Vandyk is partnering up with Make-A-Wish Foundation

VanDyk's Legacy Team is partnering up with the Make- A- Wish Foundation to help grant wishes to over 8,000 critically ill children waiting in the Indiana, Ohio, and Kentucky area. Make A Wish grants wishes to children with life threatening medical conditions to instill hope, strength, and happiness. With impacting over 136 families in the 2015 year, the foundation hopes to impact even more in 2016. Along with many other sponsors Vandyk chooses to actively impact those in our community and help reach that 2016 goal!

On Saturday, June 11th, 2016 come join our team at Sawyer Point to help make differences in little kids lives. There will be a family friendly one to three mile walk, music, food, and a chance to meet families who have already been impacted!

Cant Make It? Let your generous DONATION do the talking!  Visit our Legacy Team page HERE: http://www.kintera.org/faf/donorReg/donorPledge.asp?ievent=1154671&supId=436244478&extSiteType=4

 Vandyk set a company goal to raise $8,000 dollars for one wish to be granted to a special child! Become a part of our team and help us grant that wish! 

Check our page out!!

An Easy Way To Increase Retirement Funds

An Easy Way To Increase Retirement Funds

This strategy provides cash-flow during the early years of retirement while allowing the social security benefit to grow if it has not yet been claimed, as well as, allows retirement accounts to grow in order to provide more later in life.

Using home equity instead of drawing social security early, or drawing more than required from retirement funds, allows individuals to achieve a number of financial goals, the most important of which is prolonging the length of time your retirement funds will last.

 While using a bank home equity account might cost less at the beginning of the loan, the payments and the bank re-qualification requirement often cause unnecessary risk and regret years later. The FHA Home Equity Conversion account costs more upfront but has several advantages that make the cost worth it over the years.

An FHA Home Equity Conversion (HECM) account requires no monthly payments on funds used, and has no re-qualification requirements. The monthly supplement is guaranteed in the mortgage contract and is backed by the Federal Housing Administration for as long as those on title live in the home – even if the equity runs out.

However, the supplement can be increased and set on a shorter term thus allowing younger retirees to delay social security, reduce reportable income for tax purposes, prolong the growth period for retirement funds to grow, and protect retirement portfolios from being drawn down too early.

CHOOSE YOUR RETIREMENT PLAN

Example:

Plan #1         (Traditional)        Plan #2 ( HECM line of credit )

Social Security    $1200          Social Security    $1200

IRA distribution  $800            IRA distribution  $800

Monthly income $2,000         Monthly income $2,000                                           

Emergency fund $8,000         Emergency fund $80,000

An FHA Home Equity Conversion line of credit gives Retirees an additional resource - just in case they outlive their money. The earlier the plan is set up, the more will be available in the line of credit. It's a safety net for folks who want to live in their homes as long as possible. Call Julia for more details 502-426-7840 or visit her website in Louisville www.mymortgagelouisville.com

Will you help a critically ill child this holiday season?

Will you help a critically ill child this holiday season?

Join our Frequent Flyer Miles Contest to Benefit Make-A-Wish®

Miles hanging around in your frequent flyer account?  How many frequent flyer miles do you have just hanging around in your skymiles account that you cannot use? If you are like me, I earn enough miles to have an account, but I never earn enough to fly anywhere with them. In the end, my frequent flyer miles either expire, or the airline offers me merchandise like magazines to use them up.  It can be frustrating. 

This year, the Legacy team at VanDyk mortgage has a solution to your un-used frequent flyer miles dilemma. It’s a win-win proposition for you and a child in South-West Ohio who really needs your help to make their deepest wishes come true.

When you donate your unused frequent flyer miles to the Make-A-Wish® Foundation, which grants wishes to local children suffering with a critical illness, you will be entered into a drawing to win:

Dinner for two, including a cocktail hour and live entertainment (valued at $300). There will be a silent and a live auction that will benefit Make-A-Wish® children and their families. Last year, Bob & Marianne from Warm 98fm served as co-emcees for the event and were helped out by local talent from WLWT’s Channel 5. You and your date will win a seat at the gala table with VanDyk’s very own, Rob Young. 

