Reverse Mortgage Line of Credit (LOC) option
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- Enables borrowers to convert hard asset (home equity) to liquid assets (cash)
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- HUD’s way to make Reverse Mortgage long term retirement planning tool
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- Can augment and replace lost 401k performance
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- Reason CFPs/Financial Planners now endorse Reverse Mortgages
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- Significant annual growth rates (high 3% to 5%)
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- Immune to Real Estate market changes – LOC not cancelled & will continue to grow even in declining market