LARGE HOME
SMALL INCOME?
aka, House Rich and Cash Poor
REVERSE THAT!
let your Home help fund your Retirement
Downsize the Easy Way
Simplified Downsizing
Easier transition to a smaller, more manageable home without the hassle of listing, repairs, and intrusive showing appointments.
Increased Retirement Income
Move Home Equity Cash into retirement portfolio for additional income.
No Mortgage Payments
Utilize an innovative mortgage strategy to purchase your new home, eliminating monthly mortgage expenses.
Increased Financial Assets
Home equity is freed up to invest in retirement portfolio to increase assets. Home also appreciates as more equity is gained.
3 Step Transaction For Easy Downsize Transition
Leveraging the home sale proceeds
Your Financial Planner implements investment strategy to strengthen your retirement.
Reallocate Equity
Invest the proceeds from your home sale with your financial advisor.
Income Generation
Enhance retirement income through strategic investments.
increasing overall
Average example shows increasing overall investment portfolio by 57% per client
Key Benefits
- No Monthly Payments: Frees up cash flow.
- Ownership and Occupancy: Client retains ownership and can live in the home as long as they wish.
- Enhances Retirement Assets: Increases AUM.
- Frees Up Cash: For other uses such as investment properties, college funding, LTC, Roth IRA conversions, Stocks Bonds, etc.
Eligibility & process
- Client Eligibility: Typically for clients aged 62 and older (special programs for age 55 in some states).
- Process: Certified Mortgage Professional will assist clients in navigating the mortgage application.
Case Study
Client Profile
Option 1 - Buy All Cash
- 1. Sell large current home for $625,000.
- 2. Buy a smaller $400,000 home with $400,000 cash.
- 3. Invest $150,000 from the home sale to increase AUM.
Option 2 - Buy with a Reverse Mortgage:
- 1. Sell current home for $625,000.
- 2. Buy a smaller $400,000 home with only $265,000 cash.
- 3. Invest $285,000 from the home sale to increase AUM.
Outcome
Your money goes further.
Almost DOUBLES!
Steps to get started
Reverse Big Home, Small Income Problem.
Move into the home you really want. Increase your retirement income. Leave a better legacy for your children.
Nationwide Service. We can help you no matter where you live currently or where you would prefer to live.
Simple Downsize Solutions:
1. Initial Consultation
We meet with you to understand your needs, and outline the process. We work closely with you to review and explain these details so you make the best financial decision with full transparency. We encourage you to review with your financial advisor.
2. New Home Search and Cash Offer
We partner you with our specially trained and certified real estate agents to secure your new home. Once your new home is under contract we move forward with closing on the cash offer for your current home.
3. Initiate Mortgage Process
The key component of this process is securing your HECM purchase mortgage that will not require any payments from you. You keep the majority of the equity gains from the sale of your home.
4. Closing and Moving
We close on both properties and allow you to move on your schedule. If you need help with the packing and moving process, don’t worry. We are here to help you.
5. Re-Selling your Original Home.
Our investor partner does not keep your home, it is sold via our partner real estate agents. Additional equity owed to you or gained on the sale is also reimbursed to you. You receive 100% Full Market Value for your home.