by ngpearl | Feb 22, 2023 | Uncategorized
Reverse mortgage loans are widely misunderstood, and many homeowners and advisors have a strong negative bias against them. Unfortunately, those misconceptions and preconceptions hold back many ideal candidates from ever considering a reverse mortgage. Today’s...
by ngpearl | Nov 14, 2022 | Uncategorized
I just read this article and wanted to share it with you – Trillions in equity vanished from the housing market in the third quarter. An excerpt from the article below: High mortgage rates and looming economic uncertainty caused trillions in equity to evaporate...
by ngpearl | Oct 6, 2022 | Uncategorized
Storytime – how Joan used her Reverse Mortgage to pay for a Roth Conversion Joan, a 65-year-old retiree, has $500,000 in a traditional pre-tax IRA and is looking to switch to after-tax Roth funds. Joan would have to pay $175,000 in income tax on the converted...
by ngpearl | Oct 6, 2022 | Uncategorized
For financial planners, risk mitigation is essential. So even if a new product category presents significant potential for benefits, it will not be recommended to clients if there are too many unknowns. Those unknowns are what cause many financial planners to ignore...
by ngpearl | Sep 26, 2022 | Uncategorized
With a reverse mortgage loan, the clients of financial planners can access the home equity that they have built over the years but can’t monetize. While home equity is certainly good, it isn’t necessarily the best form of wealth for everyone. 1. Reverse...
by ngpearl | Aug 18, 2022 | Uncategorized
When reverse mortgage loans were first introduced in the early 1960s, they did not have any government programs backing them. Today, most, but not all, reverse mortgages are insured through the Federal Housing Administration (FHA)’s Home Equity Conversion...
