2016-04-03

Planning your client’s retirement is much like putting the pieces of a puzzle together to see the entire picture. Please enjoy using these powerful retirement calculators as you see if a Home Equity Conversion Mortgage (reverse mortgage) fits into your client’s retirement plan.

To see the impact of strategic withdrawls from a HECM on your client’s portfolio try our ‘what-if’ scenario showing retirement projections with and without a reverse mortgage here. Such a strategy may allow retirees to utilize funds from a HECM line of credit in a down market rather than selling a depreciated asset.

Thank you for using these tools. We encourage you to work with one of our qualified Retirement Funding Solutions Advisors to further discuss how we may partner with you in providing the flexibility of a HECM as part of an overall retirement plan.

Portfolio Without Mortgage Payment

Clients often wonder what their financial situation would look like without a mortgage payment. When a traditional mortgage is replaced by a HECM, debt service is eliminated. This calculator illustrates how a retirement scenario is improved by exchanging a mortgage for a HECM.

Calculate Projections

HECM For Purchase Calculator

The HECM for Purchase Calculator estimates the money you might receive from a Home Equity Conversion Mortgage for Purchase. You must be 62 years of age or older.You must intend to live in the new home as your primary residence and occupy within 60 days of closing.

Calculate Estimate

Social Security Benefits Retirement Estimator

The Retirement Estimator gives estimates based on your actual Social Security earnings record. Please keep in mind that these are just estimates. We can’t provide your actual benefit amount until you apply for benefits.

Calculate Estimate

Retirement Projections With and Without HECM Monthly Draws

This calculator illustrates how scheduled monthly draws from a HECM improve a portfolio(not subject to volatility). This calculator is not intended for consumer use and is provided to financial services professionals to demonstrate one possible use of a HECM.

Calculate Projections

Reverse Mortgage Calculator

This calculator estimates benefits you might receive from the federally-insured “Home Equity Conversion Mortgage” (HECM) reverse mortgage program. In order to obtain one of these loans, you and your co-borrower (if any) must be at least 62 years old.

HECM Calculator

Social Security Benefits Calculator

Benefit estimates depend on your date of birth and on your earnings history. For security, the “Quick Calculator” does not access your earnings record; instead, it will estimate your earnings based on information you provide. So benefit estimates made by the Quick Calculator are rough.

Calculate Benefits

Detailed Social Security Calculator

The Detailed Calculator is a comprehensive benefit calculator which is designed to compute historical benefits as well as estimate future benefits. It produces the Social Security benefit for an old-age, survivor, or disability claim, given the characteristics of a particular worker.

Calculate Benefits

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