02/24/2022
If you have friends, loved ones or clients over the age of 62 I highly recommend you suggest a Reverse Mortgage Loan. As we all know inflation is cutting into the purchasing power of fixed income retirees. And with the stock market declining their nest egg assets are at risk. If they are drawing down their IRA’s and 401Ks to make ends meet, they have to draw more assets just to break even, (and those assets are subject to income tax). That leaves them with significantly less assets to recover when the market corrects. With a reverse mortgage loan, they can draw from a line of credit, instead of the stock market-based assets.🏠
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