PERFECT STORM STATISTICS
|
|
- Bridget Cooper
- 8 years ago
- Views:
Transcription
1 NAIFA CE
2 ABOUT US At Fairway, customer service is a way of life. Fairway is dedicated to finding the best rates for customers and also offers some of the fastest turn times in the industry. The goal is to act as a trusted advisor, providing highly personalized service and helping through every step of the loan process. It s all designed to exceed expectations, guarantee satisfaction and earn trust.
3 PERFECT STORM STATISTICS 1. 10,000 People A Day Turning 62 Now Living Longer Than Expected 2. Lower Savings With Less Preparation 3. Fewer Pensions & Defined Benefits 4. Lowest Return On Investment For Decades 5. 76% Plan To Delay Retirement According To Genworth 6. Less Than 5% Have A LTC Insurance Plan Yet At Least 30% Are Likely To Need It 7. Greater Need For Security & Certainty Than Ever Before Center of Retirement research at Boston College If all baby boomers retire at 62 84% would be in jeopardy of running out of money. At 66 50% would still be likely to run out of money.
4 REVERSE MORTGAGE BASICS Age 62 Or Older FHA Qualified Home Must Live In Home More Than 6 Months A Year. Your Social Security And Medicare Benefits Will Not Change
5 REVERSE MORTGAGE BENEFITS Keep The Title To Your Home Basic Credit & Income Qualifications Tax Free Cash From Equity 45-70% Never A Monthly Payment You Are Responsible For Maintenance, Taxes, And Insurance As Long As You Occupy Your Home
6 REVERSE MORTGAGE BENEFITS DOES NOT Require Repayment Until The Last Living Borrower Permanently Leaves The Home Borrower Chooses To Sell The Property Never Owe More Than Home Value --- FHA Guarantee Able To Purchase Home For (30-50% Of New Residence Sale Price)
7 Reverse Mortgage Safety FHA Guarantees No Repayment Of The Loan Until The Last Borrower Moves Out, Sells Or Passes Away When You Move Out Of Your Home, You Or Your Estate Has Up To 12 Months To Repay The Loan. Reverse Mortgage No Penalty For Early Payment This Loan Is A Non-recourse Loan (If The Balance On The Loan Exceeds The Home Value, HUD/FHA Makes Up The Difference!) Heirs Of Estate Keep Any Excess Proceeds From The Sale Of The Home
8 Introducing A Paradigm Shift A Paradigm Shift Is A Change In One s Perspective Of Thinking The Old Days: The Loan Of Last Resort A Reverse Mortgage Is For People Who Are In Financial Distress. Today: A Financial Planning Tool Reverse Mortgages Are Best Used At Age 62 With Line Of Credit To Guarantee Future Home Equity Value
9 Buckets Of Wealth Monthly Income Stream Nest Egg Liquid Assets Real Estate Social Security Pensions Part-Time W-2 401k IRA Annuities Lump Sum Savings Etc. Retirement Income Home Equity L.O.C. Guaranteed to Increase regardless of market conditions and home value with HECM
10 Silos Of Income Distribution Income Allocation Assets 401k Savings IRA s Liabilities Home Mortgage
11 Coordinated Active Strategy Results Based Off The Journal Of Financial Planning Study A Coordinated Strategy Has 85% Cash Flow Survival Rate With A 6.5% Initial Withdrawal Rate Based Off 32 Year Investment Return The Conventional, Passive Strategy Has 55% Cash Flow Survival Rate With A 6.5% Initial Withdrawal Rate Based Off 32 - Year Investment Return At 6.5% withdrawal rate without a Reverse Mortgage. Cash Flow Survival probability is 35%
12 62 Year Client Passive Strategy Based Off Historical Data From The Standard And Poor s Age 62 $200,000 IRA 6.5% Disbursement Age77 $59, IRA 6.5% Disbursement
13 62 Year Client Coordinated Strategy Coordinated Strategy Age 77 $329, LOC Available $162, IRA Value 6.5% Disbursement Passive Strategy Age77 $59, IRA Value 6.5% Disbursement
14 HECM LIFE Boat This Chart Shows If You Only Invested In The S&P Historical Data For The Last 15 Years With A 6.5% Withdrawal Rate Of $15,600 A Year The Coordinated Strategy Outperformed The Non Coordinated Strategy After 15 Years By $102, Which Is 6.6 Additional Years Of Withdrawals Not Calculating Growth The Available Line Of Credit Started At $200,000, And Ended Being Worth $329, After Taking Draws For Down Years In The Market Projecting A Growth Rate Of 5% And A Loan Rate Of 5% *Yearly losses and gains are consistent with S&P and includes tax benefits from using LOC or interest rate adjustments.
