https://www.forbes.com/sites/wadepfau/2019/04/10/hecm-for-purchase-program/#1f887b8450d1 https://retirementresearcher.com/reverse-mortgage-calculator/

8 replies
  1. wsgriffi
    wsgriffi says:

    Josh, I like the reverse mortgage option due to less return risk. In my mind the extra $60-80K at the end with the $190K mortgage is not worth the return risk. Question: what about the cost to set up the reverse mortgage? I seem to remember you saying they are expensive to set up. Will that make the difference greater? This has given me more to think about if/when we decide to buy another home. Thanks

    Reply
  2. Sergio Santana
    Sergio Santana says:

    You will need other sources of income to make the non R.M strategy work you will not qualify for the loan counting on a brokerage account that you have to draw on a withdrawal rate of 5.50%.

    Reply

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