Reverse Mortgage
Unlock Your Home's Potential: Retire with Confidence
Your home is more than a place to live—it’s one of your greatest financial assets. If you’re nearing retirement or already enjoying it, tapping into your home equity can be a smart way to enhance your financial freedom and peace of mind.
Resource Financial offers tailored solutions to help you leverage your home equity for a more secure and comfortable retirement. Two of the most popular options are Home Equity Lines of Credit (HELOCs) and reverse mortgages.
What is a Reverse Mortgage?
A reverse mortgage allows homeowners aged 62 or older to convert their home equity into cash without selling their home or taking on monthly payments. This option provides a steady income stream or lump sum, helping you cover retirement expenses while staying in the home you love.
What is a HELOC?
A HELOC is a flexible line of credit secured by the equity in your home. It’s ideal if you need access to funds for large expenses like medical bills, home renovations, or travel. With a HELOC, you borrow only what you need, when you need it, and pay interest only on the amount used.
Benefits of Using Your Home Equity in Retirement
Supplement Your Income
Cover day-to-day expenses, healthcare, or other retirement needs.
Eliminate Debt
Pay off existing mortgages or consolidate other debts.
Stay in Your Home
Access the funds you need without having to relocate.
Flexibility and Freedom
Choose the solution that fits your unique retirement goals.
Ken Updegrave
Retirement Mortgage Planner
Ken has been working in the mortgage industry for the past 18 years. with more than 12 of those years spent specializing in reverse mortgages. He holds a bachelor of arts degree in Accounting and was a CPA and accounting and human resources software implementation specialist before beginning his career in mortgage planning. Fun fact about Ken: He passed his CPA exam in one sitting after being out of college for eight years!
Jeb Buckner
VP Wholesale Lending
Jeb began his mortgage career more than 25 years ago, working part time in the shipping department for a mortgage lender while in high school. Since then he has held various positions within the industry and has a solid knowledge of all areas of mortgage lending. He attended MBA school where he learned how the secondary mortgage market works, helping him better serve his borrowers from choosing the best loan to understanding the process post closing.
Take the Next Step Toward a Comfortable Retirement
Your home equity is the key to unlocking new opportunities in your retirement years. Contact us today to learn more about HELOCs, reverse mortgages, and how we can help you achieve your financial goals.
Ready to explore your options? Let’s work together to make the most of your home equity and secure your future.
