Love your home? But it doesn’t love you anymore?

Do you love your home, your neighborhood and your neighbors?

Are you comfortable, and plan to stay put through your retirement years?

Does the thought of packing up all of your belongings, hiring a moving company,moving to an unfamiliar house and neighborhood sound like more aggravation than you’re ready for?

The New Reverse Mortgage for your retirement worries

The New Reverse Mortgage is the common name for the FHA HECM loan, Home Equity Conversion Mortgage. It allows you to convert your home’s equity into an actual asset not subject to the mood swings of the market.

Related: Protect your home’s equity with The New Reverse Mortgage

We Californians tend to think of our home’s equity as almost a “birthright” and that it will always be there for us when/if we need it. However, history tells us a different story. ”

Do you remember “Black Monday”?

On October 19, 1987 the Dow dropped a one day record of 22.6% (508 points), causing many families 401ks and IRAs to bottom out. California home values also took a major hit and dropped by more than 20%. Many of those families had their retirement dreams go up in smoke.

Related: The truth about The New Reverse Mortgage

And it wasn’t until 1995 that we began to experience a sustained recovery period.

The tech bubble was the first to burst in 2001.

2007 gave us the “bubble” of all “bubbles”

The DOW dropped by almost 50% (from 12,000 to 6,200) and not only did retirement accounts take the hit but by 2009 home values decreased by 40%. As a California homeowner who just hit 60, I can tell you that really threw up a major roadblock to my retirement plans.

Finally in 2010 the market turned and today families that were able to persevere have recaptured most of their losses.

So what does the future hold?

If I knew the answer to that I wouldn’t have any retirement worries. Since I don’t my only strategy is to prepare for the worst and hope for the best.

No one knows for sure what will happen with interest rates or the economy, but I can tell you for sure they will do one of three things: Things will go up, Things will go down, or Things will stay the same.

Related: Retirement planning is tricky business

In only one out of three of those scenarios will you get better terms on a Reverse Mortgage than you can get today. It’s your money, how much of a gambler are you?

If you love your home, a Reverse Mortgage might be just what you need to stay put and retire comfortably.

The New Reverse Mortgage isn’t for everyone…but it could be!

If you’re still wondering if The New Reverse Mortgage is the right solution for you but you’re not ready to sit down with one of our Reverse Mortgage Experts, then we’ll be happy to mail (or email) you Use Your Home to Stay at Home which is the official federally approved consumer booklet for those considering a reverse mortgage.