FAQ: How Do I Model a Reverse Mortgage or HELOC in Adviice?

To model a reverse mortgage or HELOC withdrawal in retirement you’ll go to Discovery > Debt and add a new debt called “Reverse Mortgage” with $0 payments but the appropriate interest rate.

Then in Planning > Projections you’ll scroll to the right of the Table to the Debt columns, you’ll open the debt using the “>” arrow, and you’ll add negative payments to simulate withdrawals. This cash flow goes into general cash flow to help pay expenses.