What Are Important Benefits for Homeowners to Be Aware Of?
Everyone can picture the benefits of having more cash flow in retirement—vacations, spending more time with the grandkids, treating yourself in everyday life—but there are other benefits that you might not be aware of.
“Rightsizing” Your Home and Neighborhood
You can purchase a new home using a reverse mortgage loan. This offers a tremendous boost in purchasing power without obligatory monthly mortgage payments. If you wanted to upsize, downsize, move to a more expensive area, or anything in between, this could be right for you.
Make Retirement Investments Go Further
With a reverse mortgage loan, you can secure your cash flow throughout retirement and change the way your finances work. If you turn a portion of your home equity into cash, you can avoid drawing from your investments when the markets are down, and do so when they’re back up.
Utilize Some Major Tax Advantages*
Because the proceeds from a reverse mortgage are considered a loan—not income—they are off limits to the IRS.* Strategic use of these proceeds offers a host of potential tax advantages, including withdrawing from your IRA in the lowest possible tax bracket percentage.*
What About Your Specific Situation?
Our loan officers can explain the most beneficial option for your unique needs.
Our Video Series for Homeowners
Learn what you need to know about reverse mortgages.
What is a “Reverse” Mortgage Loan, or HECM?
Reverse Mortgage Loan Basics
The Three Buckets versus the “Holy Grail” of Home Equity
Reverse Mortgage Loan Myths and Misunderstandings
What a Reverse Mortgage Is
What a Reverse Mortgage Is Not
How Much Money Can I Get from my Home?
Do I Want a Reverse Mortgage Loan? Things to Think About…
Home Equity Conversion Mortgage Loan (HECM) Line of Credit
Buying a New Home with A Reverse Mortgage (HECM) for Purchase
Why Get a Reverse Mortgage from Fairway Independent Mortgage?
Curious About What You May Qualify For?
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*The information in this advertisement does not constitute financial planning advice. Please consult a financial planner regarding purchasing an annuity and your specific retirement plan.