15 Reverse Mortgage Line Of Credit 62 Year Old Client Home Value $600,000 Available LOC $324,399 At Age 76 Home Value $933,562 Available LOC $987,981 Reverse UPB $42,640 At Any Time Your Client Can Withdrawal From The Loc And Reinvest Back Tax Free The intensions of this chart are to educate consumers. Data is based off projections; the line of credit growth rate is based off the10 year SWAP rate and your age. Home price appreciated forecasts and 1 month Libor are based of Moody s Analytics.
16 Using A Reverse Mortgage Real World Applications Running Out Of Money Before You Run Out Of Life Is An Obvious Need -- Don't Overlook It When People Are Planning On Selling When They Don't Want To. But It Is Much Better To Be Able To Use A Reverse In The Following Ways: 1) Replacement Refinance For Standard Forward Mortgage To Make Payments Optional And Allow For Guaranteed Increase In The Credit Line 2) Standby Portfolio Protection-- Use A Reverse Mortgage As A Cash Management Tool In Stock Market Down Times-- Makes Portfolio Last Longer --Will Make All Investments Last Longer While Net Worth Will Not Necessarily Decrease 3) Replaces Need For Cash Reserve Bucket-- Not Taxable Income 4) Ability To Purchase Needed Insurance Or Investment Products Because Of Change In Cash Flow. Insurance Can Multiply The Wealth And Guarantee The Home Equity Or Cash Depending On The Desire Of The Family
17 Using A Reverse Mortgage Real World Applications 5) Purchase A Retirement Home Or A 2nd Home 6) Shield From Medicaid Issues-- Self Insurance Or Ability To Purchase Long Term Care Insurance. 7) Tax Management Tool To Get Deductions When Needed Or Client Wants To Withdraw Less From Iras And Other Taxable Sources. 8) Bridge Medicare Gap From For Early Retirees. 9) Extend The Draw Date For Taking Social Security 10) Hedge Against Future Declines In Home Equity Because Of Guaranteed Increasing Credit Line
18 QUESTIONS Harlan Accola Gary Staples FAIRWAY Independent Mortgage Corporation Corporate NMLS #2289 Gary Staples NMLS#: Harlan Accola NMLS#: Fairway Independent Mortgage Corporation. NMLS# S. Biltmore Lane, Madison, WI 53718, Copyright All rights reserved. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations should apply. Equal Housing Lender
PERFECT STORM STATISTICS
FPA Symposium ABOUT US At Fairway, customer service is a way of life. Fairway is dedicated to finding the best rates for customers and also offers some of the fastest turn times in the industry. The goal
More informationReverse Mortgages Overview
Reverse Mortgages Overview An Overview of Reverse Mortgages In 1987 President Ronald Reagan authorized the Department of Housing and Urban Development (HUD) to create the Home Equity Conversion Mortgage
More informationThe New Tool For Retirement Income Planning. Presented by: Becky Bell, Regional VP, Mortgage Banking
The New Tool For Retirement Income Planning Presented by: Becky Bell, Regional VP, Mortgage Banking Why Consider a Reverse Mortgage? Allows Clients to Take a Dormant Asset (Home Equity) and Put it to Work
More informationReverse Mortgages in Retirement Income Planning
Reverse Mortgages in Retirement Income Planning John Salter, PhD, CFP, AIFA Associate Professor of Personal Financial Planning, Texas Tech University Wealth Manager, Partner, Evensky & Katz/Foldes Financial
More informationHow HECMs Work. Prepared by Genworth. Reverse Mortgages: A Financial Planning Tool
How HECMs Work Prepared by Genworth Reverse Mortgages: A Financial Planning Tool What is a HECM? A Home Equity Conversion Mortgage (HECM) is a FHA-insured non-recourse loan that allows homeowners, age
More informationThe 5 Facts You Need to Know about FHA-insured Reverse Mortgages aka HECMs
The 5 Facts You Need to Know about FHA-insured Reverse Mortgages aka HECMs Paul Pomeroy 503 421 0798 Email: paul.pomero@reversefunding.com 1 A HECM by any other name 99% of Reverse Mortgages are... Home
More informationNationwide Mortgage Licensing System #222955
Nationwide Mortgage Licensing System #222955 Senior Concerns Is your mortgage paid off? Is your Social Security and/or pension sufficient? Rising costs of living: gas, health care, food, utilities, medications,
More informationHow To Get A Reverse Mortgage
Reverse Mortgage Credit Union Mortgage Association 9693-A Main Street Fairfax, VA 22031 Toll Free: (800) 231-8855 Ext. 128 Local: (703) 425-1204 Ext. 128 www.cumortgage.net Summary What is a Reverse Mortgage?
