06/08/2026
Q: ‘Interest rates have been up and down lately. Should I wait for rates to drop before getting a reverse mortgage?’ 🤔
A: If you’re considering a reverse mortgage, remember that it’s designed to improve your life now. Waiting for uncertain rate drops means delaying benefits you could use today – like eliminating your monthly mortgage payment* or boosting your cash flow. Plus, there’s no penalty for early repayment or refinancing. If rates drop later, you may be able to refinance. Let’s talk about what’s right for you.
*Borrowers must maintain the property and most current payments of property taxes, homeowner's insurance and HOA dues.