Today's affluent Baby Boomer retiree will end up paying hundreds of thousands of dollars throughout their retirement life in unnecessary fees, expenses, taxes and penalties. This happens because most retirees don't have a comprehensive, integrated retirement income plan that uses at all of their available retirement income planning tools in an efficient manner.
Optimal Mortgage, LLC is a premier reverse mortgage company located in Broomfield, CO that uses the math and science of a coordinated retirement income plan to help affluent baby boomers optimize their home's equity throughout their retirement lives. Integrated: adjective-combining or coordinating separate elements so as to provide a harmonious, interrelated whole.
There are two types of individuals that will obtain reverse mortgages, those that will use a strategic reverse mortgage as part of a comprehensive, integrated, retirement income plan that saves them hundreds of thousands of dollars throughout retirement, and those that do not.
Optimal Mortgage, LLC is a premier reverse mortgage company located in Broomfield, CO that uses the math and science of a coordinated retirement income plan to help affluent baby boomers optimize their home's equity throughout their retirement lives. Integrated: adjective-combining or coordinating separate elements so as to provide a harmonious, interrelated whole.
There are two types of individuals that will obtain reverse mortgages, those that will use a strategic reverse mortgage as part of a comprehensive, integrated, retirement income plan that saves them hundreds of thousands of dollars throughout retirement, and those that do not.
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Aren't all reverse mortgages the same?
Does it really matter from where and from whom you get your reverse mortgage from?
It's true that most reverse mortgages issued today are the FHA insured Home Equity Conversion Mortgage (HECM) version that follow the rules outlined by the United States Department of Housing and Urban Development (HUD), and they did receive significant improvements after the 2008 housing crisis, but all reverse mortgages are not created equal, and not all lenders or brokers offer the same rates and costs.
Does it really matter from where and from whom you get your reverse mortgage from?
It's true that most reverse mortgages issued today are the FHA insured Home Equity Conversion Mortgage (HECM) version that follow the rules outlined by the United States Department of Housing and Urban Development (HUD), and they did receive significant improvements after the 2008 housing crisis, but all reverse mortgages are not created equal, and not all lenders or brokers offer the same rates and costs.
The Home Equity Conversion Mortgage (HECM) for Purchase allows seniors at least 62 years of age to purchase a home through a reverse mortgage.
This can be a valuable option for seniors who need a new home that better meets their physical needs, or who wish to move closer to family members.
Since this is a reverse mortgage product, monthly payments are not made on the new house.
Unlike the traditional reverse mortgage, HECM for purchase loans require a down payment, which you must pay with your own cash.
This can be a valuable option for seniors who need a new home that better meets their physical needs, or who wish to move closer to family members.
Since this is a reverse mortgage product, monthly payments are not made on the new house.
Unlike the traditional reverse mortgage, HECM for purchase loans require a down payment, which you must pay with your own cash.
What is a reverse mortgage and what benefits can it provide for affluent baby boomers?
A Reverse mortgage is a federally insured loan that allows eligible home owners over the age of 62 the ability to convert a portion of their equity into tax free lump sum cash disbursement, line of credit, or monthly payout.
A properly structured reverse mortgage can save affluent baby boomers hundreds of thousands of dollars throughout retirement by reducing the unnecessary fees, expenses, taxes and penalties that most affluent baby boomers will be exposed to throughout retirement.
A Reverse mortgage is a federally insured loan that allows eligible home owners over the age of 62 the ability to convert a portion of their equity into tax free lump sum cash disbursement, line of credit, or monthly payout.
A properly structured reverse mortgage can save affluent baby boomers hundreds of thousands of dollars throughout retirement by reducing the unnecessary fees, expenses, taxes and penalties that most affluent baby boomers will be exposed to throughout retirement.
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