialist, Amanda Keith. Amanda is a licensed Mortgage Loan Originator specializing in the HUD-insured Home Equity Conversion Mortgage (HECM) and the new Jumbo Reverse Mortgages. As an experienced financial professional, Amanda works to help clients understand how this program can be used to improve retirement cash flow.

Together we are going to discuss everything you need to know about reverse mortgages, including:

• What a reverse mortgage is
• What the qualifications are for borrowers
• How Americans are using reverse mortgages to help “problem-solve” in their finances
• When they make sense, when they don’t

And much more!

The goal of the episode is to give you the knowledge on reverse mortgages to have more options for a sustainable retirement. So, whether you think you might want a reverse mortgage someday or know somebody close to you who is considering one, this episode can help you weigh your options.