Cash flow is very important for retirees on a fixed retirement income. For the same reason that many retirees invest in an immediate annuity—guaranteed cash flow for life—so, too, will retirees find that a monthly check from their HECM Reverse Mortgage will provide the same sort of comfort.
Remember our average retiree, living off of $1,230 a month from Social Security and a small nest egg? For this individual, adding even a few hundred dollars a month to his or her cash flow will be life-changing. Of course, in many cases, borrowers will have some debts to pay off. Retiring debt also increases cash flow, so the net effect is the same.
