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005: Elephant in the Room - Will house be paid off to retire?
- 2023/01/19
- 再生時間： 5 分
- ポッドキャスト
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サマリー
あらすじ・解説
Here's the biggest question for a lot of people looking forward to retirement: Will the house be paid off in time?
The primary benefit of paying off your house is that the mortgage payment goes away... and that makes retirement that much more comfortable. But what if the house will not be paid off for another 5-10 years. Can you last that long? And if so, do you want to work that much longer?? Will that affect your health??? Will you miss out on quality time with the family???? The list of questions goes on and on.
So back to the Elephant in the Room: Will the house be paid off in time?
Well guess what... it doesn't have to be, if you qualify for a HECM loan! If you have enough equity, then we can use the HECM to payoff your existing mortgage. And with the HECM not having a required monthly mortgage payment, that means you would have eliminated your mortgage payment... and get that much closer to your retirement!
Imagine that!!! :-)
Enjoy,
Mike & Team