A reverse mortgage can be a powerful asset management tool for seniors, especially during times of market volatility.

With the standby line of credit on the HUD-insured Home Equity Conversion Mortgage (HECM), seniors can access their home equity to cover household and other expenses, without the need to make monthly mortgage payments.

Portfolio protection and cash flow are key in later years, and reverse mortgages can provide the funds to make a difference. This is especially important when the stock market is volatile and seniors are faced with liquidating accounts to pay their bills.

A 2010 study found 61% of respondents were “more scared of outliving their assets than they were of dying.” Having the ability to draw funds using equity in their primary residence while leaving investments in place will drastically increase the likelihood of retirement funds lasting a lifetime.

Bay Equity has reverse mortgage solutions. Call us today.

*This material is not from HUD or the FHA, and this document is not approved by HUD or by the FHA or any other Federal Agency. Not available in all states. Contact your loan officer for more information.