In this episode, Wade and Alex discuss housing and reverse mortgages. They address the issue of pirated books on Amazon and warn listeners to ensure they are purchasing the legitimate copy of the Retirement Planning Guidebook! They then delve into the topic of using retirement savings for purchasing a house and the potential drawbacks of relying solely on a reverse mortgage. The impact of higher mortgage rates on obtaining a reverse mortgage is also explored, along with the misconceptions surrounding reverse mortgages. The episode concludes with a discussion on the metrics to consider when implementing a reverse mortgage. Listen now to learn more! 

 

Takeaways

Chapters

 

00:00 Introduction and Announcement

03:01 Pirated Books on Amazon

05:07 Reverse Mortgage: Using Retirement Savings

08:06 Impact of Mortgage Rates on Reverse Mortgage

16:27 Misconceptions about Reverse Mortgages

22:38 Metrics for Implementing a Reverse Mortgage

26:30 Effect of Higher Mortgage Rates on Reverse Mortgages

28:30 Conclusion