Mary Jo Lafaye
1101 5th Ave. Suite 150A
San Rafael, CA 94901
Thank you for visiting my website. A Home Equity Conversion Mortgage (HECM), commonly known as a reverse mortgage, is a HUD Program that is insured by the Federal Housing Administration (FHA) enabling retirees across the country to live a more enjoyable retirement. Here at Retirement Funding Solutions, our goal is to help our customers make the right, informed decision about funding their retirement.
Here are some common examples of what a HECM can help you do:
Purchase a new home to fit your lifestyle needs
Protect your retirement portfolio
Reduce monthly expenses by paying off existing mortgage or consolidating debt
Enhance your cash flow
Incorporate housing wealth into your retirement plan
Create an emergency fund
Increase cash to help ensure monthly bills are paid
Fund for home repairs or upgrades
Reduce the burden of out-of-pocket healthcare costs
Fund the expense for caregivers, live-in nurses, or other in-home care
Have the cash for a large expense, such as a vacation or vehicle
The reverse mortgage changed our lifestyle because we could do more things.
The net result was about $700 worth of extra disposable income, and I think all of us could use an extra $700 a month.
The benefit to me is that I'm able to fulfill the commitment I made to my mother to keep her at home for the rest of her life.