Blue Ridge Mortgage BLUE RIDGE MORTGAGE Call Now Home About Choices Mortgage Tools Reverse Mortgages Please Contact Us Another Case for Reverse Mortgages May 20, 2016 by admin With more and more people taking a look at the financial sense of Reverse Mortgages, the Wall Street Journal weighs in with another article on why they might make the most dollars and cents for you. “Intuitively, there are two reasons why opening a reverse mortgage earlier in retirement has the potential to improve retirement efficiencies despite the reverse-mortgage costs for those wishing to remain in their homes. First, coordinating draws from a reverse mortgage reduces the strain on investment portfolio withdrawals, which helps to manage the sequence of returns risk facing retirees. Retirees are more exposed to investment volatility because volatility has a bigger impact on financial outcomes when taking distributions from the portfolio as compared with when adding new funds to the portfolio. Reverse mortgages provide a buffer asset to sidestep this sequence risk by providing an alternative source of spending after market declines. The second potential benefit for opening the reverse mortgage early, especially when interest rates are low, is that the principal limit that can be borrowed from will continue to grow throughout retirement. Reverse mortgages are non-recourse loans, and for sufficiently long retirements, there is a reasonable possibility that the line of credit may grow to be larger than the value of the home.” http://blogs.wsj.com/experts/2015/11/30/the-new-case-for-reverse-mortgages/ When you’re done, take a look at our Reverse Mortgage Center and see how we can help you reach your goals. Filed Under: Reverse Mortgages Contact Us Lynchburg Office 916 Main Street Suite 400 Lynchburg, Virginia 24504 (434) 846-1300 Phone (434) 846-7670 Fax Bedford Office 151 Market Square Bedford, Virginia 24523 (540) 586-1973 Phone (540) 586-9052 Fax Like Us on Facebook News & Updates The New York Times Got It Wrong About Reverse Mortgages Mortgage Broker or a Bank? Glad You Asked Another Case for Reverse Mortgages New Math on Reverse Mortgages Contact Us Lynchburg Office 916 Main Street Suite 400 Lynchburg, Virginia 24504 (434) 846-1300 Phone (434) 846-7670 Fax Licensed by the National Mortgage Licensing System (NMLS) # 393152 Information can be searched by visiting www.nmlsconsumeraccess.org Contact Us Bedford Office 151 Market Square Bedford, Virginia 24523 (540) 586-1973 Phone (540) 586-9052 Fax © COPYRIGHT 2021 BLUE RIDGE MORTGAGE · ALL RIGHTS RESERVED ·