An Insurance Policy For Your Nest Egg

Your nest egg is healthy and you’ve done a good job investing and now you’re ready to retire, but the market is down big time.

What now?  Do you have a backup plan for your portfolio in the event you have to take withdrawals in a down market?

Taking funds out of a portfolio in a down market can severely shorten the lifespan of a portfolio.  It may be better to not take withdrawal and let your portfolio recover and regenerate which can take time.

This is where a standby reverse mortgage line of credit is something to consider.  You can take advances from the line of credit until you or your financial advisor decide to start taking withdrawals from your portfolio again.

Even though the reverse mortgage line of credit doesn’t require you to make monthly payments to pay it back, you can choose to make payments and every dollar you pay back goes back to your available balance to use again in the future in the event you need to use it in another down month or year.

A few other things you may not know about the HECM standby reverse mortgage line of credit:

  1. The lender can never close the line of credit due to declining property values.
  2. The amount of available credit grows over time-resulting in more funds to use at your discretion. You don’t have to do anything to access these additional funds, an interest rate is tied to the credit available funds and gets added to the line on a monthly basis. An available line of credit can double in 10 years-all tax free funds to use.  No other loan of any kind has this unique feature.
  3. Your retirement portfolio is tied to market volatility (assuming it’s in or tied to an investment driven by the market), the standby reverse mortgage line of credit is not again giving the retiree an additional option to pull funds from in a down market.
  4. To maximize the credit line growth, it’s best to do the standby reverse mortgage prior to retirement to give it time to grow-not wait until you’re older (so you get more immediate funds). This has been the traditional thought process for reverse mortgages.
  5. All the HECM reverse mortgage loans have added safeguards and features the past few years

 that make it a product that deserves a second look. 

Call Kevin Walton with C2 Reverse for additional creative solutions on how a reverse mortgage can be used to enhance retirement

Cell: 805-276-1942            www.californiareversemortgage.biz       NMLS 245923

Basic Contact

Property Zip Code(Required)
This field is for validation purposes and should be left unchanged.
I agree to be contacted by C2 Reverse via call, email, and text. To opt-out, you can reply ‘stop’ at any time or click the unsubscribe link in the emails. Message and data rates may apply.

This information is not intended to be a substitute for legal, tax or financial advice. Consult with a qualified attorney, accountant or financial advisor for additional legal or tax advice. These materials are not from HUD or FHA and were not approved by HUD or a government agency.
* There are some circumstances that will cause the loan to mature and the balance to become due and payable. The borrower(s) must continue to pay for property taxes and insurance and maintain the property to meet HUD standards or risk default.. Credit is subject to age, minimum income guidelines, credit history, and property qualifications. Program rates, fees, terms and conditions are not available in all states and subject to change.

Kevin Walton

NMLS #245923
Phone: (805) 276-1942
C2 Reverse Mortgage Corporation
12230 El Camino, Suite 100, San Diego, CA 92130


Contact

Privacy Policy

Disclosures & Licensing

Kevin Walton, Residential Mortgage Loan Originator, NMLS #245923 // C2 Financial Corporation NMLS #135622 
Kevin Walton, Residential Mortgage Loan Originator, DRE #, 01453270//C2 Financial Corporation DRE#, 01821025 
Corporate: 858-312-4900 // www.c2financialcorp.com/  
[email protected]

Kevin’s cell: 805-276-1942

This licensee is performing acts for which a real estate license is required.  C2 Financial Corporation is licensed by the California Bureau of Real Estate, Broker # 01821025: NMLS # 135622.  Loan approval is not guaranteed and is subject to lender review of information.  Loan is only approved when lender has issued approval in writing.  Specified rates may not be available for all borrowers.  Rate subject to change with market conditions.  C2 Financial Corporation is an Equal Opportunity Mortgage Broker/Lender.  The services referred to herein are not available to persons located outside the state of California. 

As a broker, C2 Financial Corporation is NOT approved by the FHA or HUD, but C2 Financial Corporation is allowed to originate FHA loans based on their relationships with FHA approved lenders.

Share