Planning Ideas for House Rich, Cash Poor Clients
Wednesday, March 20, 2019 | 4:00 PM — 5:00 PM EDT
Are you interested in ideas for clients who are house rich
and cash poor? Join Tom Dickson for a free webinar to learn more about Reverse
Mortgage Funding’s new proprietary product solution, Equity Elite, that can help clients
who have millions in home equity and yet are cash poor in retirement.
Tom will share strategies for these clients that can help
them avoid capital gains, lower their taxes, eliminate their mortgage payments
and possibly provide income-tax-free funds*—all while staying in their home†.
Consider this scenario: A 72-year-old client with a $3
million home can access $1,057,708‡ in income-tax-free* funds using RMF’s
Equity Elite Reverse Mortgage§. Even if the client has a mortgage of $600,000,
they could use Equity Elite to pay off the mortgage and use the remaining
$457,708‡ funds to meet their living expenses in retirement.
Please Note: One CE credit will be provided for CFP, RICP,
CLU and ChFC designations.
*Not tax advice. Consult a tax professional.
†As with any mortgage, the borrower must meet their loan
obligations, which includes keeping current with property taxes, homeowners
insurance, and keeping their home in good condition.
‡Shown for illustrative purposes only. Loan amounts vary and
are based on multiple factors. Please contact Reverse Mortgage Funding LLC
(RMF) for details.
§Equity Elite currently is available only for eligible
properties in select states. Please contact your loan originator to see if it
is currently available in your state.
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