A reverse mortgage can eliminate your monthly mortgage payment increasing cash flow in the short and long term.
Use cash from a reverse mortgage to bridge monthly income gaps or manage tax brackets to reduce expenses in the short and long term.
Use a reverse mortgage to establish a line of credit to hedge against inflation and property deflation.
Home Equity Conversion Mortgage is a non-recourse loan. Only the home equity is responsible to pay off the mortgage--- not your clients, not their heirs, not their trust, not their estate or any of their other assets. Once the borrower is no longer living in the property, there is 12 months to make the decision.
1. Lump Sum Payment
2. Reverse Mortgage Purchase
3. Reverse Mortgage Line of Credit
4. Monthly Payments
5. Combination of Lump Sum payment + Line of Credit + Monthly Payments
A Reverse Mortgage could create liquidity for an otherwise illiquid asset. What is more valued, equity or cash? Cash is the most important ingredient for retirement.
A reverse mortgage is a non-recourse loan meaning it is not possible to owe more than you borrowed. Any proceeds from your home in excess of the amount borrowed will go to your heirs.