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considering a reverse mortgage

14% Of Retirees Consider A Reverse Mortgage, New Study Finds

Reverse mortgages have grown in popularity in recent years as more retirees seek to cash out their home equity and secure their lifestyle and financial freedom during their golden years.

A reverse mortgage is a special kind of HECM loan that allows American homeowners age 62 and older to borrow against the equity in their homes with no payment due until after they have passed away.

Certain requirements mandate third-party credit counseling previous to the loan, and the ability to demonstrate the financial ability to maintain home upkeep, pay property taxes and homeowner’s insurance. There are no credit or income requirements aside from this, but the property does have to remain a primary residence.

Due to the attractive nature of these loans, reverse mortgages have seen a boon in popularity in recent years for retirees. A new report that was published by the American College of Financial Services reflects that.

In a poll that covered over 1,000 participants, it was found that:

  • 14% of qualifying older Americans are considering a reverse mortgage home loan.
  • 44% have considered drawing upon their home’s equity during their retirement years.
  • 25% said they were OK with using this equity as their regular source of income during retirement.
  • Just over 40% of participants said the reason they wouldn’t need a reverse mortgage was due to the fact that they were already financially sufficient during retirement.

If you are nearing retirement, and you own your home, it’s never a bad idea to explore options with a reverse mortgage, should you realize that your funds may be inadequate for sustaining your quality of living post workforce.

The new rules on reverse mortgages allow retirees to borrow as much as 60% of their available equity without having to make any payments during their lifetime. Payout options include a lump sum, line of credit or monthly payments.

It’s always a good idea to fully consider this prospect before applying for such a loan, and to also make sure that you discuss it with a qualified financial advisor so you can explore all of your options and assure that you are making a well informed decision. After conducting your due diligence, you may deduce that such a loan is an advantageous retirement tool.

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    Jewish Rabbis have publicly announced that their Messiah will be revealed in the coming years who will be a leader and spiritual guide to all nations, gathering all religions under the worship of one God. They deny Jesus as their Messiah, and the Bible tells us this Jewish Messiah will be the counterfiet that will bring about a false peace, and ultimatley the great tribulation.

    They even printed a coin to raise money for the Temple with Donald Trumps face on the front and with king Cyrus'(who built the second Temple) behind him. On the back of the coin is an image of the third Temple.

    More importantly, the power that runs the world wants to put a RFID microchip in our body making us total slaves to them. This chip matches perfectly with the Mark of the Beast in the Bible, more specifically in Revelation 13:16-18:

    “He causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name.

    Here is wisdom. Let him who has understanding calculate the number of the beast, for it is the number of a man: His number is 666.”

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    “Then a third angel followed them, saying with a loud voice, “If anyone worships the beast and his image, and receives his mark on his forehead or on his hand, he himself shall also drink of the wine of the wrath of God, which is poured out full strength into the cup of His indignation. He shall be tormented with fire and brimstone in the presence of the holy angels and in the presence of the Lamb. And the smoke of their torment ascends forever and ever; and they have no rest day or night, who worship the beast and his image, and whoever receives the mark of his name” (Revelation 14:9-11).

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    If you haven’t already, it is time to seek God with all your heart. Jesus loves you more than you could imagine. He wants to have a relationship with you and redeem you from your sins. Turn to Him and repent while there is still hope! God bless!

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