Financial planning. The value of your home will move up or down regardless of the mortgage you have on it, if any. Why not rebalance some equity into other investments? See our example case studies for more options, or ask us, but one family pulled money out of their primary home to buy a 2nd home for cash near their grandchildren. No equity was lost – they just shifted it from one house to two, and enjoy a better quality of life to be near family.
Cash is King. It’s always better to have liquid funds available and not need it, than the other way around.
Clear out medical or other debts, and improve your quality of life. One couple had several thousands of dollars in dental work they’d put on a credit card, and were steadily paying down via social security, but that meant not visiting their children. With a reverse mortgage you’ll still leave the home to your kids if that’s what you choose, they’ll just have a small mortgage on it they can refinance or pay off.
Stay out of a Nursing Home. By planning ahead with retrofitting and in-home care when you’re further along and need some help, a Anaheim Reverse Mortgage can help you by freeing up cash for this.
Giving to family while you’re around to enjoy the transfer. A lot of well meaning families plan to leave their home to heirs – but by spreading this out over a number of years, you may be able to reduce the tax implications by staying below the annual gift-tax threshold, and you’re also able to have a hand in directing those funds toward grandkid’s college funds, travel together and more.
Next step: Schedule a free consultation with us about your Anaheim Reverse Mortgage and get some options. No pressure – just numbers to consider.
More about our city…
Anaheimย is a city in Orange County, California, located 28 miles southeast of Los Angeles. As of 2006, the city population was 342,410, making it the tenth-largest city in California and 56th-largest in the United States. Anaheim is the second most populous city in Orange County (behind Santa Ana) but largest in terms of land area, and it is known for its theme parks, sports teams, and convention center.
Founded by fifty former German families in 1857 and incorporated on February 10, 1870, Anaheim developed into an industrial center, producing electronics, aircraft parts, and canned fruit. It is the site of the Disneyland Resort, a world-famous grouping of theme parks and hotels which opened in 1955, Angel Stadium, the Honda Center, and Anaheim Convention Center, the largest convention center on the American West Coast. Its name is a blend of “Ana”, after the nearby Santa Ana River, and “heim”, a common Upper German place name compound originally meaning “home”.
One of the largest cities in Orange County, Anaheim’s city limits stretch from Los Alamitos in the West to the San Bernardino County and Riverside County lines in the East, and encompass a diverse collection of neighborhoods and communities. Anaheim Hills is a master-planned community that resembles South Orange County more than the county’s northern cities. West Anaheim is notable for its more mature neighborhoods dating from the 1950s, which comprise part of the continuous suburban sprawl extending from Los Angeles. The Anaheim Resort, a commercial district, includes Disneyland and the neighboring hotel and retail complexes. The Platinum Triangle, a neo-urban redevelopment district surrounding Angel Stadium, will soon be populated with mixed-use streets and high-rises. Finally, the Canyon is an industrial district north of the Riverside Freeway and east of the Orange Freeway.
