What Exactly Is a Reverse Mortgage?

What Exactly Is a Reverse Mortgage?

From SML Planning Minute by Security Mutual Life Advanced Markets Team

June 9, 2026 · 8 min · Episode 387

About this episode

This episode discusses what a reverse mortgage is and its potential benefits for retirees.

What Exactly Is a Reverse Mortgage? Episode 387 – We hear so much talk these days about reverse mortgages. Are they worth looking into? For some people the answer is yes, but only if certain conditions are met. More SML Planning Minute Podcast Episodes Transcript of Podcast Episode 387 Hello, this is Bill Rainaldi, with another edition of Security Mutual’s SML Planning Minute . In today’s episode: so what exactly is a reverse mortgage? It’s hard to miss all the talk these days about reverse mortgages as an income tool for retirees. Some experts like them, some experts don’t. But what are they and how do they work? For many Americans, their biggest asset is the equity they have in their home. Some might not have saved much for retirement. But after years, perhaps decades, of living in the same home, they’ve built up their home equity through appreciation and amortization of their mortgage. When they look at their balance sheets, that becomes their biggest plus. What options do people have if they get to retirement age, have limited retirement savings, and realize that Social Security just isn’t going to be enough? A reverse mortgage is one possible answer. A reverse mortgage…

People in this episode

Host: Bill Rainaldi

Topics covered

  • reverse mortgage
  • retirement planning
  • home equity
  • financial tools
  • income strategies

Keywords

  • reverse mortgage
  • retirement
  • home equity
  • financial planning
  • income tool

Mentioned in this episode

Organizations: Security Mutual Life

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