With all the uncertainty surrounding the Covid-19 virus, people losing their jobs, the stock market declining and people’s retirement funds being reduced significantly, people are worried that we may experience another real estate correction.
For some senior homeowners with a reverse mortgage, this possibility doesn’t concern them. Why? Because with a reverse mortgage about 50% of your home equity is sheltered from any market downturn or correction.
If you are concerned about another real estate correction and want to protect some of your home equity, reach out to me. I will explain how it works and see if this special financing program for seniors may benefit you.