Ron Heath - How a Reverse Mortgage Helps In Retirement - a podcast by Radon Stancil, CFP® & Murs Tariq, CFP®

Is a reverse mortgage right for you?
If you’re retired or headed towards retirement and thinking about buying a property, a reverse mortgage could be the answer you’re looking for. A reverse mortgage is essentially a mortgage loan that allows the borrower to access the property’s unencumbered value. Unlike typical mortgage loans, reverse mortgage loans typically do not require monthly mortgage payments and are usually offered to older homeowners.
We get asked about reverse mortgages all the time, which is why we invited Ron Heath onto this episode of the podcast. Ron is an expert in reverse mortgages with over 13 years of experience in the reverse mortgage field. In this episode, he shares his thoughts on reverse mortgages and how they can help you in retirement.
In this episode find out:
Why Ron is passionate about reverse mortgages
The difference between traditional mortgages and reverse mortgages
How to access the equity in your home with a reverse mortgage
How home equity differs from reverse mortgages
Reasons why a reverse mortgage is beneficial for people in retirement
A step-by-step walkthrough of how a reverse mortgage works
How to transition from one house to a new house
How a reverse mortgage works in terms of inheritance and how it impacts heirs
How a reverse mortgage can be used for anyone considering this route with investments in the stock market
Common misconceptions around reverse mortgages
How to learn more about reverse mortgages and get the ball rolling
Why counseling sessions are important during the reverse mortgage process

Tweetable Quotes:
“There's no payment obligation associated with a reverse mortgage.”
“Counsellors have been mandated not to offer an opinion. Their whole role is to educate.”
“A reverse mortgage line of credit can never be frozen. It can never be reduced; it can never be canceled, unless the borrower is not meeting their obligations.”


Important Links and Mentions
Ron Heath’s website: https://mutualraleigh.com/ (https://mutualraleigh.com/)
Ron’s phone number: 919-412-0686
Ron’s email address: rheath@mutualmortgage.com


Resources:
If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!
To access the course, simply visit http://pomwealth.net/podcast (http://pomwealth.net/podcast)


To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net

Further episodes of Secure Your Retirement

Further podcasts by Radon Stancil, CFP® & Murs Tariq, CFP®

Website of Radon Stancil, CFP® & Murs Tariq, CFP®