Reverse Mortgages Praised in Journal of Financial Planning
Reverse Mortgages Praised in Journal of Financial Planning
Reverse Mortgages Praised in Journal of Financial Planning
Reverse Mortgages Praised in Journal of Financial Planning
Establish Your Line of Credit As Early as Possible
Once thought to be a strategy effective only for the mass-affluent, new analysis from researcher Barry Sacks shows that the “almost-affluent” can benefit from establishing a HECM line of credit as early as possible, particularly if they are house rich and cash poor. Sacks shows that taking the HECM early produces a significantly higher retirement income than a later establishment of the credit line, while reducing the probability of exhausting his or her assets.
Sacks, a San Francisco attorney, recently co-authored a new article published in the Journal of Financial Planning, titled Integrating Home Equity and Retirement Savings through the “Rule of 30.”
Ready to establish your line of credit? Call Steve today! (719) 434-3919. He is known in the front range as The Mortgage Doctor, an honest and effective mortgage lender who will find the best mortgage option for you and walk you through the process. Check out his testimonials by clicking here.
