Home equity conversion mortgage (HECM) in Retirement
Payoff a Mortgage
Eliminatinga mortgage in retirement increases cashflow
Stand-by credit line
A retirement strategy where the homeowner uses the credit line as a bucket to draw from during bear markets.
Long term care protection
Set up credit line and let it grow untouched, to use only if needed
Emergency back-up
Set up a credit line to use only as needed
Tenure payments
Tax-free lifetime income stream, thereby reducing the need to make withdrawals from tax portfolios
Hecm for Purchase
Use the Hecm to purchase a new home and invest the difference for retirement
Divorce settlement
Use the Hecm to buy out a spouse's portion of the home without selling or withdrawing funds from portfolio
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