6.75 Trillion dollars in DEAD Equity; HECM is safe for seniors

by Rob Balmer. (Posted recently on Linkedin)

40 Million Seniors, age 62+, with over “6.75 Trillion dollars in DEAD Equity” qualify for HUD’s FHA Insured & Regulated HECM program today. Yet, only 2% understand the benefit for them and how it works because of the misconceptions created by the early days of the Reverse Mortgage test, pilot, draft or beta program.

Yesteryear is over. For over 25 years now, the Government has regulated the HECM to make them safe for seniors. By year 2020, over 50 million seniors will qualify. Our mission is to have the opportunity to educate them about the HECM with an open mind. There are No two scenarios alike.

You owe it to yourself and family to explore every possible HECM option available to discover a possible “Fit and Timing” regarding your retirement which provides Peace of Mind to offset inflation.

With a HECM, the Portion of the Credit Line that is not used actually Grows at nearly 7% today, can Never be “Frozen” by a lender and there is No Monthly Payment Required. Make Deposits or Take Withdrawls on the Fly with No Tax or Penalties. You CANNOT do that with a HELOC.

You can decide with No Pressure or Obligation. No Senior should have a house payment on a fixed income today. Why make payments if you don’t have to? With the HECM, you can ELIMINATE monthly house payments and you retain full home ownership rights. No lender is added to title. FHA does not want your house, they already have enough empty houses.

Your only obligation is what you already do now, live there 6 months out of the year, maintain home, pay your property taxes & hazard insurance.

See “information” tab for details.