|
If you are a trusted advisor of a senior homeowner who is age 62 or older, there
are several things you should know about reverse mortgages and how they can help
seniors live more comfortably and securely.
-
A safe, proven choice.
A HECM reverse mortgage is a government-protected financial tool that has helped over 150,000 seniors enjoy better lives. Many safeguards are built into the program to protect seniors from predatory lending practices.
-
The best of both worlds.
A reverse mortgage can be the right choice for senior homeowners who need additional income without having to sell their homes to raise cash. With a reverse mortgage, the homeowner can get a monthly payment, a line of credit or a lump sum distribution without having to move or give up title to the home.
-
Ideal liquidity tool.
A reverse mortgage is an ideal way to create liquidity from a real estate asset.
This liquidity can enable seniors to pay bills, make home repairs, retire an
existing mortgage, or to purchase such health-related services as long-term care
insurance.
-
Tax-free* money.
Since a reverse mortgage taps into existing home equity, the proceeds are not taxed
as income.
*Consult Tax Advisor
Interested In Joining Our Team or
Offering Reverse Mortgages to Your Clients?
Learn More Here. |