Retirees looking to retire monthly mortgage payments, increase cash flow or travel during their golden years while their health is good. The question is are we missing out on touching on a more important motivation for potential reverse mortgage borrowers?
[ad#Network Funding] [vimeo id=”80085113″ width=”625″ height=”352″] Changes In Retirement And The Reverse Mortgage Market In recent years American’s views on retirement have changed substantially. Many are working longer not from choice but need. Dan Gorin, supervisory policy analyst for the Federal Reserve said “The definition of retirement has changed dramatically.
Dylan sang, "The times they are a-changin'," and the septuagenarian's lyrics presaged today's workforce. Gone is the gold watch and golden years playing golf or relaxing on the front porch.
[vimeo id=”28828489″ width=”601″ height=”338″] During this week of remembrance here are some things to remember that have made the reverse mortgage industry stronger: We’re not selling loans, but changing lives Our industry has improved consumer education, product choices, and costs 4 million plus Baby Boomers will reach retirement age each