As you enter retirement, your financial priorities often shift. You may find yourself thinking less about income growth and more about stability, security, and long-term peace of mind. For many homeowners, a reverse mortgage presents a practical, flexible way to access cash—without needing to sell the home or drain savings.

While market uncertainty can affect retirement planning, the value sitting in your home could serve as a buffer during turbulent times. That’s where a reverse mortgage enters the picture.

How a Reverse Mortgage Works and Why It Matters

A reverse mortgage allows homeowners aged 62 and up to tap into their home equity. Instead of making monthly payments, you receive funds in the form of a lump sum, monthly payout, line of credit, or a combination of these options.

Because you keep ownership of your home, this tool simply gives you another way to use the equity you’ve already earned. Repayment only kicks in when you sell, move out, or pass away. That gives you more control over your money now—especially when traditional retirement income streams fall short.

Read More Reverse Mortgage: How Home Equity Can Strengthen Your Retirement Plan