Continuous learning can keep your mind sharp as you age and can play a fundamental role in making the most of your retirement. However, retirement savings can limit your ability to be a lifelong learner. One option to free up some cash and secure your financial stability is a reverse mortgage or Home Equity Conversion Mortgage (HECM). Starting at age 62, you can supplement your retirement plan with a HECM and change the education options below from ambition to reality.
Keep Learning: 5 Ways A HECM Can Help
If you consider yourself a lifelong student who can’t get enough of the classroom, returning to college in retirement might be just the right move. Tuition today is a big expense that would certainly put a dent in anyone’s nest egg, even if a second career is the ultimate goal. However, many colleges and universities now offer tuition waivers for older adults interested in undergraduate classes. That could put a degree, or at least a few classes, within reach for just the cost of books and supplies.
Staying socially active could be the retirement investment with the best returns. A HECM can provide the financial confidence to indulge in that art, cooking, or yoga class you always dreamed about but never had the time to do. Not only will you finally get to embrace a new hobby, but you can make some new, like-minded friends along the way.
The most determined students might decide private lessons are the best route to conquering a new skill. While likely to cost more than group classes, they can definitely put you on a fast track to success. Goals such as learning an instrument or studying photography could be best served with a private teacher, and a reverse mortgage might be just the tool to help cover the cost of lessons and equipment.
Of course, nearly everything someone would want to learn about is available via the internet these days. For self-motivated learners, picking up a new skill might be as simple as finding the money for a new computer, an internet connection, online curriculum, and a quiet workspace to help focus the mind.
When it comes to learning, there’s no substitute for immersing yourself in the subject. Whether it’s language, history, or cultures, you’ll be hard pressed to find a better learning method than seeing it all firsthand. Many retirees discover that a HECM can provide the financial freedom to travel more extensively, and realize that the globe is the most impressive classroom.
To find out more about how a Reverse Mortgage can work for you call Melinda Hipp , CRMP with Open Mortgage at 210-493-7332, email at firstname.lastname@example.org or visit texasreverse.net to learn more.
More about Melinda Hipp and Open Mortgage -
Melinda Hipp is Branch Manager with Open Mortgage|San Antonio and specializes in working with senior homeowners 62 and over who would like to access the equity in their home through a Reverse Mortgage. She has handled hundreds of satisfied Reverse Mortgage clients over the past ten years with many raving fans. She and her team are dedicated to giving you boutique service, a quick closing and personalized customer service.
Melinda regularly provides training to local real estate professionals and holds the designation of MBA, CRMP (Certified Reverse Mortgage Professional) and CMC (Certified Mortgage Coach.) Melinda is also an active member of NRMLA (National Reverse Mortgage Lender’s Association). An avid golfer, Melinda was a charter member of the San Antonio Chapter of the Executive Women’s Golf Association. She is currently a member of the National Reverse Mortgage Lender’s Association, Women’s Council of Realtors, San Antonio Board of Realtors, CRS and a board member of Golf San Antonio.
Melinda Hipp, CRMP | NMLS #219085
17721 Rogers Ranch Pkwy., Ste. 125
San Antonio, TX 78258
Toll Free: 844-265-5513