If you had $500K to buy a house... would you have wanted to know that your $500K could have bought a $700K without requiring a monthly mortgage payment?

Check out today's episode to learn more about this scenario.

Enjoy,

Mike & Team

This episode has the potential to change a lot of retirement lives!

Enjoy,

Mike Baltazar

mike@mikebaltazar.com

Super excited to share our Drive Time concept... and to do it on our 10th Episode to celebrate!

Thanks so much for subscribing to this podcast & sharing this valuable information.

To another 10 episodes!

Cheers,

Mike & Team

In the present real estate market that we are in, we absolutely must explore & share every opportunity with our clients and prospects. The HECM is a great program that sounds way too good to be true... but it is a real option for people 62 years or older!

Find out how you can "right-size" your senior clients who are on a fixed income and unable to qualify for a monthly mortgage payment.

Or learn how you can right-size your client while creating a $100K or $200K nest egg in the process.

Knowledge is truly power with the HECM. Get in the know!

Enjoy,

Mike & Team

I have always hated sales... so you may be wondering how I have been doing this for over 25 years?

I love to educate. I have enjoyed a lot of success with the simple approach to educate people and share with them their options. And with absolutely NO pressure whatsoever.

This can be a good and bad thing, as you will hear in today's episode.

What I often advise people is this... if it makes sense & if it can help you, then do it because things change and it may not be there when you need it most.

Enjoy today's episode.

Sincerely,

Mike & Team

520-490-9608

Life happens and is often unpredictable.

And even though we cannot predict the worst, we can plan and protect ourselves as much as possible.

The HECM is a great way to buffer ourselves from a lot of unforeseen financial circumstances that could cripple one's retirement.

Unfortunately, a lot of people wait for the unforeseen to happen before exploring the HECM option... and oftentimes too late. The HECM should not be treated as a loan of last resort, but as a tool to improve our retirement years.

This episode will address this and a couple other examples to consider.

Enjoy!

Mike & Team

520-490-9608

mike@mikebaltazar.com

This episode's title might confuse a lot of people at first. It is confusing because we are taught to "pay off the house" and then retire. What the real goal was to "eliminate having a house payment" and then retire. But what is forgotten is that the home is a monetary asset. It is worth thousands and thousands of dollars.

During our working years, we put our hard-earned money into one of 3 buckets: 1. savings, 2. retirement, 3. house (home equity).

We try to live off of our savings, put away money for retirement and buy a house to retire in. And if things go as planned, we we don't touch our retirement money or our home equity.

We are NOT taught that we can have a more comfortable retirement by using BOTH the money we put into our retirement AND the money we put into our home equity. We are not taught this because nobody taught our parents/grandparents that the HECM loan can convert a non-liquid asset with monetary value (home equity) into money that can be withdrawn with a phone call.

And if you didn't know this was an option... now you do!

Today's episode talks about how this can help retirees with fun expenses during retirement, and not-so-fun expenses but important ones.

Enjoy,

Mike & Team

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