You’ve probably seen posts on social media talking about how “home prices are falling.” And when you see something like that, it’s normal to wonder:
Is this the start of a cra...
Published January 30, 2020
Tap Home Equity as a Smart Retirement Strategy
Living in California is already expensive, but imagine what it might be like when you are on a fixed income during retirement. While your salary might have helped keep up with the costs, your retirement funds and Social Security will only go so far.
That’s when you can tap into another asset you may have held onto for a long time that has equity to fund your retirement. By using a reverse purchase or reverse mortgage, you can have cash on hand to cover expenses and potential medical costs.
Watch the video below with Trina Intravaia of Choice Lending Corp. as she demystifies reverse purchases and reverse mortgages, explains qualifications, and shares the benefits of these retirement funding strategies.
