The New Reverse Mortgage: A True Retirement Tool for Your Clients

No longer “a loan of last resort”, the new reverse mortgage can be used to purchase or refinance a home for a safer retirement with greater cash flow.

Join us for a workshop to learn about potential benefits to your clients, including better cash flow, lower taxes and increase in net worth.

1 Hour CFP CE Optional for $5.00 – which will be donated to the

American Warrior Initiative

Lunch will be provided. Please preregister at Eventbrite

https://www.eventbrite.com/e/fairway-mortgages-reverse-mortgage-workshop-tickets-45390532304

Workshop Highlights:

Why 62, not 82, is the best time to secure a reverse mortgage especially if income and wealth are still high.

How a Home Equity Conversion Mortgage (HECM) has the potential to reduce tax obligations

Great way to turn a portion of a homeowner’s equity into tax-free cash without having to make mortgage payments.

Borrower/heirs can sell it and pay off the reverse mortgage, just like a forward mortgage.

Buyers can pay only 30-70% down, not 100%, and still no mortgage payment! They still must pay taxes and insurance, and the home must be maintained.

It can help seniors who are financially sound, have paid off their mortgage, and would like additional money to potentially enhance their retirement and/or quality of life.

The program offers standby portfolio protection. Use a reverse mortgage to enhance your cash flow in economic down times, which could make all investments last longer while net worth will not necessarily decrease