The key to a more secure retirement might already be in your pocket.
We are experts in Reverse Mortgages or Home Equity Conversion Mortgage (HECM)
How the power of home can bring you closer to the retirement you deserve.
While most people approaching retirement think of their personal net worth in terms of savings, stocks, bonds, or retirement accounts, the reality is quite different. Studies show that half of homeowners age 62 or older have at least 55% of their net worth tied up in home equity.
What exactly is a “reverse mortgage”?
With a reverse mortgage, more accurately now called a Home Equity Conversion Mortgage (HECM), homeowners age 62 or older receive a portion of their home’s equity while living in the home, and with no monthly mortgage payments. The funds are income tax-free, and borrowers retain ownership and title to their home as long as they:
Live in the home as their primary residence.
Continue to pay required property taxes
and homeowners insurance.
Maintain the home according to Federal
Housing Administration requirements.
When my name is on everything we do, getting every detail right matters
Say goodbye to those big banks that drag their feet for months and get your hopes up with fake pre-qualification letters! We're not about playing games or wasting your precious time. In fact, we're obsessed with respecting every second you invest.
Pay off an existing mortgage, monthly bills,
or healthcare expenses to increase cash flow.
Make needed home repairs or modifications
to live more comfortably.
Replace taxable withdrawals from 401(k) or other retirement plans with tax-free reverse mortgage proceeds.
Establish a line of credit for emergencies
or occasional expenses.
Help a child or grandchild with major expenses, like a down payment on a home or college tuition.
How the power of home can bring you closer to the retirement you deserve.
While most people approaching retirement think of their personal net worth in terms of savings, stocks, bonds, or retirement accounts, the reality is quite different. Studies show that half of homeowners age 62 or older have at least 55% of their net worth tied up in home equity.
What exactly is a “reverse mortgage”?
With a reverse mortgage, more accurately now called a Home
Equity Conversion Mortgage (HECM), homeowners age 62 or
older receive a portion of their home’s equity while living in the
home, and with no monthly mortgage payments. The funds
are income tax-free, and borrowers retain ownership and
title to their home as long as they:
Live in the home as their primary residence.
Continue to pay required property taxes
and homeowners insurance.
Maintain the home according to Federal
Housing Administration requirements.
When my name is on everything we do, getting every detail right matters
Say goodbye to those big banks that drag their feet for months and get your hopes up with fake pre-qualification letters! We're not about playing games or wasting your precious time. In fact, we're obsessed with respecting every second you invest.
Pay off an existing mortgage, monthly bills,
or healthcare expenses to increase cash flow.
Make needed home repairs or modifications
to live more comfortably.
Replace taxable withdrawals from 401(k) or other retirement plans with tax-free reverse mortgage proceeds.
Establish a line of credit for emergencies
or occasional expenses.
Help a child or grandchild with major expenses, like a down payment on a home or college tuition.
Get Your Free Guide to Mortgage Success
Unlock the secrets to securing the best mortgage rates and understanding reverse mortgages.
Use our comprehensive guide to help you navigate the reverse mortgage process with ease, so you can make informed decisions for your home. Simply enter your name, email, and phone number to get instant access.
From paying off a mortgage, to creating consistent monthly income, to smarter tax planning, a reverse mortgage can unlock the equity in your home for a more secure retirement.
What amount can you receive
from a reverse mortgage?
The amount of money that you can receive from a HECM
depends on a number of factors, such as your age, the
type of reverse mortgage you select, current interest rates, and the appraised value of your home.
How can you receive the money?
Depending on the specific program you choose,
there is a range of options for receiving the
proceeds of a reverse mortgage, including:
A monthly income stream
A lump sum payment
A line of credit
Any combination of the above
From paying off a mortgage, to creating consistent monthly income, to smarter tax planning, a reverse mortgage can unlock the equity in your home for a more secure retirement.
What amount can you receive
from a reverse mortgage?
The amount of money that you can receive from a HECM
depends on a number of factors, such as your age, the
type of reverse mortgage you select, current interest rates,
and the appraised value of your home.
How can you receive the money?
Depending on the specific program you choose,
there is a range of options for receiving the
proceeds of a reverse mortgage, including:
• A monthly income stream
• A lump sum payment
• A line of credit
• Any combination of the above
Team Stapleton Home Loans
3035 5th Ave N, St. Petersburg, FL 33713
Office: (727) 800-2921
Office: (727) 273-7297
Fax: (877) 224-7681
Hours: Mon-Sun 9AM-8PM
Team Stapleton Home Loans LLC is an Equal Housing Lender.
