Bob Miller - New American Funding

06/16/2025

Problem:
Aged 55+ homeowner has a cash flow problem but do not want or cannot refinance an existing low interest first mortgage with a new mortgage at a higher interest rate.

Solution:
Take out a second mortgage that does not require the borrower to make monthly payments (negatively amortized). Money can be used to pay off debts and improve cash flow. Debt coverage ratios are low because we can dissipate the available funds and monthly payments are not required.

04/01/2025

04/01/2025

12/11/2024

Creating a HECM loan boosts most peoples monthly cash flow.

Is it too little, too late?

09/02/2024

Recently a client created a HECM loan to fund his grandchildren's education and watch them spend some of their inheritance while he was still alive.

Managing your money later in life includes defining a destination point for the next generation of your wealth.

08/08/2024

Nice to hear the truth.

In this video, Leisa Peterson shares her personal journey, offering insights into the finance industry and the pursuit of finding a fulfilling career.By watc...

07/04/2024

Good story about comparing a HELOC to a HECM.

This article was first published on NerdWallet.com.

06/26/2024

Good article.

A look at what to know about reverse mortgages, and why caution around them is warranted.

06/26/2024

Things That Confuse Me. What confuses you?
1. Not understanding credit counselors are modern day debt collectors.
2. Complaining about mortgage rates but eagerly pay 3x on credit cards.
3. Hiring a financial advisor to put you in index funds.
4. Thinking that paying a mortgage and getting a tax deduction is smarter than no mortgage.
5. Wearing a knit hat when it is 110 degrees outside.
6. Having assets but not purchasing Medicare Part B and a supplement.
7. Not originating a HECM loan to create a line of credit that grows unconditionally for life.
8. Laying up on a par 3
9. Not contributing to a 401(k) or SEP plan
10. Lying to your attorney or doctor.

06/19/2024

I created a video and that mirrors my live presentation. Here is the link: https://youtu.be/cNjwNjamGSU

05/29/2024

Understanding the psychology of retirement is just as important as crunching numbers. This is a great video.

✅ *FREE RETIREMENT ASSESSMENT* ✅ https://www.foundryfinancial.org/retirement-assessmentAs a retirement professional, I've devoted countless hours to retirem...