The National Reverse Mortgage Lenders Association’s website includes resources explaining how the loans work, how they can be used and how they are repaid.
It’s our job as professionals to make sure strategic uses of home equity are not a blindspot for our clients. We are going to see a rise in the number of Americans needing to use home equity in their golden years of retirement. Will you proactively learn about home equity strategies or wait until your client asks you a question you’re not prepared to answer?
Brendon Jenks is the owner of two registered investment advisory firms, Wealth Renovators and Stewardship Wealth Management in Overland Park, Kan.