More informationReverse Mortgage Presented by Ian MacGillivray, NMLS #638502 American Capital Corporation, NMLS #264422 Phone: 505-690-1089 Website:
Reverse Mortgage American Capital Corporation, Phone: 505-690-1089 Website: http://mortgagepartners-santafe.com Contents I. What Is a Reverse Mortgage? II. Benefits and Typical Uses III. Is the Home at
More informationHow To Get A Reverse Mortgage
Frequently Asked Questions 1. What is a reverse mortgage? 2. How does a reverse mortgage differ from a home equity loan? 3. What are the advantages of a reverse mortgage? 4. How much money can I get? 5.
More informationManaging Home Equity to Build Wealth By Ray Meadows CPA, CFA, MBA
Managing Home Equity to Build Wealth By Ray Meadows CPA, CFA, MBA About the Author Ray Meadows is the president of Berkeley Investment Advisors, a real estate brokerage and investment advisory firm. He
More informationSenior Concerns. Will you outlive your money?
NMLS #64997 Senior Concerns Is your mortgage paid off? Is your Social Security and/or pension sufficient? Rising costs of living: gas, health care, food, utilities, medications, etc. Fixed income with
More informationSource: Genworth Financial Home Equity Access, Inc. Reverse Mortgage Study- 10/2008 2
REVERSE MORTGAGES 1 Source: Genworth Financial Home Equity Access, Inc. Reverse Mortgage Study- 10/2008 2 Benefits of a Reverse Mortgage Senior will receive money without having to leave their home No
More informationIncreasing the Sustainable Withdrawal Rate using the Standby Reverse Mortgage
Increasing the Sustainable Withdrawal Rate using the Standby Reverse Mortgage John Salter, PhD, CFP, AIFA Associate Professor, Texas Tech University Vice-President, Wealth Manager, Evensky & Katz Wealth
More informationSeniors Reverse Mortgage Fact File and Answers to Frequently Asked Questions
Seniors Reverse Mortgage Fact File and Answers to Frequently Asked Questions A public information service from Access Reverse Mortgage 1-888-340-0305 2014 Access Reverse Mortgage Corp.. All rights reserved.
More information2005 National LTCi Producer Summit
2005 National LTCi Producer Summit As Reverse Mortgage Popularity Soars, How Can You Tap the Growing Market? Adrian Prieto, Key Account Manager Financial Freedom Senior Funding Corp. Financial Freedom
More informationREVERSE MORTGAGE. for purchase. A guide for home buyers
REVERSE MORTGAGE for purchase A guide for home buyers ARE YOU Downsizing or moving into a more suitable home? Having trouble qualifying for traditional financing? Tired of monthly mortgage payments? Your
More informationIs a Reverse Mortgage. the right answer for you or a loved one? Get the facts.
Is a Reverse Mortgage the right answer for you or a loved one? Get the facts. H ome is a special place. Whether it s been in your family for generations or you ve lived there only for a short time, you
More information10/22/2014. Securing Retirement with Home Equity Conversion Mortgages. Retirement Planning Using Home Equity. What is a HECM?
Securing Retirement with Home Equity Conversion Mortgages 2013 Liberty Home Equity Solutions, Inc. All rights reserved For business professional use only. Not intended for distribution to the public..
More information1-800-555-5555. 800-818-2946 www.com
Call our our Senior Senior Helpline Call Helplinetoday: today: 1-800-555-5555 800-818-2946 www.com Advisor: Stuart Hindemit Please consult with your tax advisor. Borrower must continue to pay for property
More informationIs a Reverse Mortgage. the right answer for you or a loved one? Get the facts.
Is a Reverse Mortgage the right answer for you or a loved one? Get the facts. H ome is a special place. Whether it s been in your family for generations or you ve lived there only for a short time, you
More informationReverse Mortgages (HECM) Helping Seniors
Reverse Mortgages (HECM) Helping Seniors What is a Reverse Mortgage? A reverse mortgage is a non-recourse loan that allows homeowners to access a portion of their home equity. (Traditional refinance)
More informationREVERSE MORTGAGE GUIDE
REVERSE MORTGAGE GUIDE Retire comfortably with a Reverse Mortgage CRAIG MINTON - AMERICAN NATIONWIDE MORTGAGE - 757-254-1331 Introduction Hello my name is Craig Minton, Regional Manager and Reverse Mortgage
More informationThe Effective Use of Reverse Mortgages in Retirement
Page 1 of 8 Copyright 2009, Society of Financial Service Professionals All rights reserved. Journal of Financial Service Professionals July 2009 The Effective Use of Reverse Mortgages in Retirement by
More informationAbout Mortgage Market Corp
About Mortgage Market Corp Mortgage Market Corp. works with a variety of lenders and with this being one of the largest financial decision s that you will make, selecting the right mortgage program to
More informationReverse Mortgage Is it right for you?
