Why a Reverse Mortgage is a Great Option for Financial Advisors Working With Seniors
Our goal is to work with trusted advisors to help determine if a reverse mortgage meets the needs of your client. We can accomplish this by providing a custom loan analysis or a personal consultation with one of our Reverse Mortgage Specialist.
The Ideal Client
While there is no stereotypical RM client, there are common characteristics you can look for in a prospective RM holder.
- Cash poor, house rich
- Has taxable income they wish to postpone, while accessing from reverse mortgage proceeds not subject to personal income taxation
- Understands that their home is a retirement asset in which they live and wishes to leverage their home to improve current lifestyle