Retirement News with Professor Craig

Retirement News with Professor Craig

The Retirement News blog is dedicated to the financial and physical health and well-being of older Americans. 
Whether you're already in or nearing retirement, you will find important, topical information in the blog to help you make informed decisions on your road to retiring more freely.
As a 25-year veteran in the financial services industry and a certified trainer and teacher, Professor Craig's #1 goal is to help you thrive in retirement with financial peace of mind. 

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Market Volatility and Your Home Equity
Financing Retirement, Retirement Planning

Market Volatility and Your Home Equity

As the stock market remains unpredictable, you may be feeling the pressure to liquidate invested assets — which may not be in your best financial interests. When feeling the financial pinch, you may also be considering selling your home or taking out a traditional Home Equity Line of Credit in order to monetize the equity. There may be another, more flexible way to ride out any stock market storms while allowing your investments to grow as the market recovers: A reverse mortgage.

In recent years, studies by respected financial experts — including the Center for Retirement Research at Boston College, researchers at Texas Tech University, and Dr. Wade D. Pfau, CFA® — have shown that older homeowners may have more financial security when using a reverse mortgage to access an important and often under-utilized retirement asset: home equity. For example:

  • A reverse mortgage line of credit can be a great financial tool that you can use as a “rainy day fund.” You can leave it untouched when you don’t need it, but it allows you to be more financially prepared when you do need additional funds — such as when invested assets are under-performing. Best of all, it has a unique growth feature that you can’t get with a traditional home equity line of credit: The unused amount grows over time — regardless of any fluctuations in the market or your home value — giving you access to more funds as time goes on.*
  • Or, you can choose to receive your funds as a steady stream of monthly advances1 for as long as you live in your home. This can be a great way to supplement your retirement income, while you avoid tapping into your savings and invested assets.
  • Or, you could choose to take your funds as a lump sum — in order to refinance your mortgage and/or consolidate major debt, so you can free up funds for other things.
  • You can also take your funds as a combination of the above. And if your situation changes in the future, you can even change how you receive your funds.

As you probably know, a reverse mortgage has a flexible repayment feature: YOU decide whether you want to make monthly mortgage payments — and if so, how much; or make no monthly payment at all. (As with any mortgage, you must meet your loan obligations, keeping current with property taxes, insurance, maintenance and any homeowners association fees).

If you have concerns about stock market volatility and how it may impact your retirement accounts, we encourage you to speak with your financial advisor. 

To learn more about how a reverse mortgage could help you ride out any dips in the stock market by accessing your home equity, please contact us today! 


If you have equity in your home and believe you meet the eligibility requirements, a HECM may be the option that could help you retire smart.

Check Eligibility

*If part of your loan is held in a line of credit upon which you may draw, then the unused portion of the line of credit will grow in size each month. The growth rate is equal to the sum of the interest rate plus the annual mortgage insurance premium rate being charged on your loan.

1Borrowers who elect a fixed rate loan will receive a single disbursement lump sum payment. Other payment options are available only for adjustable rate mortgages.



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A More Flexible Home Equity Loan

If you’re 62 or older, there is a home equity line of credit option that offers greater financial flexibility than a traditional Home Equity Line of Credit (HELOC). It’s called a Home Equity Conversion Mortgage (HECM) line of credit. 
If you have an existing mortgage or home equity loan you could refinance them with a HECM line of credit and get enhanced benefits, including a flexible payment feature and a line of credit that GROWS when left untouched.
As with any mortgage, you must meet your loan obligations, keeping current with property taxes, insurance, and keeping your home in good condition.

Equity Elite Reverse Mortgage

Put Your Home Equity to Work for You

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By clicking "CALCULATE", you are providing your signature and express "written" consent to be contacted by or behalf of Reverse Mortgage Funding LLC, its affiliates and/or its agents (collectively Company) at the telephone, email or mailing address that you have provided for purposes of fulfilling this inquiry about reverse mortgages and/or the Company's products or services, even if you have previously registered on a "do not call" government registry or requested Company to not send marketing information to you by email and/or direct mail. You agree that the Company may use automatic telephone dialing systems and prerecorded voice messaging in connection with calls or texts made to the telephone number you provide even if the telephone number is assigned to a cellular or mobile telephone service or other service for which the called party is charged and are representing that you are the regular user of provided number. You understand that you are not required to consent to receiving autodialed calls or texts as a condition of any reverse mortgage and/or purchasing any Company products or services. If you do not wish to authorize Company to contact you in this manner, you can call 888-277-1567 to complete your request. You understand that you can revoke this consent at any time.

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