PJ's Reverse Mortgage Blog

Here in Amarillo and the Panhandle of TX., we have mostly escaped the dire real estate problems of the West and East coasts.  Our properties did not appreciate as much and thus we have not seen the 50% drops in values they have seen. 

The caveat to that is, we may still see a drop in the future.  This makes a strong argument for quickly moving forward if a reverse mortgage is in your future.

Not only are our property values stable in the TX Panhandle, but interest rates are still very low.

These are two of the most important pieces of the equation that leads to the amount of equity release.  The other being your age.

My advice?  Do it now, or get less money. :(