TRUST • CONVENIENCE • SOLUTIONS
TRUST • CONVENIENCE • SOLUTIONS
You must be 62 years of age or older to qualify for the HECM.
No more mortgage payments for the rest of your life in that residence
You must be 62 years of age or older to qualify for the HECM.
No more mortgage payments for the rest of your life in that residence
This is where a common misconception of reverse mortgages comes from. Your property passes to heirs with no debt obligations on it.
Through the power of the HECM, YES you CAN get the home of your dreams and have no mortgage! See an example below.
This is where a common misconception of reverse mortgages comes from. Your property passes to heirs with no debt obligations on it.
Through the power of the HECM, YES you CAN get the home of your dreams and have no mortgage! See an example below.
As part of the HECM program, counseling with a third party HECM specialist is a requirement that must be completed to qualify.
As part of the HECM program, counseling with a third party HECM specialist is a requirement that must be completed to qualify.
Their original family home.
Here is an example of how a couple (we'll call them Cindy and Bob) used the HECM program to buy a new single-story home and have no mortgage payment.
Their new single story home
Cindy and Bob sell their original residence for $650,000.
On advisement from their reverse mortgage team at YES You Can, Bob and Cindy are able to purchase a $700,000 home. With a HECM, $461,300 down allows them to not utilize all of their cash.
Finding their dream home in a gated community, they now have NO mortgage, and can save and invest $188,700
Bob and Cindy understand they will still have HOA dues, Mello Roos and Property Taxes to pay of $1,160 a month
Bob and Cindy have eliminated worries of carrying a mortgage any longer. They have expendable investments now that ensure they can vacation, spend time with family, and live their best lives!
Above figures are based on ages 62-69, and fees are not included as they can vary.
We understand the perceptions of reverse mortgages you may have come across. We are happy to answer any questions and show you why we believe a HECM to be a strong option in today's market environment as a tool that can improve your life.
We partner with financial institutions to help spread understanding and confidence in how the program's design can actually improve your wealth position. Let's get together and see if we can help you.
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TRUST • CONVENIENCE • SOLUTIONS
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