To ENTER the contest, simply-

1. Click on the following link to donate your frequent flyer miles: http://bit.ly/1QeDnlM

2. Go to the VanDyk Mortgage Facebook page, LIKE it, then post: “I’m a Legacy Changer”

For an extra entry, post a pic of yourself from the last place you flew with the caption, “I’m a Legacy Changer”.

 3. Invite your friends to do the same!

Official Contest Rules: No purchase necessary to win, but the winner must have donated frequent flyer miles to the Make-A -Wish Foundation® using the VanDyk contest weblink.  Contest ends on 1/5/2016 at 12:00pm EDT. Open to all US residents who are citizens over 21 years of age. Enter as often as you like. The prize has no cash value and is transferrable but cannot be sold. Entrants agree to completely release Facebook of any responsibility for this contest. Further the promotion is in no way sponsored, endorsed or administered by, or associated with, Facebook.

5 Smart Moves for Retirees

                                                        5 Smart Moves for Retirees:

1        Set up a line of credit that grows over the next twenty years along with the appreciation on your house using an FHA Home Equity Conversion Reverse Mortgage.  Then you will have a substantial fund to use for the rise in cost of living and home care when you are old.

2        Eliminate your monthly mortgage payment using a reverse mortgage.

            If your spouse passes away, replace the loss of income by setting up a monthly supplement to your income    using a reverse mortgage for tenure that can last longer than your home equity.

4       If you have to divorce, you can stay in your home by using an FHA Home Equity Conversion Reverse      Mortgage to pay your spouse so they can move on.

 5.       Downsize to a more comfortable home using a reverse mortgage to purchase your new home so you don’t   have to use all your cash - and you will have no monthly mortgage payments. 

      Do you or your financial planner have any questions or want to explore the HECM loan further? 

      Let me show you how SMART you can be fully utilizing the value of your home.

Do You LOVE a BARGAIN?

Did you know that in a recent study, one of the top 10 things you can do for yourself in order to feel better on “one of those days”, researchers found that getting a bargain is #4 on the list!

That being said, Julia has a great bargain to share with seniors who are looking to buy a new home.

 Best Bargain in the Real Estate Market:

How To Buy a House and Pay Half the Price!

There is an FHA mortgage available that can be used to purchase a home without ever having to make monthly mortgage payments on the mortgage. Here are the details:

* FHA Home Equity Conversion Mortgage (HECM)

* One borrower must be age 62 or older

* The down payment is approximately 50%

* The down payment cannot be borrowed

* This is a declining equity loan although you can never owe more than your house is worth

For more details on the FHA loan, call or email Julia in her Louisville office.

Julia Atherton NMLS 645994

 502.426.7840 office

Afraid You Might Run Out Of Money?

AFRAID YOU MIGHT RUN OUT OF MONEY?

Build Your Own Long Term Care Fund on the Cheap!

www.mymortgagelouisville.com

One little known advantage of the FHA Home Equity Conversion (Reverse) Mortgage is how the credit line works: Once it is put into place, the available funds on the credit line continue to increase. FHA guarantees the percentage of increasing credit  even if the available credit becomes more than the house is worth. Unlike a bank credit line – this credit line cannot be reduced or closed unless you move out of your home for over a year.

If you are concerned about needing funds for long term care, there is no need to make high-cost  monthly  payments for an insurance policy when you can set up a credit line at minimal cost. Because the growth builds exponentially over time, the sooner you set it up the better. However, you are not obligated to ever use the credit line, and if you don’t, you will not have a balance on your account to repay. You receive a monthly statement showing the available credit line and any balance. The funds you use are tax-free and although you do not need to pay them back while you are living in your home, you may make payments if you wish.

If you just want to be sure you are in the best position possible if the time comes that you need home care, having the credit line available provides peace of mind. You can draw on the credit line in any amount at any time without having to repay it in monthly payments. When you no longer live in the home, the home can be sold or refinanced, and any funds you used, plus any payments, can be repaid from the proceeds.

This FHA- insured credit line is a very safe back-up plan that may take the burden off of your children - and covers you just in case you outlive your money.

Call Julia at 502-426-7840 direct to learn more about how you can access your own line of credit.