Home equity conversion mortgage (HECM) in Retirement
Didier Malagies • June 25, 2024
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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There are now more loans with interest rates over 6% than those with rates under 3%. 40% of the volume closed were refinances, and 30% of the loans done were NON-QM loans. There was a 10% drop in mortgage volume at the end of 2025, with a drop in interest rates. With 1.4 trillion in credit card debt, it seems that 1.4 trillion in credit card debt may be the reason for the refinancing. It is interesting that the NON QM loans captured so much of the closed business, and will only grow more in 2026 Popular program is the bank statement loan, which does not require tax returns, 1099's or W-2s If you are looking at doing a rate term refinance, remember to look for a 2% drop with no points tune in and learn https://www.ddamortgage.com/blog didier malagies nmls#212566 dda mortgage nmls#324329
