Happy Holidays & Gratitude

Christmas is a season not only of rejoicing but of reflection.
– Winston Churchill

‘Tis the Season to be Thankful, Grateful & Blessed

One of the great joys of the holiday season is the opportunity to say a heartfelt “Thank You”!

Thank you to all of you who allowed me to be of service, for all of the kind referrals, and all of the countless generous efforts, I am profoundly grateful.

I recently read an article, which shared the statistics below. Let’s take a moment to reflect on all of the amazing gifts and blessings that we all have in our lives:

IF you woke up this morning with more health than illness…
THAN you are more fortunate than the millions of people who will not survive this week.

IF  you have never experienced the danger of battle, the loneliness of imprisonment, the agony of torture, or the pangs of starvation…
THAN you are ahead of 500 million people in this world.

IF you can attend your church without fear of harassment, arrest, or death…
THAN you are more blessed than THREE BILLION people in this world.

IF you have food in your refrigerator, clothes onyour back and a roof over your head…
THAN you are richer than 75% of our world.

IF you have money in the bank, or even spare change in a dish someplace…
THAN you are among the top 8% of the world’s wealthy.

IF you can read this email…
THAN you are doubly blessed as there are over two billion people in the world that cannot read at all.

GRATITUDE
As each one of our days is truly a gift, and today will never come again, why not show your gratitude for all that you have by being a blessing to another.

 Be a friend
2  Encourage someone
3  Let your words heal
 Pay attention to another’s need
5  Lend a hand
6  Be kind

May this Christmas season help us to appreciate all of the love in our lives, and may its true meaning fill your hearts and home with an abundance of joy. 

Warmly, Cynthia Kee 

 

Add Flexibility & Growth To Your Retirement Planning With HomeSafe® Select

NEW PRODUCT RELEASE FROM FAR: 
The Jumbo HELOC Reverse Mortgage “HomeSafe” Select 

2018 has seen the introduction of a number of new reverse mortgage products.

One of the newest is ‘HomeSafe Select,’ an addition to the HomeSafe lineup from Finance of America Reverse (FAR).

Available for borrows aged 62+ in California (addition states expected in the future), the non-recourse, non-FHA reverse mortgage features an initial closed-end draw of 25% of the loan proceeds at closing. The remainder of funds is available to borrowers as an open-ended line of credit with a 5% internal rate of growth to be drawn and repaid at any time. Like the HECM, HomeSafe Select is a non-recourse loan.

To demonstrate how the product can be used, FAR provided the following example:

With HomeSafe Select, a 72 year old in California with an $800,000 home value and an $80,000 balance on the first mortgage may be able to receive $270,400 in proceeds after paying off the first mortgage versus receiving approximately $220,000 with the HECM. The borrower’s value in the line of credit could be $300,301 at the end of year three and $425,833 at the end of year 10.

ADDING FLEXIBILITY & GROWTH TO RETIREMENT  

According to FAR president Kristen Sieffert, “With HomeSafe Select, people can start planning for retirement today and also benefit from a growing line of credit that can be accessed when they need it.” She also believes it is a product that will bridge the gap between HECMs and proprietary products.

At the moment, HomeSafe is the only adjustable rate proprietary reverse mortgage on the market, with the open-end adjustable rate based on the Wall Street Journal 3-month LIBOR index.

ADDITIONAL FEATURES OF HOMESAFE SELECT
  • Availability for properties valued up to $10,000,000
  • Loan proceeds up to $4,000,000
  • No monthly or annual mortgage insurance premium
  • No pre-payment penalties
  • No FHA approval required for condos valued over $500,000
  • Open-end adjustable rate based on WSJ 3-month LIBOR index

Would you like to know if you can refinance your current reverse mortgage into the HomeSafe Select product? 
Contact me to see if refinancing is possible and will add additional cash and benefits.