This newsletter has often discussed and demonstrated the increasing attention that HECM (Home Equity Conversion Mortgage) products are getting throughout the financial planning and related professions. The attention, the facts, the recommendations and the results for people like you are accelerating at quite a pace!
Many of you are not financial advisors per se (and many of you are), but as you go about your business it is more and more important that you have information as to why so many professionals who deal with elderly Americans are jumping on the concept. The more you see sophisticated applications of HECM products as financial planning tools, the better you will understand why a client of yours may benefit greatly from your ability to recognize an opportunity to use housing wealth to tremendous advantage.
I’m not suggesting that you study this intensely and understand every nuance and variable of every version. That’s truly a full time job and I have it well covered for you. The article linked here is one of many that delivers the message that the reverse mortgage that you have heard a great deal of misinformation about is just not real. Ask me for more articles and the actual facts or info any time!
As always, Realtors and Builders of 55+ communities who are not utilizing the HECM for Purchase are snubbing 30% sales increases, much higher home prices and upgrades that sell themselves because of this remarkable financing. Sound too good to be true? Let’s do a Lunch and Learn that will change careers!