Gary Zimmermann

FHA Loan Officer

Approved FHA LenderNMLS # 54024 Corporate #6666

WHO Are We?Over 15 years in

Marshfield, Wisconsin#1 Local Reverse

Mortgage Lender In Wisconsin

Dedicated Staff Experienced in Reverse Mortgages

BBB Accredited Business with A+ Rating

1st Lender outside of Milwaukee to offer RM eight years ago!

Tax Free Cash from Equity 50-80%Never a Monthly PaymentNever Owe More than Home Value --- FHA

Guarantee

Age 62 or OlderFHA Qualified Home3 Payment plans– Lump Sum, Credit Line,

Monthly payments, Fixed and Adjustable Rates 3-5% -- varying closing costs

•You Keep The Title To Your HomeYou Keep The Title To Your Home

•The Cash You Receive Is Tax FreeThe Cash You Receive Is Tax Free

•Your Social Security And Medicare Your Social Security And Medicare Benefits Will Not ChangeBenefits Will Not Change

•You Make No Payments As LongYou Make No Payments As Long As You Occupy Your HomeAs You Occupy Your Home

•No Income Or Credit To QualifyNo Income Or Credit To Qualify

•No Medical RequirementsNo Medical Requirements

DOES NOT require good credit to qualify

NO repayment during the life of the loan

DOES NOT require repayment untilThe last living borrower

permanently leaves the homeBorrower chooses to sell the

property

Did you know that about 98% of homeowners over 62 have never responded to the TV ads featuring:

Robert WagnerFred ThompsonAnd Henry Winkler?

WHY?Not Knowingand Not Understanding how to use the Tool.We Use the TEAM Approach.

A Paradigm shift is a change in one’s perspective or thinking

Garage Door Openers

The Old Days: A Reverse Mortgage

is for People who are in financial distress.

Wall Street JournalThe Loan of Last

Resort

5 THINGS YOU DON’T KNOW THAT CAN HURT YOU!

1. I Will Lose My Home!2. The Government Will Tell Me What to

Do!3. A Reverse Mortgage is Way Too

Expensive!4. My Kids Won’t Like This—They’re

Going to Get Hurt!

Turn on the Light!

The Deed to Your Home Stays With Your Home– You will NEVER give up ownership.

You are responsible for maintenance, real estate taxes, and homeowners insurance. If you wish to move or sell your home, you can do so at any time. BUT, we can never ask you to move early as long as you maintain, insure the home and pay taxes.

Reverse Mortgage Closing Costs Have Dropped!

1. Lower Fixed and Adjustable Rates

2. Optional Waived Mortgage Insurance Premium

3. Paid with Equity NOT Cash

The Kids Won’t Like It!

1. Maximum Inheritance

2. Percentage of Kids Who Move In

3. Good Kids Bad Kids

Retirement is a change in philosophyIt is a change in SpendingCash Flow Immediately and Continuously

Impacts the Nest EggIt is Quiet and DeceptiveTaxes, Maintenance, Insurance, Mortgage

Payment etc.

Real Estate

HomeSS

PensionPT Work

Income

401KIRANest Egg

HECMs are Simple Financial Tools That Convert Equity into Cash. Equity is Good, Cash is Great!

A Little Bit Like Installing a Special Faucet on the Side of Your Home

The only value of equity is for the future. You will gain nothing from putting money into equity today!

If equity is designed to pass on to your children then give it to them in a more valuable, predictable, form.

Example:

Mortgage Payment of $800 per month is $96,000 over 10 years

Will create varying amounts of equity depending on amortization schedule

Guaranteed to lose $96,000 in cash flow!

I can make my payments

I don’t need the money

Wait until I am a little older

When house values go up

When I run out of money

Estate Planning with Medicaid in Mind

Life Insurance New ProductsSimilar to a 401k or IRA Nursing Home and Medicaid IssuesEarly GiftingCharity TransfersGeneral LiquidityPass Wealth with Wisdom

Vacations and TravelExisting Mortgage

and TaxesCars, Bikes, and

Motorhomes2nd HomesHealth CareHome RemodelingCollege Tuition

Estate PlansWealth Transfer and

GiftingCharity/DonationsFuneral – Memorial

StonesLife Insurance/

Annuities

Wills TrustsMarital AgreementsTitling of AssetsEstate PlansBusiness and Farm

Transfers

Probate PreventionMedicaid RulesUnintended

ConsequencesProfessional Advice

and DiscussionEmotion Vs. Facts

My Parents– Orderly VS Disorderly

Most adult children favor parents RMExcellent Client Satisfaction—over 90%

positive after 1 yearMost Seniors Thank Advisors For Referrals to

Reverse MortgagesMany Reverse Mortgages are Life ChangingThe Ultimate Gift and Early Gifting Passing Wisdom with Wealth

FHA guarantees No repayment of the loan until the last borrower moves out, sells or passes away

When you move out of your home, you or your estate has up to12 months to repay the loan.

No penalty for early payment

This loan is a non-recourse loan (If the balance on the loan exceeds the home value, HUD/FHA makes up the difference!)

Heirs or estate keep any excess proceeds from the sale of the home

1. Uncertainties of The Real Estate Market2. Uncertainties of Health/Nursing Home3. Low Interest Rates4. Economy Fluctuations5. Estate Planning6. Early Gifting7. Fun and Enjoyment – Rainy Day

Protection From The What If’s

You can buy a new home without selling your old one

Buy that Lake home that you thought You couldn’t afford!

Buy that Condo in Florida that is about half price.

Time to downsize…buy a condo or smaller home, but never make a payment and invest the difference with your financial planner

1. Home Values Are Going to be Volatile

2. Interest Rates Will Go Up resulting in LESS CASH out of the mortgage

3. Inflation Will Increase Prices.4. Tax Rates Will Go Up5. Congress Will Change the Rules

Help us evaluate your financial situationBegin with the End in Mind -- TEAM

approach

A few simple questions we askDo I want to live in my house as long as

possible or move to another home?How much equity do I have in my home?Could my family and I benefit from extra

cash or income now?Does my estate plan really account for my

home?What am I eligible for and how will it

change my life or my children’s life?

???

Thank YouPlease contact us for a free consultation:

Envoy Mortgage, L.P. Licensed by the Dept. of Corporations under the Ohio #MBMB.8500025.000 IN #10898 KY #MC23382

Residential Mortgage Lending Act, , NMLS #6666, This is not a commitment to lend and collateral subject to approval

 

Enjoy Retirement – You’ve Earned It

Don’t Lose What You Have Worked so Hard to Create….