Robinson Smith’s Post

The Smith Manoeuvre in the news...Forbes this time. Generate tax deductions, build an investment portfolio, get rid of your mortgage faster. #Forbes #taxes #taxplanning #mortgagetips #mortgagerates #investment #investing #realestateagent #mortgage #homesweethome

Thinking about a reverse mortgage? It's an option for retirees to convert home equity into cash, useful for various needs. Homeowners retain their home but should consider the impact on equity and inheritance. Eligibility is based on age (55+), equity amount, and residency. Benefits include receiving tax-free income without needing to repay monthly. Drawbacks are high costs and the potential risk of foreclosure. It's crucial to weigh these factors and consider alternatives like home equity loans. Deciding requires careful planning and consideration of your financial future. 🏠💡 #ReverseMortgage #FinancialPlanning

Thinking about a reverse mortgage? It's an option for retirees to convert home equity into cash, useful for various needs. Homeowners retain their home but should consider the impact on equity and inheritance. Eligibility is based on age (55+), equity amount, and residency. Benefits include receiving tax-free income without needing to repay monthly. Drawbacks are high costs and the potential risk of foreclosure. It's crucial to weigh these factors and consider alternatives like home equity loans. Deciding requires careful planning and consideration of your financial future. 🏠💡 #ReverseMortgage #FinancialPlanning

Unlike traditional mortgages, which usually have terms of 15 to 30 years, reverse mortgages do not have fixed term lengths. The loan must be repaid if the homeowner permanently leaves the home, either by selling it or in the event of their passing. 🔑Want to learn more about how reverse mortgages work? Contact me today for more information! #ReverseMortgage #HomeEquity #MortgageOptions #FinancialPlanning #SeniorFinance #RetirementPlanning

Unlike traditional mortgages, which usually have terms of 15 to 30 years, reverse mortgages do not have fixed term lengths. The loan must be repaid if the homeowner permanently leaves the home, either by selling it or in the event of their passing. 🔑Want to learn more about how reverse mortgages work? Contact me today for more information! #ReverseMortgage #HomeEquity #MortgageOptions #FinancialPlanning #SeniorFinance #RetirementPlanning

Unlike traditional mortgages, which usually have terms of 15 to 30 years, reverse mortgages do not have fixed term lengths. The loan must be repaid if the homeowner permanently leaves the home, either by selling it or in the event of their passing. 🔑Want to learn more about how reverse mortgages work? Contact me today for more information! #ReverseMortgage #HomeEquity #MortgageOptions #FinancialPlanning #SeniorFinance #RetirementPlanning

Unlike traditional mortgages, which usually have terms of 15 to 30 years, reverse mortgages do not have fixed term lengths. The loan must be repaid if the homeowner permanently leaves the home, either by selling it or in the event of their passing. 🔑Want to learn more about how reverse mortgages work? Contact me today for more information! #ReverseMortgage #HomeEquity #MortgageOptions #FinancialPlanning #SeniorFinance #RetirementPlanning

Unlike traditional mortgages, which usually have terms of 15 to 30 years, reverse mortgages do not have fixed term lengths. The loan must be repaid if the homeowner permanently leaves the home, either by selling it or in the event of their passing. 🔑Want to learn more about how reverse mortgages work? Contact me today for more information! #ReverseMortgage #HomeEquity #MortgageOptions #FinancialPlanning #SeniorFinance #RetirementPlanning

REASONS TO TAP INTO HOME EQUITY. 💰 Share this post or save it for later. 📌 There is power in owning property 🏠 and building equity. Over time as you pay down your mortgage, there is a portion of your payment that goes back into your pocket also identified as equity. Home equity is the difference between the current home value of your home and the outstanding balance of your mortgage. When can you tap into this equity? 💸 If you are someone who has accumulated some debt, tapping into your home’s equity can offer a lower-interest option that using credit cards 💳 or personal loans. Or perhaps you want to use some of that equity to buy an investment property and build additional wealth. Borrowing against your home equity isn’t the right choice for everyone. However, when used wisely, your home equity can be a powerful tool to help you build or strengthen a strong financial foundation. 🙂 #equity #homeequity #mortgage #heloc #finance #financialplanning #financetips

Unlike traditional mortgages, which usually have terms of 15 to 30 years, reverse mortgages do not have fixed term lengths. The loan must be repaid if the homeowner permanently leaves the home, either by selling it or in the event of their passing. 🔑Want to learn more about how reverse mortgages work? Contact me today for more information! #ReverseMortgage #HomeEquity #MortgageOptions #FinancialPlanning #SeniorFinance #RetirementPlanning