Jeff Beckman
Category
General Information
Locality: Sacramento, California
Phone: +1 916-716-8726
Address: 1143 N. Market Blvd. 95834 Sacramento, CA, US
Website: www.fusionhomeloans.com
Likes: 89
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While many investment portfolios have taken a big hit over the last few weeks, one asset that has performed very well over that same time is the value of your home. You can use some of that equity to take a little pressure off your investments in times like these. If you would like to learn how to access some of your home equity (without having to make a mortgage payment) click on this link to view my webinar: https://events.genndi.com//819005285141058/663438a0ac/now/
Understanding how your retirement funds will convert to monthly income in the future is a great place to start evaluating your savings. If you end up with a gap between what you have and what you desire, you may be able to use some of the equity in your home to close or eliminate that gap. Give me a call to learn more.
This article by Robert Pagliarini is a great example of the damage that can be caused by a market downturn early in your retirement. A reverse mortgage may be the best tool you can use to mitigate that market risk. Call me to learn more!
Saving early will help make your retirement years more enjoyable.
The Department of Housing and Urban Development announced that the loan limit for FHA insured reverse mortgages (HECM) will increase to $765,600 in 2020. This is the fourth consecutive year that FHA has increased the maximum loan size for a reverse mortgage.
Reverse Mortgage Myth #4 - I could wind up owing more than my house is worth with a reverse mortgage, and leave my heirs with debt. Incorrect! A HECM (Home Equity Conversion Mortgage) reverse mortgage is insured by the Federal Housing Administration. This insurance feature guarantees that you will never owe more than the value of your home when the loan becomes due. No debt will be left to your heirs. And if the loan balance is less than the market value of the home, the additional equity is retained by the homeowner/heirs (if the home is sold).
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