What Is Your Retirement Strategy?

18 Ways to Use a Home Equity Conversion Mortgage, Reverse Mortgages to Enhance your Retirement.

1. Pay off your forward mortgage to eliminate your monthly mortgage payment*.
2. Remodel your home to accommodate aging in place.
3. Maintain a line of credit (that grows) for health emergencies and surprises.
4. Cover monthly expenses and hold on to other assets**.
5. Pay for health insurance during early retirement years until Medicare eligible at 65**.
6. Pay for your children’s or grandchildren’s college or professional education.
7. Combine proceeds with the sale of your current home to buy a new home and eliminate your mortgage payments.
8. Pay for long-term health care needs.
9. Pay for short-term in-home care or physical therapy following an accident or medical episode.
10. Pay for a retirement plan, estate plan or a will**.
11. Convert a room or basement to a living facility for an aging parent, relative or caregiver.
12. Set up transportation arrangements for when you are no longer comfortable driving.
13. Create a set aside to pay real estate taxes and property insurance.
14. Delay collecting Social Security benefit until payments are maximized**.
15. Eliminate credit card debt and avoid building new credit debt.
16. Purchase health-related technology that enables you to live at home alone.
17. Help your adult children through family emergencies.
18. HAVE FUN! Buy a new car, take a dream vacation and enjoy your retirement.

*Your loan will become due if you no longer live in your home, fail to pay property taxes or homeowners insurance premiums, or do not keep your home in good repair.
** Consult a financial planner/program specialist

Reverse Mortgage Specialist | NMLS 455497 | Retirement Funding Solutions

P: 415-717-4618 E:[email protected] Serving the SF Bay Area & Marin
Synergy One Lending, Inc. d/b/a Retirement Funding Solutions NMLS 1025894. Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act - California License 4131356.
These materials are not from HUD or FHA and the document was not approved by HUD, FHA or any Government Agency.