There is a 6 trillion dollar wealth gap between what baby boomers need to retire and what they have saved for retirement. This same group, homeowners aged 62 and above, have a combined home equity in excess of 11 trillion dollars, but no real way to treat that equity as liquidity. HECM’s allow you to do just that, along with the bonuses of an OPTIONAL monthly principal and interest payment, a line of credit with an available balance that grows, and terms that allow you to stay in your home for the remainder of your life.
What if you didn’t have to make a principal and interest payment every month? How would that change your quality of life?
If you are 62 or over, have at least 50% equity in your home, and intend to occupy your home for the long-term, a HECM can provide life-changing security to your cash flow, overall net worth, and your ability to weather changes in financial markets as you move through your golden years.