Reverse Mortgage Is it right for you? Reverse Mortgages are being hyped as a tremendous tool for retirement income. This type of mortgage uses part of the equity in a home as collateral. A Reverse Mortgage,
More informationReverse Mortgage Guide
Reverse Mortgage Guide Reverse Mortgage Answers, LLC Find out why 25 years of experience makes a difference (800) 420-5515 www.rmanswers.com What is a Reverse Mortgage and How does it Work? A Reverse Mortgage
More informationUSA Reverse. Learn the Facts about Reverse Mortgages. Danny Glover - Human Rights Activist
Learn the Facts about Reverse Mortgages Danny Glover - Human Rights Activist Single-purpose Reverse Mortgages Single-purpose reverse mortgages are the least expensive option. They re offered by some state
More informationIs there a role for Reverse Mortgages in financial planning?
Is there a role for Reverse Mortgages in financial planning? John Salter, PhD, CFP, AIFA Associate Professor of Personal Financial Planning, Texas Tech University Vice-President, Wealth Manager, Evensky
More informationEnhance Your Financial Security. With a Home Equity Conversion Mortgage
Enhance Your Financial Security With a Home Equity Conversion Mortgage 1 Call for Additional Information 925-258-0386 1 Unlock Your Home s Equity We understand that you want to transition easily into the
More informationREVERSE MORTGAGES EXPLAINED
REVERSE MORTGAGES EXPLAINED Thank you for considering a reverse mortgage loan. As you may know, a reverse mortgage loan is a very special type of loan that permits borrowers to convert some of the equity
More informationBackground On Reverse Mortgages
Taking A Fresh Look At Reverse Mortgages Webinar Kitces.com Michael E. Kitces MSFS, MTAX, CFP, CLU, ChFC, RHU, REBC, CASL Partner. Director of Research, Pinnacle Advisory Group Publisher. The Kitces Report,
More information2. Line of Credit: Borrowers have the option of setting up a line of credit (a cash account ) and drawing funds whenever they wish.
Reverse Mortgage Prosperity The Power of the Reverse Mortgage By: Andreas Keller Published: 2014 As baby boomers face retirement, television ads are becoming daily reminders that equity in our homes is
More informationReverse Mortgages: Explained
Reverse Mortgages: Explained When To Recommend and When To Be Avoided Presented by Karl Parize Broker # 01364278 History of Reverse Mortgages During the 1970s, several private banks offered Reverse Mortgage
More informationWhat You Should Know About Reverse Mortgages
What You Should Know About Reverse Mortgages The FHA s Program Reverse mortgages are becoming popular in America. HUD's Federal Housing Administration (FHA) created one of the first. The Home Equity Conversion
More informationWelcome. YourHomeYourEquity.com. Integrity Mortgage Group I 2220 Highway 17 I Little River, SC I Phone: (843) 491-1436
Welcome Reverse Mortgage Information presented by, Integrity Mortgage Group David Stacy Director of Reverse Mortgage Lending (843) 491-1436 Office (843) 267-6789 Cell A Brief History of Reverse Mortgages
More information1-800-290-3521 Extension 415 A Connecticut Company. Providing Our Clients With Excellent Opportunities... Outstanding Results
Reverse Mortgage Basics What is a reverse mortgage? The reverse mortgage is a safe and easy way for seniors to turn their home s equity into an additional source of income to meet any financial need. It
More informationhousing information www.housing-information.org Reverse Mortgages A project of Consumer Action
housing information www.housing-information.org Reverse Mortgages A project of Consumer Action One of the major benefits of buying a home is the opportunity to build equity, or ownership, in the property.
More informationA Smart Choice Learn How The New Reverse Mortgage May Fit Into Your Retirement Plan.
