Using A Reverse Mortgage Loan To Self Fund Long Term Care

Get A Free Info Kit Personal Consultation

Get in touch

800-345-2041

Let Me Tell You One More Reverse Mortgage Success Story...

Tom and Tammy have paid off their 845K house in San Clemente and even took out a 250K Home Equity Line of Credit from the local bank. They thought that they have secured their retirement goals until they heard about the HELOC's limitations and the growth rate option of a Reverse Mortgage Line of Credit. Most people don't have a clue that the Home Equity Line of Credit has about a 10 year shelf life and then they disappear. You no longer get to access any money from that line and your monthly payment goes from an interest only to a full payment. If you have one and don't believe me, call your bank and then call me once you fall over.

LET US KNOW YOU ARE INTERESTED

After sitting down with me to discuss the Reverse Mortgage Line of Credit they found out there is nothing that can compare. A RMLOC has no mandatory monthly payment, is always much larger and also has a growth rate attached to it. It can never be frozen or closed or taken away and it will grow larger regardless of the value of your home. Yes ........ .it grows like an oak tree and nothing can stop it!

"Long Term Care not in the cards? ............ I have a solution!"

In 2008-09 banks across America froze every Line of credit that was out there and left people struggling to find access to cash. This should be an eye opener to every senior right now looking at one. Why would you ever risk having to make a payment while risking your credit at best case and worst case, your home. Everybody loses income as they get older, image how much larger your bills will be 10 years from now and no access to the line anymore? Don't cry yet!

If you are 62 you have to look into a RMLOC and get the facts, it is a no brainer. Tom and Tammy were able to set up a $333,000 Line of Credit with a growth rate of 5.9% annually ........... that means in 5 short years it will grow to $443,531 and in 10 years it will be $590,750. What about that for a long term care solution?