Show a Financial Advisor the benefits of a HECM when a client owns their home free and clear.
Create this Refinance HECM Tool Report:
- Enter Home Value > Enter $0 for current mortgage balance > Enter $0 Current mtg PI payment
- Select Two Options
- Option 1 > CMT Monthly Cap 5 > Enter lower Margin rate
- Option 2 > CMT Monthly Cap 5 > Enter higher Margin rate
- Click Next to create report