A Smart Choice Learn How The New Reverse Mortgage May Fit Into Your Retirement Plan. Retire With Confidence For years you ve planned for your retirement. Along the way, you ve made lots of smart decisions,
More informationStandby Reverse Mortgages: A Risk Management Tool for Retirement Distributions
Standby Reverse Mortgages: A Risk Management Tool for Retirement Distributions John Salter, PhD, CFP, AIFA Associate Professor, Texas Tech University Vice-President, Wealth Manager, Evensky & Katz Wealth
More informationGuide to Reverse Mortgages
Guide to Reverse Mortgages Prepared by Steve Juetten, CFP Juetten Personal Financial Planning, LLC. www.finpath.com 425-373-9393 Disclaimer: the information in this report was prepared from reliable sources;
More informationThe Facts. About Reverse Mortgages. without the hype
The Facts About Reverse Mortgages without the hype A reverse mortgage... Will it help me? Is it a good fit for my needs? Will I own my home? Do I qualify? Am I protected? These may be some of the thoughts
More informationHow To Get A Home Equity Conversion Mortgage
The Facts About Reverse Mortgages without the hype A reverse mortgage... Will it help me? Is it a good fit for my needs? Will I own my home? Do I qualify? Am I protected? These may be some of the thoughts
More informationThe Facts About Reverse Mortgages. without the hype
The Facts About Reverse Mortgages without the hype A reverse mortgage... Will it help me? Is it a good fit for my needs? Will I own my home? Do I qualify? Am I protected? These may be some of the thoughts
More informationUnderstanding Home Equity Conversion Mortgages
Understanding Home Equity Conversion Mortgages Discover how to Unlock the Equity in your Home Stephen Gargano Manager NMLS # 64495 Reverse Mortgage Dept SEFCU MORTGAGE SERVICES 1131 Rte 55, Suite 4 Lagrangeville,
More informationThe Cost and Benefit of Reverse Mortgages
The Cost and Benefit of Reverse Mortgages Han B Kang Illinois State University ABSTRACT There has been a growing popularity of reverse mortgage among senior citizens who need cash. The loan allows homeowners
More informationSPRINGWATER C APITAL
SPRINGWATER C APITAL RETHINK REVERSE increase portfolio longevity with a reverse mortgage LEARN HOW UTILIZING HOME EQUITY CAN BETTER YOUR CLIENT S FINANCIAL POSITION BY: Eliminating monthly mortgage payments
More informationJust the FAQs: Answers to Common Questions About Reverse Mortgages. From the National Reverse Mortgage Lenders Association
Just the FAQs: Answers to Common Questions About Reverse Mortgages From the National Reverse Mortgage Lenders Association Published by THE NATIONAL REVERSE MORTGAGE LENDERS ASSOCIATION The National Reverse
More informationQUEST Financial Communications
Page 1 of 7 Having trouble viewing this email? Click here Volume 10 - Issue 1 November 2013 This Issue: New Options for IRA Investments Significant Tax Free Income Reverse Mortgage Line of Credit for Cash
More informationModule 8: Reverse Mortgages and Other Private Financing Options for Long-Term Care. Posted 5/31/05
Module 8: Reverse Mortgages and Other Private Financing Options for Long-Term Care Posted 5/31/05 Answers to Key Questions What LTC financing options are available other than insurance? What are the differences
More informationJanuary 28, 2015 Kauffman Conference Center
January 28, 2015 Kauffman Conference Center Changing Housing Needs for Older Adults Reverse Mortgages: Opportunities and Challenges Pete Mendenhall, CRMP, CAPS North American Savings Bank Understanding
More informationThere are no asset or income limitations on borrowers receiving HUD's reverse mortgages.
