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.
