"It's a scam"....no, it's not!
"It's a last resort"...nope!
"The bank owns your house"...no they don't!
"I'll loose title to my house"... incorrect!
"I won't be able to sell"...yes you can!
"My kids will end up having to pay back more than my house is worth"...not true. EVER!
"I have investments. I don't need a reverse mortgage"....Maybe, maybe not.
Did you know a reverse mortgage can assist in prolonging the life of your investments and retirement income?
Learn why over the last 10 years more and more financial planners are getting onboard with reverse mortgages due to the fact that they are a legitimate, bona fide strategy for creating wealth. It can be an invaluable tool to utilize on it's own or in addition to your current retirement & investment plan. To learn how a reverse mortgage can help you or one of your loved ones, give us a call.
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Why would I get a reverse mortgage?
The #1 answer is... to supplement income during retirement. Here are a few of the benefits... No mortgage payments for life, be able to stay in your home forever, payoff debt, increase income, access to tax free cash, less stress, travel, home improvements, create special moments with your family, prolong the life of your savings & investments etc... The sad truth, is that most people's incomes drop significantly when they retire. In addition to the regular bills like gas, electric, water, auto insurance, repairs etc...retirees incur new expenses that they didn't have to worry about when they were younger. Increased medical insurance, more frequent doctor visits, prescriptions, cost of living increases etc... all while living on a fixed income and if the market takes a hit... so does their nest egg.
Did you know that...
68% of Americans are concerned that they will not have enough money during retirement.
The Motley Fool. July 10, 2020
77% of Americans 50 and older say they want to age in place.
AARP. November 21, 2022
$87.7K is the median retirement savings account balance for people ages 65 and older.
CNBC via Vanguard. July 30, 2022
These are staggering numbers!
To learn how a reverse mortgage can help you or one of your loved ones, give us a call.
949 673 SURF
Why is there so much misinformation about reverse mortgages?
Ever played the game telephone, watched some YouTube videos or held on to an unverified story or unsolicited advice you heard decades ago??? In most cases, this is why! Modern day reverse mortgages are not the reverse mortgages of the early 90's. Many safeguards have been implemented by HUD to protect seniors and their homes to ensure that qualified homeowners ages 62 and older, in some cases 55 and older, can have tax free access to the home equity that they worked their entire lives to obtain. To learn how a reverse mortgage can help you or one of your loved ones, give us a call.
949 673 SURF
What does age in place mean?
Continuing to live in your home and not having to go to an assisted living home or rely on family members to care for you. Nobody wants this but many have to because they lack the funds to pay for the advanced care that they need. Anyone who has or has had elderly parents knows how difficult and emotional this can be. A home is many things, it's family, it's a foundation, it's safety, it's comfort and it's likely the biggest asset most of us will ever have. To learn how a reverse mortgage can help you or one of your loved ones, give us a call.
949 673 SURF