If you have been watching the news lately you will notice the stock market has fallen for the past 4 days in a roll, even though our great and knowledgeable leaders have passed a little or to do nothing bill that the President signed and said would fix the budget and deficit problem. It makes me wonder if Real Estate Agents and Loan Officers need a license to do their job, then politicians should have to get a license and have to do continuing education as well to run for any public office too.

Despite all of your planning for your retirement and you find that you still come up short in this economy and after having been jolted by the last several years, Americans have adopted more realistic and pragmatic views of the possibilities before them. The findings indicate that before this last recession, 62% of people 55 and older felt financially secure. Now only 44% do. Retirees now see their retirement as a time for new priorities, new opportunities and new strategies for today's challenges.

This is why many retirees who are at least 62 years old with no mortgage or about 2/3's mortgage left to pay off may be eligible for a reverse mortgage and are looking at their options to supplement their retirement. A lot of retirees who have lost their most of their savings with a 401k or IRA are now looking at their home as their biggest asset left to use for their retirement. What a boost to their income if they can eliminate their current mortgage payment of $500.00 to $1,000.00 dollars per month.

The advantage to a reverse mortgage lets you tap the equity in your home without having to meet any income guidelines or make immediate payments as you would with a regular home equity loan. Now with the new Federal Regulations of 2011 the costs of reverse mortgage are now lower. Here is the deal with a reverse mortgage, with this economy the way it is currently, if your home loses value, any shortfall against the loan is the Federal Housing Administration's problem. Your heirs are not responsible for any short fall.

To find out more information about this program and how it can benefit you in your retirement contact me directly at 888-546-9927 or visit my website: https://www.thefederalsavingsbank.com/garycrist