Jeff Beckman - Reverse Mortgage NMLS 1060225 CA DRE 01950258

05/27/2021

The FHFA (Federal Housing Finance Agency) released their House Price Index, which measures home price appreciation on single-family homes with conforming loan amounts. While you can have a million-dollar home with a conforming loan amount, the report most likely is representing lower prices homes, where supply is tightest, and demand is strongest. It should be no surprise that it is even stronger than the Case Shiller Report - Home prices rose 1.4% in March and are up 13.9% year over year, which is higher than the 12.3% in the previous report.

With home values increasing rapidly over the past year, you have more equity than ever before. If you are thinking of accessing some of your home equity to support you in retirement, give me a call to find out how a reverse mortgage can help you. 916-716-8726

The FHFA (Federal Housing Finance Agency) released their House Price Index, which measures home price appreciation on single-family homes with conforming loan amounts. While you can have a million-dollar home with a conforming loan amount, the report most likely is representing lower prices homes, w...

04/01/2021

Real estate values have increased dramatically over the past year. You may have access to a much greater amount of that equity by refinancing your current reverse mortgage. Call me at 916-716-8726 to see how much equity you may be able to use.

03/30/2021

Home values are going up! Maybe now is the time to think about a reverse mortgage as you have more equity to access. Call me at 916-716-8726 to learn more about how a reverse mortgage can benefit you.

03/25/2020

While many investment portfolios have taken a big hit over the last few weeks, one asset that has performed very well over that same time is the value of your home. You can use some of that equity to take a little pressure off your investments in times like these. If you would like to learn how to access some of your home equity (without having to make a mortgage payment) click on this link to view my webinar: https://events.genndi.com/live/819005285141058185/663438a0ac/now/

02/03/2020

Understanding how your retirement funds will convert to monthly income in the future is a great place to start evaluating your savings. If you end up with a gap between what you have and what you desire, you may be able to use some of the equity in your home to close or eliminate that gap. Give me a call to learn more.

This one number will help you more accurately plan for retirement — thanks to the Secure Act.

01/29/2020

This article by Robert Pagliarini is a great example of the damage that can be caused by a market downturn early in your retirement. A reverse mortgage may be the best tool you can use to mitigate that market risk. Call me to learn more!

Many investors rely on the "4% retirement rule", but it has a serious problem. If you are nearing retirement, you need to understand "sequence of investment returns" because it can mean the difference between a retirement with plenty of income and one where you run out of money.

12/31/2019

Saving early will help make your retirement years more enjoyable.

Here's what you need to know about saving for your golden years in 2020, from plan options to annual contribution limits.

12/23/2019

The Department of Housing and Urban Development announced that the loan limit for FHA insured reverse mortgages (HECM) will increase to $765,600 in 2020. This is the fourth consecutive year that FHA has increased the maximum loan size for a reverse mortgage.

12/04/2019

Reverse Mortgage Myth #4 - “I could wind up owing more than my house is worth with a reverse mortgage, and leave my heirs with debt.”

Incorrect! A HECM (Home Equity Conversion Mortgage) reverse mortgage is insured by the Federal Housing Administration. This insurance feature guarantees that you will never owe more than the value of your home when the loan becomes due. No debt will be left to your heirs. And if the loan balance is less than the market value of the home, the additional equity is retained by the homeowner/heirs (if the home is sold).

10/23/2019

Reverse Mortgage Myth #3 “There are restrictions on how I can use the money from a reverse mortgage.”

False! Reverse mortgage proceeds can be used in multiple ways. Among the most common uses are paying off an existing mortgage or other debt in order to have no monthly mortgage or debt payments; creating a cash
reserve; supplementing monthly income; paying for home improvements; or covering medical bills or long-term care expenses.

Call me at 916-716-8726 to find out more about reverse mortgages.

10/18/2019

Reverse Mortgage Myth #2 “A reverse mortgage
should only be used
as a last resort.”

False! Many homeowners age 62 and older are now using a reverse mortgage strategically as part of
a sound financial plan. For example, a reverse mortgage line of credit can serve as a cash reserve that you can tap as
needed. (And unlike a traditional Home Equity Line of Credit, the unused reverse mortgage credit line actually grows over time.)

Or, monthly advances can help you supplement other retirement income, so you can avoid withdrawing savings or liquidating invested assets. In any case, no monthly mortgage payments are required,* which can improve your
cash flow and help you live more comfortably. Jeff Beckman from Golden Bay Mortgage Group will
be pleased to work with you and your financial advisor to develop a solution that’s right for you.

10/17/2019

Reverse Mortgage Myths - #1 “A reverse mortgage requires giving up ownership of your home.”

This is False! As the borrower, your name remains on the title and the home is still yours—just as it would be with any mortgage. You’re required to continue paying real estate taxes, homeowner’s insurance, and providing basic maintenance to your home. Once you no longer live in the home as your primary residence, the loan balance, including interest and fees, must be repaid.* This is usually
done by the homeowner or their estate selling the house.