This “Retirement Secret” Has Helped Over a Million Baby Boomers in the U.S.
As baby boomers retire at the rate of 10,000 per day, many are finding out too late that they are underfunded for retirement…
And if either you or your spouse are over 62 then you’ve probably saved as much as you possibly could for your retirement - the next chapter in life.
But the question you need to ask yourself is, “have I saved enough?”
With 10,000 baby boomers reaching the age of 65 every day and living longer, it may be worth taking a closer look to ensure your retirement assets will fund your longevity.
Most people tend to underestimate their life expectancy, save less than they should and fail to consider how much health care might cost in retirement.
The Most Misunderstood Financial Product in Existence…Reverse Mortgage Loans.
A reverse mortgage loan may be a vital planning tool that can help you live out your golden years in comfort and security*.
Reverse mortgage loans are specifically designed to help people, age 62 and older, tap home equity to help cover their retirement needs. You can use the proceeds from your reverse mortgage loan to pay for medical care or other bills, to protect your investment portfolio during market downturns or even to delay Social Security and increase your monthly benefits later in life.
The reverse mortgages of today are not the same as reverse mortgages 10 year ago, that’s why reverse mortgages deserve a second look
And while reverse mortgages have gotten a bad rap over the last decade, the product has changed considerably and become more regulated and are now gaining a lot of attention as a viable option for retirement income.
One of the most common misconceptions is that the bank will own your home if you take out a reverse mortgage. But in fact, with a reverse mortgage loan, borrowers retain ownership of their home, if you stay current on your property taxes, homeowner's insurance and otherwise comply with the loan terms**.
How much could you expect to receive from a Reverse Mortgage? Depending on your age, homeowners typically can tap between 50 percent and 75 percent of the home’s appraised value, usually up to $450,000.00 in tax-free*income through this new Home Equity Conversion Mortgage (HECM) program, better known as a Reverse Mortgage.
The older the borrower and the higher home value, the higher the available loan amount.
To find out more about reverse mortgage loans, we encourage you to browse the informative website from Reverse Mortgage Educators. Click now to get information from one of their specialists and find out how this flexible financial tool may be just right for you.
See how much money you can get today…