Over 25 million potential borrowers are waiting
Financial Assessment (FA) strengthens loan quality
HECMs can be used to purchase a new home
HECMs are FHA-insured loan programs
Financial Planners recognize HECMs as a viable retirement option
INCOME LITERACY QUIZ
The academic experts at The American College New York Life
Center for Retirement Income relay that a comprehensive
retirement income plan should at least address home equity.
One commonly misunderstood home equity retirement income solution is a reverse mortgage.
Take this 10-question T/F quiz from The American College New York Life Center
for Retirement Income to see how much you understand about reverse mortgages.
Using HECMs as a Financial Tool
when Planning for Retirement.
are a tax-free way for home owners to
supplement their portfolio withdrawals.
REVERSE MORTGAGE FACTS
You are likely feeling the pinch due to recent decline in refi volumes. This trend will likely continue for some time to come. Did you know a HECM for Purchase is a viable option for borrowers 62+?
The ‘Baby Boomer’ generation is turning 62 at a pace of about 10,000 a day adding to a potential market of 25 million borrowers. We can help you reach them.
Not only are reverse mortgages easy to understand, our RV Exchange software makes explaining them to a borrower a snap. Compared to traditional loans, the reverse loan process is easy. Plus, helping a borrower retain their home and age in place is extremely rewarding.
REVERSE MORTGAGE MYTHS
Not true. Just like with a forward mortgage, the borrower retains title on the home.
False. Compared to other options, reverse mortgages can actually be less expensive in terms of total cost over the life of the loan.
Incorrect. In fact, borrowers can use a reverse mortgage to pay off an existing traditional mortgage or even to buy a new house.