Toggle Navigation
203k - Buy/Rehab
203k Loan Scenario
203k Loan Free Guide
203k Streamline Video
203k Class Flyer
Home
About Me
Privacy Policy
Contact Me
Tips & Tools
Calculators
Mortgage Saving Tips
Free Reports Menu
Loan Process No-No's
Fixed Vs. Adjustable
Home Loan Tips
When to Refinance
Eliminating PMI
Free Home Valuator
Links and Services
Mortgage Broker vs. Mortgage Banker
Loan Process
Getting Qualified
Your Down Payment
Debt-to-Income Ratios
What is a credit score?
Your FICO score
Rate Lock Periods
Closing Costs
Loan App Checklist
Apply Now
Loan Types
Preapproval Help
FHA and VA loans
Conforming Loan
203K
No Cost California Refi
No PMI Loan
Refinancing Options
MLS Home Search
Reverse Mortgages
Reverse Mortgage Refi Calculator
Reverse Mortgage News
HECM Reverse Mortgage Purchase Slideshow
HECM Line of Credit Growth Rate Explained
Reverse Mortgage Purchase
How To Qualify For A Reverse Mortgage
25 FAQ's For Reverse Purchase Mortgages
California Reverse Mortgage News
Standby HECM Reverse Mortgage Line of Credit Is Becoming A Key Retirement Tool
The
HECM Reverse Mortgage Line of Credit
is fast becoming a key retirement tool for baby boomers.
Word is getting out that
Reverse Mortgage Line of Credit
growth rate allows the amount of unused available credit to grow over time, which means more accessible tax free money when the senior needs it.
The idea is to take out the
Reverse Mortgage Line of Credit
as a reserve, where you don't use it right away. It's a set it and forget it mentality. As it sits there idle, the line of credit of unused funds grows over time. It can grow to double or triple its size and when you withdraw the funds it's tax free.
A bank home equity line of credit does not have this capability.
The bank can also close your line of credit in a down real estate market without your consent. Not so, with the HECM Reverse Mortgage Line of Credit, it can't be closed for home value reasons.
Can the
Reverse Mortgage Line of Credit
grow to the point where it exceeds the value of the home? Yes it can. So what happens if the property needs to be sold and the property value is under water? The M.I.P., mortgage insurance premium that comes with the loan pays off the difference. It's like gap insurance and heirs can rest easy that aren't responsible for the balance.
You owe it to yourself to check out the
HECM Reverse Mortgage Line of Credit
and it's growth rate feature and see why it's fast becoming a financial planning tool for our Baby Boomer generation.
Click here
to watch a video on the HECM Reverse Mortgage Line of Credit growth rate.
Best,
Kevin Walton
Best Capital Funding
Certified Mortgage Advisor
Posted in:
California HECM Line of Credit
and tagged:
California HECM Line of Credit
Reverse Mortgage Line of Credit vs. HELOC
Reverse Mortgage Line of Credit
Reverse Mortgage Line of Credit Growth Rate
Posted by Kevin Walton on September 28th, 2015 11:12 AM
Leave a Comment
Subscribe to this blog
A California Reverse Mortgage Can Serve As A Safety Net Against Market Swings.
Sept. 4 2015
The Wall Street Journal wrote that with big swing stock market fluctuations, that in a down market a HECM Reverse Mortgage Line of Credit may help hedge against losses.
The idea is to take out a HECM line of credit, take advances on it only as needed to avoid having to liquidate a stock fund, for monthly income, when in a down stock market.
It's also important to note that a HECM Reverse Mortgage Line of Credit has a growth rate attached to it, that allows the unused portion of the line of credit to grow for the senior to use in the future!
It's possible for a $100,000 available line of credit to grow to $300,000 over time, all being tax free money to the senior citizen to spend at their discretion.
To read the entire article
click here
.
Best,
Kevin Walton
Best Capital Funding
Certified Mortgage Advisor & Reverse Mortgage Specialist
800-506-0632 ext.0
Posted in:
California HECM Line of Credit
and tagged:
California HECM Line of Credit
Posted by Kevin Walton on September 4th, 2015 1:39 PM
Leave a Comment
Subscribe to this blog
Recent Posts:
A Gray Divorce And Reverse Mortgage In California| An Attorney Point Of View
The Reverse Mortgage Tax Deduction For Heirs That No One Is Talking About
Gray Divorce: An Option On How To Afford A Senior Couple's Divorce
Aging Tsunami Ready To Hit. Here's An Option On How To Help Seniors Age In Place
Financial Advisors Top 5 Reasons Why They're Favoring The Reverse Mortgage
Standby Reverse Mortgage Line Of Credit A Must Have For Retirement, Here's Why.
New Investment Fund Puts Money In Companies Selling Products That Help Seniors Stay In Their Homes
AARP Is Warming Up To The Reverse Mortgage
Standby HECM Reverse Mortgage Line of Credit Is Becoming A Key Retirement Tool
Rising Interest Rates Can Negatively Affect Reverse Mortgages, So Act Now!
Archives:
September 2015
Financial Planners Starting To Recommend Reverse Mortgages
Baby Boomers And Their Retirement Mortgage Payment Woes, Can Reverse Mortgages Help Them?
A HECM Reverse Mortgage Line of Credit Is Better Than A HELOC
A California Reverse Mortgage Can Serve As A Safety Net Against Market Swings.
September 2015 (4)
Categories:
AARP (1)
Baby Boomers (1)
Baby Boomers and Reverse Mortgages, Growth Rate (1)
California HECM Line of Credit (2)
Financial Advisors and the Reverse Mortgage (1)
Gray Divorce (1)
Reverse Mortgage (4)
Reverse Mortgage Line of Credit Benefits (1)
reverse mortgage tax deduction (1)
Senior Divorce (1)
My Favorite Blogs:
Sites That Link to This Blog:
×
Close
Add a new blog comment
*
Name:
*
Email Address:
URL:
*
Comment:
Characters from the image above:
Your entry does not match the image, please try again.
Submit Comment
×
Close
Subscribe To My Blog
*
Name:
*
Email Address:
Address:
City:
State:
Zip:
*
Characters from the image above:
Your entry does not match the image, please try again.
Subscribe