DEPARTMENT OF HUD REVERSE MORTGAGE INFORMATION Homeowners 62 and older who have paid off their mortgages or have only small mortgage balances remaining are eligible to participate in HUD's reverse mortgage
More informationWHAT IS A REVERSE MORTGAGE? HOW DOES IT WORK? REVERSE MORTGAGE PROCESS FREQUENTLY ASKED QUESTIONS WHY ONE REVERSE MORTGAGE MEET A FEW EXPERTS
1... WHAT S INSIDE WHAT IS A REVERSE MORTGAGE? HOW DOES IT WORK? REVERSE MORTGAGE PROCESS PROCESS DETAILS A FAMILY DECISION LOAN OPTIONS FREQUENTLY ASKED QUESTIONS WHY ONE REVERSE MORTGAGE MEET A FEW EXPERTS
More informationWhat You Need to Know Before Considering a. Reverse Mortgage. Fair Housing Legal Support Center & Clinic
What You Need to Know Before Considering a Reverse Mortgage Fair Housing Legal Support Center & Clinic Reverse Mortgage Pros and Cons Pros A reverse mortgage may allow senior homeowners to age in place
More informationReverse Mortgage. Work With a Local Expert
Reverse Mortgage Work With a Local Expert I offer a variety of reverse mortgages (HECM FHA, Jumbo, Purchase and Fixed Rate) designed to eliminate current mortgage payments and give borrowers easier access
More informationTHE FHA REVERSE MORTGAGE PROGRAM:
THE FHA REVERSE MORTGAGE PROGRAM: HELPING TEXAS SENIORS FINANCE RETIREMENT WITH THEIR OWN RESOURCES By: W. Scott Norman NMLS #543236 Sente Reverse Mortgage 901 S. MoPac, Building 4, Suite 125 Austin, Texas
More informationJust the FAQs: Answers to Common Questions About Reverse Mortgages. From the National Reverse Mortgage Lenders Association
Just the FAQs: Answers to Common Questions About Reverse Mortgages From the National Reverse Mortgage Lenders Association THE NATIONAL REVERSE MORTGAGE LENDERS ASSOCIATION The National Reverse Mortgage
More informationinfo sheet Selecting a Reverse Mortgage
info sheet Selecting a Reverse Mortgage Many older people are house-rich and cash-poor. They own a home, free and clear, that may be worth hundreds of thousands of dollars. Yet they have little income
More informationEvaluating the HECM product
Evaluating the HECM product March 26, 2015 Presented by Garrett M. Kolb gkolb@rmsnav.com Senior Managing Director Reverse Mortgage Solutions, Inc. For Mortgage Professionals Only These materials are designed
More informationReverse Mortgage Education
Reverse Mortgage Education Preface As people are continually living longer, they must plan financially to make sure their money outlives them, instead of outliving their money. As pension plans get cut
More informationEnhance Your Financial Security. With a Home Equity Conversion Mortgage
Enhance Your Financial Security With a Home Equity Conversion Mortgage 1 Call for Additional Information 888.732.1005 1 Unlock Your Home s Equity We understand that you want to transition easily into the
More informationCounseling Kit Overview
Counseling Kit Overview For More Information: Contact your Reverse Mortgage Advisor This Counseling Kit has been assembled to assist you in preparing for your required HUD counseling session. The Counseling
More informationIs A Reverse Mortgage Right for You?
Is A Reverse Mortgage Right for You? NewRetirement s Guide to Reverse Mortgages www.newretirement.com (877) 394-1305 Table of Contents What is a Reverse Mortgage? Are You Eligible For a Reverse Mortgage?
More informationHELPING YOUR CLIENTS USE THEIR HOME TO STAY AT HOME REVERSE MORTGAGES AND ESTATE PLANNING
HELPING YOUR CLIENTS USE THEIR HOME TO STAY AT HOME REVERSE MORTGAGES AND ESTATE PLANNING Presented By Doni Dolfinger Reverse Mortgage Specialist UNDERSTANDING REVERSE MORTGAGES Your client s home is many
More informationLHFS Wholesale. Understanding the HECM LIBOR Product Training. Great Rates. Great Programs. Great Service.
LHFS Wholesale Understanding the HECM LIBOR Product Training Great Rates. Great Programs. Great Service. Objective You will know what the HECM LIBOR product is, benefits, and disadvantages. You will also
More informationYour Reverse Mortgage Guide. Reaping The Rewards Of A Lifetime Investment In Homeownership
Your Reverse Mortgage Guide Reaping The Rewards Of A Lifetime Investment In Homeownership Contents Make The Most Of Retirement!...3 Program Overview...3 4 What Is A Reverse Mortgage? Why Get A Reverse
More informationJust the FAQs: Answers to Common Questions About Reverse Mortgages. From the National Reverse Mortgage Lenders Association
