Do you know anyone looking for a smart way to retire? ⁣ HECM (Home Equity Conversion Mortgage) reverse mortgages help qualified homeowners age 62 and older unlock a valuable retirement asset: home equity. ⁣ Instead of selling or refinancing with a traditional mortgage, a reverse mortgage allows qualified borrowers to access a portion of their home’s equity without giving up any ownership of the home*. Plus, the borrower isn’t required to make monthly principal or interest mortgage payments**. (S
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Instead of begging a bank, I structured it like this: I brought $237,500 to the table and leveraged a first position DSCR loan to finance that down payment. The seller carried the remaining $712,500 as equity inside my LLC. They get monthly income, tax advantages, and if I ever default, they take the entire company back– no foreclosure! #fyp
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Many borrowers are unaware of what a Home Equity Conversion Mortgage can do for their family, finances, and future – but that’s why we’re here #makingmortgages. Reach out to learn more about this unique financial tool for adults 62 and older.  Get in the know and start better with radius! Original reel from: @ashlammlo #reversemortgage #mortgagetips | radius financial group inc. | Facebook
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