Thursday , June 20 2019
Home / Money / Here’s Why Retirees Should Rethink The Benefits Of Reverse Mortgages
Benefits Of Reverse Mortgages

Here’s Why Retirees Should Rethink The Benefits Of Reverse Mortgages

If you have not considered the benefits of reverse mortgages, here’s some food for thought. New rules have changed the game altogether, protecting borrowers more than ever before.

For example, the amount of money that you can take out during the first 12 months is limited. Spouses who are under the qualifying age of 62 during the origination of the loan can now remain in the home if the borrowing spouse dies, as long as they maintain the home and pay the property taxes and insurance. What’s more, the associated fees have been lowered and the mortgage insurance premiums are less costly, making these HECM loans more advantageous.

The primary benefit of a reverse mortgage is that it allows a retiree to access the equity in their home, essentially converting it into a financial vehicle they can use at their discretion. For instance, a reverse mortgage line of credit could be tapped to help pay for unforeseen medical bills that might otherwise put a family out of house and home.

Furthermore, you don’t have to spend the money just because you have access to it. A line of credit only accrues interest when you spend it, and only on the money that you are spending. But what it does do is create a nest egg that you can access when and if you need it or deem fit. In addition, any money that you pull out is considered a loan, and therefore is not taxable under income tax laws.

Of the many reasons to consider a reverse mortgage, it’s nice to know that you have a line of credit that you can access at any time, for any reason, whenever you need it. Being able to borrow against an asset such as your home at the push of a button or the flick of a pen can add some comfort and security to your life.

Before you consider a reverse mortgage, make sure you fully research the process, fees and interest rates. Don’t forget, these loans are not based upon your credit or income, so they are much easier to qualify for than a conventional loan is. Your research may lead you to determine that they make sense for your situation.

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    I want to pass along some very important news that everyone needs to hear!

    In December of 2017, Donald Trump made history by recognizing Jerusalem as the capital of Israel. Why is this big news? Because by this the Jewish people of Israel are now able to press forward in bringing about the Third Temple prophesied in the Bible.

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    Visit http://WWW.BIBLEFREEDOM.COM to see proof for these things and why the Bible truly is the word of God!

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    It has been calculated by Roger Penrose that the odds of the initial conditions for the big bang to produce the universe that we see to be a number so big, that we could put a zero on every particle in the universe, and even that would not be enough to use every zero. What are the odds that God created the universe? Odds are no such thing. Who of you would gamble your life on one coin flip?

    Is there evidence that the Bible is the truth? Yes. Did you know that the creation accounts listed in the book of Genesis are not only all correct, but are also in the correct chronological order? That the Bible doesn’t say the Earth was formed in six 24-hour days but rather six long but finite periods of time? That the Bible makes 10 times more creation claims than all major “holy” books combined with no contradictions, while these other books have errors in them? The Bible stood alone by concurring with the big bang saying, “In the beginning God created the heaven and the earth” (Genesis 1:1); and says our universe is expanding, thousands of years before scientists discovered these things. Watch a potential life-changing video on the website listed below with Astronomer(PhD) Hugh Ross explaining all these facts based on published scientific data. He has authored many books, backed even by atheist scientists.

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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.

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    “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.”

    Referring to the last days, this could only be speaking of a cashless society, which we have yet to see, but are heading towards. Otherwise, we could still buy or sell without the mark amongst others if physical money was still currency. This Mark couldn’t be spiritual because the word references two different physical locations. If it was spiritual it would just say in the forehead. RFID microchip implant technology will be the future of a one world cashless society containing digital currency. It will be implanted in the right-hand or the forehead, and we cannot buy or sell without it! We must grow strong in Jesus. AT ALL COSTS, DO NOT TAKE IT!

    “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).

    People have been saying the end is coming for many years, but we needed two key things. One, the Third Temple, and two, the technology for a cashless society to fulfill the prophecy of the Mark of the Beast.

    Visit http://WWW.BIBLEFREEDOM.COM to see proof for these things and why the Bible trul is the word of God!

    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! This is forever…God bless!

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