Retirement Planning
Let us help you achieve financial security and flexibility.
Realtors & Builders
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Florida’s real estate market appeals strongly to Baby Boomers, with over half of buyers aged 55+. Nationally, 11,000 Americans turn 62 daily, and demand is rising for properties catering to senior lifestyles. The Home Equity Conversion Mortgage (HECM) for Purchase offers a way for buyers 62+ to acquire a home with as little as 40% down and no monthly payments. This FHA-insured, age-based mortgage program ensures no repayment beyond the home’s value, providing a secure financial path to primary residences or FHA-approved condos.
For more details, contact us about this valuable opportunity to boost sales and client satisfaction.
Florida’s real estate market appeals strongly to Baby Boomers, with over half of buyers aged 55+. Nationally, 11,000 Americans turn 62 daily, and demand is rising for properties catering to senior lifestyles. The Home Equity Conversion Mortgage (HECM) for Purchase offers a way for buyers 62+ to acquire a home with as little as 40% down and no monthly payments. This FHA-insured, age-based mortgage program ensures no repayment beyond the home’s value, providing a secure financial path to primary residences or FHA-approved condos.
For more details, contact us about this valuable opportunity to boost sales and client satisfaction.
Boomers & Seniors
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Some financial planners and economists say that retirement planning is one of the most difficult things to get right. When Boomers and Seniors were asked what concerned them most about retirement almost unanimously they responded “fear of outliving their savings”. Retirement should be a time to reap the rewards of a long life of hard work. But all too often concerns over dwindling savings, rising costs, and unexpected expenses put a damper on or end realizing ones retirement dreams. There is an answer. It’s a Home Equity Conversion Mortgage (HECM).
What’s a HECM?
It’s a Federally Insured (FHA) Loan enacted by Congress in 1988 to allow individuals 62 and older to use their housing wealth to have a successful retirement:
What can a HECM be used for?
How Much Can You Receive?
The amount you receive is based on:
How Proceeds Can Be Received?
When Does the Loan Get Repaid?
The Loan is due and payable when the last surviving borrower permanently leaves the home or does not comply with other obligations of the loan such as remaining current with the payment of Real Estate Taxes, HOA/Condo Fees, and Homeowner’s Insurance or fails to maintain the property.
At that time, whatever proceeds were advanced to borrower plus accrued interest and any other fees are due and payable.
100% of the remaining equity from the sale of the home is passed on to the borrower, their heirs or their estate
Contact us to get the full story and see how a Home Equity Conversion Mortgage can make a real difference in your life.
Some financial planners and economists say that retirement planning is one of the most difficult things to get right. When Boomers and Seniors were asked what concerned them most about retirement almost unanimously they responded “fear of outliving their savings”. Retirement should be a time to reap the rewards of a long life of hard work. But all too often concerns over dwindling savings, rising costs, and unexpected expenses put a damper on or end realizing ones retirement dreams. There is an answer. It’s a Home Equity Conversion Mortgage (HECM).
What’s a HECM?
It’s a Federally Insured (FHA) Loan enacted by Congress in 1988 to allow individuals 62 and older to use their housing wealth to have a successful retirement:
- Without having to make any Monthly Loan Payments
- Without giving up Ownership or Title to the home
- Without having to Repay More than the home is worth
What can a HECM be used for?
- Eliminate Monthly Payments (Pay off existing mortgage or other debts)
- Source of Tax-free Cash to supplement other Retirement Income
- Standby Line of Credit (Tax-free cash for future needs or emergencies)
- Pay long-term Care Insurance Premiums
- Purchase a new home with as little as 40% down
- For Travel or to just have fun in Retirement – Do all those things that make life worth living.
How Much Can You Receive?
The amount you receive is based on:
- The Age of the youngest borrower
- The Value of the property (up to a maximum of $625,500)
- The Interest Rate associated with the program
How Proceeds Can Be Received?
- Lump Sum
- Line of Credit
- Monthly Tenure Payments (life of the loan)
- Monthly Term Payments (limited and adjustable)
- Combination of the above
When Does the Loan Get Repaid?
The Loan is due and payable when the last surviving borrower permanently leaves the home or does not comply with other obligations of the loan such as remaining current with the payment of Real Estate Taxes, HOA/Condo Fees, and Homeowner’s Insurance or fails to maintain the property.
At that time, whatever proceeds were advanced to borrower plus accrued interest and any other fees are due and payable.
100% of the remaining equity from the sale of the home is passed on to the borrower, their heirs or their estate
Contact us to get the full story and see how a Home Equity Conversion Mortgage can make a real difference in your life.
Professional Advisors
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Financial planners, elder attorneys, and accountants often seek solutions to ease their clients' fears about outliving their savings. Even mass-affluent Boomers worry about sustaining their lifestyle, accessing liquid funds without tax penalties, and leaving assets for heirs. Recently, retirement planning experts have increasingly recognized the FHA-insured Home Equity Conversion Mortgage (HECM) as a viable solution. Tapping into $4.13 trillion in home equity, HECM offers tax-free cash payments, a lump sum, or a growing line of credit, preserving other assets under management and supporting retirement income stability.
Financial planners, elder attorneys, and accountants often seek solutions to ease their clients' fears about outliving their savings. Even mass-affluent Boomers worry about sustaining their lifestyle, accessing liquid funds without tax penalties, and leaving assets for heirs. Recently, retirement planning experts have increasingly recognized the FHA-insured Home Equity Conversion Mortgage (HECM) as a viable solution. Tapping into $4.13 trillion in home equity, HECM offers tax-free cash payments, a lump sum, or a growing line of credit, preserving other assets under management and supporting retirement income stability.
- Coordinated strategy of HECM and portfolio withdrawals to minimize sequence of returns risk
- Payoff mortgages or other debt to eliminate monthly payments
- Funding Long-term Care Insurance Premiums
- Cash-flow neutral means of splitting up the housing asset in “Gray Divorce” situations
- Postpone taking Social Security until age 70 to maximize benefits
- Fund tax obligations incurred by 401k / IRA Rollovers into Roth IRAs
- Establish a growing standby line of credit for unforeseen expenses or emergencies
- Purchasing a new home with as little as 40% down
- Provide a last resort “safety net” for those retirees who have exhausted other financial resources.
Contact us to get the full details on how the Home Equity Conversion Mortgage can be an important tool in your client’s financial future.
