Social Security benefits are increasing 3.6% in 2027! That's approximately $75 more per month for the average retiree.
But with inflation at 3.7%, rising living expenses, and potential Medicare premium increases, will that extra money be enough?
Many older homeowners have substantial equity in their homes but struggle with retirement cash flow.
A reverse mortgage may provide a way for eligible homeowners to access that equity without required monthly principal and interest payments. Homeowners must still meet property tax, insurance, maintenance, and other loan obligations.
I've been helping California homeowners with mortgage financing for 35 years.
If you're retired and wondering whether your home equity could help improve your financial situation, DM me.
Have questions about buying, refinancing, or tracking your mortgage rate in California?
Call or text 925-885-1919, request a video or phone appointment, enroll in free RateAnalyzer rate monitoring, or start our Quick Application.
Russell McDonald | NMLS 290837 | Broker CA DRE 01150730
Wymac Capital Inc | NMLS 18766 | Broker CA DRE 01121628
Real Estate Broker – CA Dept of Real Estate #SocialSecurity #COLA2027 #RetirementPlanning #ReverseMortgage #Shorts