Tips to Making YOUR Retirement More Profitable!

In the past, the main goal of a Reverse Mortgages in Florida were aimed to help seniors to primarily increase their cash flow. Today, some seniors are still using it to help with daily expenses but many are also understanding how to use it more strategically to further their retirement goals. Here are a few ways a Reverse Mortgage can help you in the long run to:

1. Postpone drawing down on your retirement assets giving them more time to

Grow. Your financial adviser can shed some definitive light on this one.

2. Postpone taking your social security allowing it to grow. As most seniors

Know, the earlier they take their SS, the lower the amount. Having your

Expenses handled by your reverse mortgage might allow you to have a bigger

Social security check at 65 or 70 vs. 62

3. If you have a current mortgage payment, a reverse mortgage can eliminate

That payment, providing you with more cash flow. If you have enough equity,

You could potentially eliminate a payment and get a monthly check for as long

As you live in your home.

4. Many reverse mortgage programs also provide a growing, NON-concealable Line of credit for future needs/surprises. Reverse mortgages can provide peace

Of mind in many different ways. A line of credit is just one of them.

5. Portfolio protection: In a down market, your portfolio may take a hit. You may

Panic thinking I need this money now. With a reverse mortgage, you take some

Of the pressure off yourself for short term hits to your portfolio allowing it to

Hopefully rebound and provide the average market returns over time. Decisions

Made in haste often provide a hasty result, having time to make a decision

Based on more facts or maybe a meeting with your financial adviser might be

Helpful

6. Steady income – If your equity allows, the reverse mortgage Florida payment you

Receive will be steady and on time for as long as you own your home. This

Allows you to plan your life around a fixed and reliable income. As a senior, this

Is reassuring given all the twists and turns life can take as we age.

7. Lump sum of cash. Who doesn't want this? If your equity allows, you can get

A lump sum of cash, monthly income, pay off a home and have a line of credit

For the future.

So, is a Florida reverse mortgage right for you? It's easy to get some idea of what to expect. There are NO costs or commitments, just a simple conversation to see what you might qualify for. Call or email me for more information.

Tom Russo

941 301 8750

tomrussomortgage@gmail.com

I am expert Article writer and have lot of experience in mortagage related. Hope you like this article. IIf you like this article do comment on it.