If you are over the age of 62, and your home mortgage is either paid off or within 10 years of being paid off, watch this video to learn how you can pay off your mortgage immediately (eliminating future payments) and convert your home equity into a tax free cash reserve or a lifetime monthly income.
In this video, you will learn:
- how to tap your home equity for retirement income or cash reserve
- what is a federally guaranteed HECM
- the tax benefits of a HECM
- why every retired homeowner should have a HECM
- what you can and cannot do with your HECM proceeds