Just the FAQs: Answers to Common Questions About Reverse Mortgages From the National Reverse Mortgage Lenders Association Published by THE NATIONAL REVERSE MORTGAGE LENDERS ASSOCIATION The National Reverse
More informationSection D. Reverse Mortgage Loan Features and Costs Overview
Section D. Reverse Mortgage Loan Features and Costs Overview Contents This section contains the following topics: Topic See Page 1. Types of Reverse Mortgage Products 5-D-2 2. Reverse Mortgage Loan Limits
More informationRetirement Policy & Research Centre Symposium Spending the Savings: Decumulation & Middle-income Retirement 30 Nov 2012
Retirement Policy & Research Centre Symposium Spending the Savings: Decumulation & Middle-income Retirement 30 Nov 2012 The Future of Home Equity Release Products The Role of Property as a Decumulation
More informationMaggie O'Connell Reverse Mortgage Store 800-489-0986
The Essentials: Reverse Mortgages For many homeowners age 62 and over, a reverse mortgage could be an important tool for financial flexibility. It can provide a way to access part of your home equity to
More informationA GUIDE TO. reverse mortgages. Live the retirement you dreamed
A GUIDE TO reverse mortgages Live the retirement you dreamed Guide Content 14What Is A Reverse Mortgage? 24How Do I Qualify? 34 What Can A Reverse Mortgage Be Used For? 44How Much Money Could I Qualify
More informationchecklist for 2012 INSIDE this issue THE REVERSE review march 2012 The truth about reverse mortgages and how they can help Secure retirement
the reverse review the reverse review NAVIGATING CHANGES FROM CORDRAY S CAMP PG. 17 THE INDUSTRY WITHOUT WELLS fargo AND Bank of america PG. 28 + GREGG SMITH SITS DOWN IN OUR HOT SEAT! Building your checklist
More informationREVERSE MORTGAGE FOR HOME PURCHASE
Great Florida Lending Jose F. Lopez Lic. Loan Originator T. 305-310-7804 jlopez@greatfloridalending.com www.greatfloridalending.com REVERSE MORTGAGE FOR HOME PURCHASE New Business Building Opportunities
More informationReverse Mortgage Counseling Checklist
Reverse Mortgage Counseling Checklist Have these items available for your counseling session... - Loan Comparison Page The calculator loan results is an estimate of available reverse mortgage programs
More informationHome Equity Conversion Mortgage Basics
Home Equity Conversion Mortgage Basics Kelly Zitlow NMLS#164330 Vice President, CMPS 480.398.4908 kzitlow@ccmclending.com www.kellyzitlow.com Cherry Creek Mortgage Co., Inc. NMLS#3001 AZ BK#0904024 17015
More informationJust the FAQs: Answers to Common Questions About Reverse Mortgages. From the National Reverse Mortgage Lenders Association
Just the FAQs: Answers to Common Questions About Reverse Mortgages From the National Reverse Mortgage Lenders Association THE NATIONAL REVERSE MORTGAGE LENDERS ASSOCIATION The National Reverse Mortgage
More informationDelay Social Security: Funding the Income Gap with a Reverse Mortgage
Thomas C. B. Davison, MA, PhD, CFP NAPFA Registered Financial Advisor Partner Emeritus, Summit Financial Strategies, Inc. toolsforretirementplanning.com tcbdavison@gmail.com Update: June 22, 2014 slightly
More informationReverse Mortgage Information Guide
Reverse Mortgage Information Guide Table of Contents FHA Reverse Mortgages 3 Common Misconceptions about Reverse Mortgages 4 How the Program Works 4 Benefits of a HECM loan 4 HECM vs. Traditional Mortgage
More informationFinancial Planning White Paper. Trust Deed Investing. An Alternative Approach for Today s Complex Investing Environment
Financial Planning White Paper Trust Deed Investing An Alternative Approach for Today s Complex Investing Environment Table of Contents Introduction...... 3 The Time is Now for Alternative Investing......
More informationJust the FAQs: Answers to Common Questions About Reverse Mortgages. From the National Reverse Mortgage Lenders Association
Just the FAQs: Answers to Common Questions About Reverse Mortgages From the National Reverse Mortgage Lenders Association Just the FAQs: Answers to Common Questions About Reverse Mortgages From the National
More informationHouse Rich and Cash Poor: Ways to Unlock Your Home s Value
House Rich and Cash Poor: Ways to Unlock Your Home s Value Avenidas Housing Conference, March 10, 2012 Barbara Krimsky Binder, CFP, BKB Financial Advisors Does This Describe Your Situation? - You bought
More informationHiggins Capital Management, Inc.
