Reverse Mortgage are a versatile retirement funding tool that can be utilized in many ways. Here are just some of them:

1. Pay off your forward mortgage to reduce your monthly expenses. 
2. Re-model your home to accommodate aging limitations. 
3. Maintain a line of credit (that grows) for health emergencies and life surprises. 
4. Cover monthly expenses and hold on to other assets while their value continues to grow for legacy wealth
5. Cover monthly expenses and avoid selling assets at depressed values. 
6. Hedge against a Bear Market and build a "safety net" for unplanned expenses
7. Choose tenure payment option and receive payments for the rest of your life.
8. Pay for health insurance during early retirement years until Medicare eligible at 65. 
9. Pay your Medicare Part B and Part D costs. 
10. Combine life tenure payments with Social Security and income generated by assets, to replace your salary and maintain your monthly routine of paying bills from new income. 
11. Pay for your children’s or grandchildren’s college or professional education. 
12. Finally take the educational course - learn that thing you always wanted to learn. Learn to dance,  engage in baking classes, learn a new language
13. Maintain a “standby” cash reserve to get you through the ups and downs of investment markets and give  you more flexibility.
14. Combine proceeds with sale of one home to buy a new home without a forward mortgage and monthly  mortgage payments. 
15. Pay for long-term care needs that are not covered by medicare like palliative care 
16. Enjoy your hobby, you no longer need to make into a vocation: furniture restoration, wine making, art creation
17. Fill the gap in a retirement plan caused by lower than expected returns on your assets. 
18. Pay for short-term in-home care or physical therapy following an accident or medical episode.
19. Pay for a retirement plan, estate plan, a will or end of life expenses. 
20. Convert a room or basement to a living facility for an aging parent, relative or caregiver. 
21. Set up transportation arrangements for when you are no longer comfortable driving. 
22. Create a set aside to pay real estate taxes and property insurance and other fees like home owners association due, land rent or flood / earthquake insurance premiums. 
23. Delay collecting Social Security benefits until it maxes out at age 70.
24. Eliminate credit card debt and avoid building new credit card debt. 
25. Cover monthly expenses in between jobs or during career transition without utilizing other saved assets. 
26. Cover expenses and avoid capital gains tax consequences of selling off other assets. 
27. Purchase health-related technology that enables you to live in home alone.
28. Pay for an Uber or Lyft account so you have mobility and access to appointments and social activities. 
29. Help your adult children through family emergencies, while maintaining healthy boundaries.
30. ​Invest in a trusted advisor - a financial planner to help stay on track with your funds
31. Invest in self-care assistance for things like help with daily house work, house cleaning, ect
32. Pay off medical bills, vehicle loans or other debts and improve your cash flow and become debt free
33. Fund necessary home repairs or renovations
34. Take those "someday" vacations - Satisfy your wanderlust! Take a cruise or hop a train for a week away.
35. Actually be retired and enjoy doing "nothing" - no schedule to keep - overcome your fear of missing out.
36. Be able to have a peace of mind to give back by volunteering in your community. Donate your time to prep-work meals for meals on wheels, teach a skill, lead museum tours. Need some more ideas, check out VolunteerMatch to find opportunities in your community.
37. Tell us how you want to use the money.

Don't forget to check out our News page for up-to-date information on the latest developments in the reverse mortgage market, as well as retirement planning and elder care. You should also take a peek at our blog. People read blog posts for a variety of reasons, but gaining new knowledge is by far the most prevalent reason. Some people read to pass the time, while others read to keep up with current events and developments in areas that are important to them. Also check out our Knowledge Centre page to see if there are any resources that would be useful to you.​

We’d love to hear what you think of us and where you believe we can improve. If you have any questions, please do not hesitate to contact us. We are always willing to help! You can also learn more about us by watching Trusted Advisor for Trusted Advisor Video. 

We encourage you to call Marc to discuss your or your clients case without any concerns. As Bar Association, PFAC, Chamber of Commerce, AFCPE, NRMLA and FPA members, we adhere to a rigorous ethical standard. 
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"Marc's very professional, very knowledgeable, and he doesn't give up. He has a lot of tools in his toolbox.If one solution doesn't fit, he's not a quitter. He'll try to figure out something else that's going to work. He just has that attitude that if there's something he can do to help you he will, and if he can't he knows somebody who can help you." - Client: Deb Lewis, Los Angeles, CA

"It worked out rather well. I'm very happy with the situation. Marc has been always available. He's been great. He's been attentive. Marc is knowledgeable, a very good communicator. And he's became sort of, I would like to say personally, a friend." - Client: Rob Corona, Topanga, CA 
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"If I had known when we got our first reverse mortgage, the things that I know now and just being able to have somebody like Marc to advise you and be there with you throughout the process. And even afterward, when a spouse dies or when you are a non-borrowing spouse and the importance of getting your name back on the deed and what have you. Marc is extremely knowledgeable, very well educated in this process, and does not, if you will, a fly-by-night concern. So he really understood the process, and the folks who worked with him to get all my documents and were very professional and available at any time to take my call. So just to be able to have somebody look for you, somebody knowledgeable and that cares about the process." - Client: Stephanie Hargrove, Long Beach, CA
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