Follow Your Heart to a Healthy, Financially Sound Retirement
February is American Heart Month. And according to the CDC, it’s an opportune time to focus on cardiovascular health and make smarter choices to cut the risk of heart disease and stroke.
Getting your heart health in check is critical. But you also need healthy finances to afford the increased health-related costs that often come with retirement age.
AARP data reports that Medicare may cover as little as 51% of your medical expenses in retirement. What’s more, only 52% of adults age 50-64 are confident they can afford to cover those costs once they leave the workforce.
If you’re already wondering how to stretch your retirement income to pay for the necessities, you might want to explore your financial options.
Boost your financial health
A reverse mortgage is a type of loan exclusively available to homeowners age 55 or older (in select states)*, allowing you to borrow against the equity in your home. In doing so, it provides funds that you can use today, or a line of credit that’ll be there when you need it — all while you continue to live in and own your home.
Whether you want to use the funds to pay for medical costs, make home renovations or simply to supplement your retirement income, the choice is yours. As with any mortgage, you must meet your loan obligations, keeping current with property taxes, insurance, and maintenance.
Curious how a reverse mortgage from Reverse Mortgage Funding LLC (RMF) might help you best enjoy (and afford) the years ahead? Give us a call at (888) 277-1567 to set up a phone appointment with one of our experienced loan specialists.
*Available to borrowers as young as 55 in select states only. Higher minimum age requirements may apply. Visit www.reversefunding.com/equity-elite for details.
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