These days more than ever, people want to stretch their retirement
funds through strategic financial planning. A HECM reverse mortgage is a
tool, available only to people who are 62 years of age or older, that can be
highly effective when considering how to fund
retirement and the cost of medical care in later years.
Recently, Julia Atherton at VanDyk
Louisville, partnered with a trusted financial planner to choose a HECM home
loan for one of her long time clients. The client’s husband had passed away leaving his wife’s future
uncertain when it came to remaining in the homestead
because of the loss of his income. Because Julia Atherton was able to
lead the widow through the reverse mortgage process skillfully and assure her
financial planner that securing the home by using a HECM was the smartest
option, and the widow’s
income has been replaced. There are no
payments for as long as the widow chooses to live there and the home will go to her heirs according to her will.
With an FHA-insured HECM, her heirs are protected
and have many options regarding remaining equity and retirement funds.
If you would like more
information on how a HECM works, call Julia locally at 502-426-7840 to
discuss the unique advantages of choosing a HECM reverse mortgage loan to
secure your retirement and your family’s
legacy right now. There has never been a better time to learn about this
safe, flexible home loan option.
Call or visit Julia at www.mymortgagelouisville.com
