Larry Reed: Hi, I’m Larry Reed with Retirement Funding Solutions, and I specialize in a mortgage program called the HECM for Purchase for Retirees. I’m going to tell you about a story of a couple that I worked with, Tom and Linda, that were moving here from New England, and they had intended to pay all cash; they had sold their home and had quite a bit of cash available. They found a home they were really in love with on a lake, and the purchase price ended up, after a bidding war that they won, about $133,000.
Now their intention again as I said was to pay all cash, but once they learned about the HECM program, they said, “We can put about half down, and keep the other half in our pocket, and use it as we please.” I said, “Yes, you can.” They took the other half and split it up into three annuities, each of their three children, that they’re starting to be able to use now today as opposed to upon their death. It was really meaningful to them to treat their retirement in a different way.
If you’ve got a question about how this program can work for you, give me a call or talk to the Trembley Group. Let’s find out how it works.
For more information contact: Larry Reed, HECM Specialist, Retirement Funding Solutions, 843.712.2609
Need help? Call The Trembley Group at 843.945.1880 ext. 100 and we’ll help you look for the perfect listing or buyers agent!
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