Is it Safe to Get a Reverse Mortgage in 2023? – 3 Reverse Mortgage Reforms

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Matt Stout shares three safe reverse mortgage reforms that have made a big difference for retirees.

A reverse mortgage can act as a safety net to avoid spending savings in these situations and offers borrowers many benefits like the ability to stay in their home for as long as they want and the option to take out a line of credit without making payments.

1. Family protection reverse mortgages now allow all borrowers to stay in the home without making a payment, no matter how old they are or what they owe on the home.
2. Protect your assets from being taken away and draining your savings.
3. Keep Equity Loan amounts lower and preserve equity for something else.

Did you learn something new? Let us know in the comments below!

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Important Timestamps:

0:46 Reform #1 – Family Protection
1:31 Reform #2 – Asset Protection
2:18 Reform #3 – You Keep Equity

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Matt Stout started Consumers Financial Mortgage in 1995 with the vision of helping homeowners save money. Since that time, he has worked to perfect the art of understanding mortgage customers and their financial goals. Using what he calls his “Mortgage Map”.

Matt creates options based on his client’s financial goals to better guide them to the best viable options. In his spare time he enjoys creating new recipe ideas, traveling, and spending time with his family.

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Is it Safe to Get a Reverse Mortgage in 2023? – 3 Reverse Mortgage Reforms

Video Description

View our Recent Videos

Related Resources

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3 Types of Zero Down Mortgages

3 Tips When Dealing With Divorce And Mortgage Approval

What Credit Score Do You Need To Buy A House?

3 Reasons To Refinance

When Home Improvement Loans Are A Good Idea

10 Steps To Buying A Home

Meet Matt Stout

More than just another mortgage broker

Applying is only a few clicks away

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