Show a Financial Advisor the benefits of a HECM when a client has a mortgage to payoff.
Create this Refinance HECM Tool Report:
- Enter Home Value > Enter $ current mortgage balance > Enter $ Current mtg PI payment
- Select Single Option > CMT Monthly Cap 5 > Enter Margin rate
- Click Next to create report
Watch Tane's video on selling HECM benefits to a Financial Advisor whose client has a mortgage to payoff.
- add video - comment- start with single option, cmt 5, then go to two options with same margin to compare cash at closing and equity position over time?