For clients who qualify and wish to remain in their homes, a Home Equity Conversion Mortgage (HECM)—commonly known as a reverse mortgage—can be an important, though often misunderstood, retirement planning tool. By allowing homeowners to access home equity without required monthly repayments, HECMs offer a potential source of cash flow later in life. This article outlines how reverse mortgages work, traces their evolution into a federally backed program under the U.S. Department of Housing and Urban Development, and highlights key considerations advisors should understand before incorporating them into a retirement strategy.
Instant Access
Read the Full Publication
Our Members receive new publications by mail and in the Membership Newsletter. For immediate access—or if you’re not a member—complete the form below.
About Investments & Wealth Review
Investments & Wealth Review is a bimonthly magazine, written by award-winning authors from academic institutions and leading financial firms. Immerse yourself in current industry news and thought-provoking articles on the investment, legal, regulatory, business development, retirement, and wealth management topics that matter most to you and your clients.
