No mortgage payments and the cash you need to enjoy the best years of your
Get the guidance you need!
No mortgage payments and the cash you need to enjoy the best years of your
Get the guidance you need!
Get the guidance you need!
Get the guidance you need!
Reverse mortgages can be used to refinance or as a purchase loan. Imagine never having to make another mortgage payment for the rest of your life!
Many seniors approach their retirement years with not enough money saved in their 401K/IRA or retirement accounts. Using a reverse mortgage allows you to use the money you would use for your mortgage payment to invest. For example, If you have $500,000.00 in your account and plan on retiring in 10 years (based on a 6% ROI) your retirement account will be worth $899,926.00. However, if you invest the $3,000.00 per month that you are currently paying on your mortgage, then your retirement account balance will be worth $1,398,197.00. Calculations based on https://www.dinkytown.net/java/future-value-calculator.html
Use the line of credit payment to supplement your income or pay for long term health care. The FHA line of credit will increase increase each year, regardless of housing market conditions.
FHA and Homesafe reverse mortgages give you more choices than ever.
My name is Robert Rabano, and for the past 34 years, I've helped thousands of clients improve their financial situation. Today's reverse mortgage option is perfect for seniors who want to use it as part of their financial planning.
Let me help you use your home's increased equity to enhance your lifestyle.
There's a misconception that a reverse mortgage is the loan of last resort. Unfortunately, many retirees outlive their retirement accounts. They withdraw from their accounts when the stock markets are down. This accelerates the depletion of the account. Let me show you how a reverse mortgage can give you additional years of additional retirement income. Drawing against the reverse line of credit when the markets are down, preserves your principal and extends the your retirement account. Then you can choose to distribute funds from your 401K/IRA/retirement accounts when the market rebounds.
Robert Rabano
NMLS# 420527
DRE #01434210
California Financial
714-906-8825
Monday - Friday: 9am - 5pm
Saturday: By appointment
Sunday: Closed
California Financial and Real Estate Center
16531 Bolsa Chica Street, Ste. 300, Huntington Beach, California 92649, United States
Copyright © 2022 California Financial and Real Estate Center - All Rights Reserved.
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