Living a better life.

Living a better life.

Reverse mortgages can be used for many reasons. Some are serious and help seniors in cases of emergency situations. Other reasons are more personal. The most personal of all is the reason that you are simply doing it for YOURSELF.

I can’t wait until I am 62 and can have my home support my interests. I will put the money in the credit line and enjoy the fruits of my home’s equity working for me.

With my equity in a credit line, at today’s interest rates and county limit, I will have about $9,000 a year in growth on a credit line that I will NEVER have to pay back. This is not money that will hurt my credit line. This is not money that will lower my available equity, its just money for ME.

Here is what I would do with that money for the first two years.

Year 1:

Diamondback Baseball Game (Front Row 3rd base Box) : 4 Tickets $800

A Luxury Car on the California Zephyr (An entire train car Chicago to San Francisco) : $4,000

Cash to eat fresh, healthy food every night : $2,500

Gym membership : $500

A really nice Christmas Gift for that someone special $1,000

Year 2:

Travel to Germany and rent a Porsche 911 Turbo Carrera GT2 for the Autobahn : Travel $2,000 : Car Rental $3,200

Stay In Europe for an extra month : $3,000 (Spontaneous)

You see, in my mind, being 62 is not old, its a time for my dreams to come true.

In this scenario I just spent two wonderful years with memories that will last the rest of my life, and my credit line on my home is the same as it was when I started…..and no mortgage payments.

What a great life….What a great country.

Bob

bob@az62.com

623-214-6663