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800-228-2926 (24/7)
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800-228-2926 (24/7)
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Here
is one Trump Card
worth $650,000 tax FREE
For hardworking, middle income, families I have long promoted your home as your number one investment. Your home is the one investment you can make with only 10 to 20% down.
Your home is one investment you can make with other peoples money. With only 10 to 20% down you can prosper with appreciation on 100% of the value of the home.
Your home is the one investment you can make with borrowed money and deduct the interest from taxable income.
Your home is one investment that will likely double in value before you get the mortgage paid off.
The government has made it possible for you to retire on the house.
Your home is now considered a retirement income asset. After age 62 you can take a 100% government backed home equity loan known as a reverse mortgage and use the tax free money as retirement income or for any purpose you choose and the reverse mortgage protects the home for as long as you live and live in the home it is protected from lawsuits, creditor claims, and bankruptcy.
Today, young couples could buy a $200,000 and it’s likely to double in value to $400,000 or more before the home is paid off. And your home is one investment that allows a married couple a half-million dollar tax-free gain.
Now that’s something you should think about – you could buy
a $200,000 home mortgage 80% of the value, tax deduct the interest, and
profit from a half million dollar tax free gain…you could sell that
$700,000 home and pocket a half-million dollars tax free and have $200,000
to pay cash for a smaller retirement home or a condo and then you could
take a government backed reverse mortgage for $150,000, never make a
payment for as long as you or your spouse live in the home or condo.
$650,000 stash of tax-free cash
The half-million dollar tax free gain plus the $150,000 reverse mortgage provide you with a $650,000 stash of tax-free cash for retirement…now that is financial freedom to do the things you always wanted to do. $650,000 income tax-free…what’s it worth? Well, $650,000 tax-free is the equivalent of almost a million-bucks of taxable income.
The downside?
Well, if you are inclined to gamble away the money in the casino or on Wall Street that just might be a downside or a downfall. Now here is the upside to the downside if you gambled away the money or lost the money in the market your home is protected for you as long as you or your spouse live in the home.
Now here’s a word of caution be weary of salesman promoting a reverse mortgage for the purpose of leveraging your estate with a life insurance policy. Two things to watch for if you enjoy longevity the life insurance may later require much more premium dollars or you forfeit all you have paid into it.
One of the great advantages of the reverse mortgage is that you take out equity without monthly payments and the interest is accruing with the principal loan amount…when the mortgage money is used to buy life insurance beware of two major concerns the life insurance blows up as you grow older or the loan amount with accrued interest grows into an amount greater than the face amount of the life insurance.
Beware of anyone who advises you to take a home equity loan or a reverse mortgage and gamble with the money in mutual funds and be cautious of the person who recommends you use the loan proceeds to buy life insurance…some life insurance policies at the upper ages may blow up and cause you to lose your money and your home equity.
For many people the reverse mortgage has helped them enjoy a better lifestyle
but before you take a reverse mortgage talk with an ANBC Certified Annuity
Consultant who can help you enjoy more spendable income two ways with
a planned increase in income a year from now without a home equity loan
or a reverse mortgage.
Having said all that, for seniors, the decision to take a reverse mortgage or not to take one is not the decision to make today. The decision to make today is to get all the facts, the figures, and all the information and only after you study carefully all the facts, figures, and information if the reverse mortgage makes sense for you – you can move forward or you can file away the facts, figures, and information with your other important papers, documents, and deeds with peace of mind knowing that if you should ever need it…the money is available for you.
If you’re in need of a home equity loan, the 100% government backed reverse mortgage is a trump card for seniors age 62plus. It’s a trump card that protects your home for as long as you live – and live in your home without monthly payments and the guarantee that the loan and the accrued interest can never be greater than the fair market value of the home.
Any loan balance above the fair market value including interest is forgiven. There is no recourse to the home. Your home is protected for you for as long as you live – and live in your home. Now that’s a trump card worth holding.
