Tuesday, February 2, 2016

Professional Pointer

Baby Boomers are living longer and are under increasing pressure to prolong & protect their retirement portfolio for as long as possible, and a Reverse Mortgage can help to make that a reality.


Financial planners are increasingly looking at the HECM as a way to establish a stand-by line of credit that both prolongs & protects their client’s assets. When considering this strategy; the features that stand out to savvy financial planners are things like:
The LOC grows over time!
HECM funds are tax-free with NO early withdrawal penalty!
The LOC itself cannot be cancelled by the lender but rather its guaranteed by FHA!
The best HECM loan originators are successfully collaborating with professionals in the financial services industry to provide retirees of all ages with solid options for living well during their retirement years.
         
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