Higgins Capital Management, Inc. Deborah M. Higgins President and Founder 2223 Avenida de la Playa Suite 210 La Jolla, CA 92037 800-716-6510 858-459-7451 debbie@higginscapital.com www.higginscapital.com
More informationTHE NATIONAL REVERSE MORTGAGE LENDERS ASSOCIATION
THE NATIONAL REVERSE MORTGAGE LENDERS ASSOCIATION The National Reverse Mortgage Lenders Association is a nonprofit trade association, based in Washington, DC, whose mission is to support the continued
More informationA Guide To Reverse Mortgages
A Guide To Reverse Mortgages What is a Reverse Mortgage? A Home Equity Conversion Mortgage (HECM) is a program designed for seniors that is ensured by the Federal Housing Authority (FHA). The program was
More informationTable of Contents Reverse Mortgage O verview... Reverse Mortgage K ey Questions... 5 Reverse Mortgage Pros and Cons... 7 Reverse Mortgage Borr
1 Table of Contents Reverse Mortgage Overview... Reverse Mortgage Key Questions... Reverse Mortgage Pros and Cons... Reverse Mortgage Borrower Qualification... Reverse Mortgage Key Items... Reverse Mortgage
More informationUnderstanding Home Equity Conversion Mortgages
Understanding Home Equity Conversion Mortgages Discover how to Unlock the Equity in your Home Reverse Lending Experts What Are Your Financial Goals? Are you on track to meet your retirement needs and satisfy
More informationReverse Mortgage Nightmares Should Never Happen Top 10 Misconceptions About Reverse Mortgages 14
Reverse Mortgage Nightmares Should Never Happen Top 10 Misconceptions About Reverse Mortgages 14 Searching online for information about reverse mortgages, I came across article after article about how
More informationReverse Mortgage Counseling 101
THE ESSENTIALS REVERSE MORTGAGES The MetLife Mature Market Institute Celebrating its 15-year anniversary in 2012, the MetLife Mature Market Institute is Metropolitan Life Insurance Company s (MetLife)
More informationExplain vital application doc calculations, including: Amortization Schedule TALC TIL (Fixed Rate)
Illustrate how reverse mortgage interest rates are calculated. Explain vital application doc calculations, including: Amortization Schedule TALC TIL (Fixed Rate) Describe reverse mortgage loan growth Loan
More informationReverse Mortgages Help Clients & Increase Referrals
Reverse Mortgages Help Clients & Increase Referrals Alain Valles, President Certified Senior Advisor, CRMP, MBA Direct Finance Corp. av@dfcmortgtage.com 781-878-5626 My goal today is to: 1. Highlight the
More informationLegal Network News CALIFORNIA ADVOCATES FOR NURSING HOME REFORM
Legal Network News CALIFORNIA ADVOCATES FOR NURSING HOME REFORM The Reverse Mortgage Trap by Tim Millar, CFP Reverse mortgages have been getting a lot of attention as the number of baby boomers reaching
More informationReverse Mortgage Facts & Answers to Frequently Asked Questions
Reverse Mortgage Facts & Answers to Frequently Asked Questions Access Reverse Mortgage Corporation 1-888-340-0305 Toll-Free 2999 Tyrone Blvd N St. Petersburg, FL 33710 www.accessreversemortgage.com NMLS
More informationConverting Home Equity into Income: A Reverse Mortgage Review
Converting Home Equity into Income: A Reverse Mortgage Review Are you interested in the possibility of converting equity in your home into cash without having to move or assume debt that has to be currently
More informationWELCOME. To the Wonderful World Of Reverse Mortgages
WELCOME To the Wonderful World Of Reverse Mortgages Reverse Mortgage Loans Borrowing Against Your Home Basic Questions: 1. Do you really need a reverse mortgage? -- Why are you interested in these loans?
More informationTable of Contents. Enjoy your retirement years 1. Loan App: Checklist 7
Table of Contents Enjoy your retirement years 1 Program Overview Why get a HECM? 1 HECM vs. Traditional Mortgages 1 HECM Benefits 1 Loan App: Checklist 7 Contact Information 8 Q and A 2 HECM SAVER Overview
More informationReverse Mortgage. Fast Facts Information to help you understand how a reverse mortgage may help you improve your quality of life.
Reverse Mortgage Fast Facts Information to help you understand how a reverse mortgage may help you improve your quality of life. how can a reverse mortgage Help me? improve your quality of life with A
More informationReverse. Mortgage. Presentation
Reverse Mortgage Presentation Copyright 2004, 2005, 2006 by National Reverse Mortgage Education Center All rights reserved Overview Enables homeowners age 62 and older to turn a portion of their home s
More informationU.S. Government Guaranteed HECM Reverse Mortgage Information Guide
To learn more please call our Reverse Mortgage Department at 302-283-4687 or toll free at 1-888-WSFSBANK (1-888-973-7226), or visit www.wsfsbank.com/reversemortgages. U.S. Government Guaranteed HECM Reverse
More informationGreat Rates. Great Programs. Great Service.
Presented by: Colleen Moore, CRMP National Reverse Mortgage Director Great Rates. Great Programs. Great Service. What Is A Reverse Mortgage (HECM)? HOME EQUITY CONVERSION MORTGAGE is a mortgage secured
More information