Seniors

Seniors

For Retirees and Soon-To-Be-Retired

As we grow older, the need for additional financial resources to support our monthly costs often arises. To address this, we provide reverse mortgage loans, an excellent financial solution for seniors seeking extra stability in their later years.


Our expertise lies in assisting retirees and soon-to-be-retired in securing these loans, enabling them to access funds to sustain or enhance their way of life. Reverse mortgages, available to individuals aged 62 and above, allow them to tap into their home equity. This loan type is tailored to offer seniors financial independence, while they continue to live and relish their retirement in their own home.

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Utilizing your home equity doesn't have to be intimidating or scary.


The process of applying for a reverse mortgage through RMS Texas is straightforward. When you work with Robb, he will guide you step-by-step, ensuring that you understand every aspect.


Robb is committed to delivering outstanding service and ensure his clients receive the most favorable terms for their loan. With competitive interest rates and adaptable repayment choices, we cater to your specific needs.


For seniors seeking to increase cashflow, we invite you to get in touch with us. A simple phone call to learn more is free with no obligation.


We Work with Your Trusted Advisor


Because reverse mortgages are no longer a loan of "last resort", it may be a good idea to incorporate it into your overall retirement plan. It may offer additional cash flow and flexibility to help you achieve your goals.


Today, more and more financial professionals are embracing the value and safety of reverse mortgages to help their clients maximize their retirement resources. If you have an advisor you'd like for us to speak with, we are more than willing to do so. Our goal is to work WITH your financial advisor for your best outcome.

Adult Children

Adult Children Helping Their Aging Parent


Often adult children are financially burdened to help their aging parents, while also raising a family of their own. Some see the struggle their parents have and are concerned they will outlive their financial resources.


If you are looking for options to help your parent(s), a reverse mortgage may be the answer. By tapping into the home equity they've built over their lifetime, they can put their hard work to use now when they need it the most. 

When considering a reverse mortgage, there are several factors to balance.


Benefits of a Reverse Mortgage:

- Seniors can age in place by utilizing the equity in their home for costs such as in-home care, medical costs, home renovations for mobility and more.


- Income from a reverse mortgage is typically tax free (please consult a tax professional to learn more).


- When compared to personal loans or credit cards, reverse mortgage interest rates of usually lower, plus don't require monthly payments.


- The HECM for Purchase option allows seniors to downsize,  relocate to be closer to family or to find a more mobility-friendly home.


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Things to Consider:


  • Reverse mortgages accumulate interest throughout the loan period, meaning the debt grows if the senior does not repay the loan.
  • It is crucial for your parents to stay up-to-date with property tax payments and homeowners insurance premiums to keep their loan in good standing.
  • In the event of a senior's passing with an outstanding reverse mortgage, the balance must be settled by their estate or heirs if they intend to retain the house.
  • Additionally, reverse mortgages may impose borrowing limits over time.


Understanding every facet of a reverse mortgage is key to making a well-informed decision. This ensures that your parents can sustain their independence while receiving financial aid in their retirement years. With guidance from an expert like Robb, you can navigate the choices that best suit your family's future needs.


Professionals

Let's Help Your Clients Together

If you are a professional who works with retirees and the soon-to-be-retired, here are the many ways Robb could partner with you with the Reverse Mortgage programs.

Financial Advisors & Planners


Depending on your client's specific needs. When they utilize the equity in their homes we could create more monthly cash flow by either paying off their mortgage balance or if their home is free/clear they can use generally use tax-free dollars to extend their retirement portfolio that you manage for years to come.


You should consult a tax advisor. Data shows that seniors are living longer today and are more in fear of running out of money than actually dying. It is no longer a just a "Last Resort Option" Call me for details.

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Realtors®


We could help your clients that may wish to downsize, right size or move closer to family. If your clients are at least 62, you could offer them this incredible program that very few realtors even know about.


It's called a Home Equity Conversion Mortgage for purchase. Your buyer could purchase up to a max sales price of $1,089,300 and only be required to invest between 55%-65% (based on your age) to close.


They could buy the home they truly want and deserve with this program. Imagine how grateful they will be to you! Call me for details.

CPAs


Who knows their clients tax situation better than their CPA? Robb could help your clients that are short on monthly cash flow or wish to push out their social security benefits until they are eligible for the maximum amount at age 66. Call me for details.

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Builders


The new HECM for Purchase Program is very popular in 55+ communities. If you are a salesperson, manager or the owner you need to be aware that this new program is now available in Texas. Call me for details.

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