Reverse mortgage funds can be used to achieve retirement goals to “age in place” and increase cash flow, or fund home care, with no required repayment on balance of funds used until the last Borrower no longer lives in the home, up to age 150 - regardless of equity. Borrowers must keep current with property taxes, insurance and maintenance on their home.

Monetize home equity using the FHA Home Equity Conversion Mortgage plans and options which may include a lump sum, monthly supplements, and/or an equity line of credit, depending on FHA plan regulations. Funds are based on 3 factors: age, home value and the current interest rate.

Purchase a home and save your cash by using an FHA Home Equity Conversion Mortgage for your home purchase that typically requires 45%-65%* of the sales price down at closing, while the reverse mortgage covers the rest. * This is an estimated range. Please call for current pricing.

Using an FHA Home Equity Conversion Mortgage to payoff liens on the property per FHA regulations will increase cash-flow for living expenses or home-care. A Financial assessment is required for approval to ensure sufficient income is available to pay maintenance, property taxes and homeowners insurance for the Borrower(s) expected lifetime.

Assistance in choosing the best FHA insured plan to monetize a percentage of the home equity to be available on an equity line. Draws are income tax-free*, although property tax, insurance and maintenance is required just as with any mortgage. *Consult a tax advisor for effect on taxes.

Retirement should be a time to relax and enjoy the rewards of your hard work. Explore options to increase your monthly cash flow as an integral part of your retirement plan to be sustainable over your expected lifetime. We work along with your financial advisor, attorney, or realtor. Call to find out how integration of home equity can make your cash flow last longer.

Conflicting views between spouses, or disagreements between parents and adult children, often stem from financial stress. Understanding Reverse Mortgage options may provide the flexibility to compromise on financial issues such as: debt, longevity, housing, or division of equity into separate households. Call for a wholistic approach and solutions that are fair to all parties at the table.

Gray divorce" refers to the phenomenon of couples divorcing later in life, typically after age 60 or during their retirement years. Splitting assets can destabilize the "three-legged stool" of retirement planning. Working with each client and their respective attorney, Reverse Mortgage Julia Atherton Railey is qualified to offer compromises that can include housing options, reducing debt, or increasing income for both parties.