The Jumbo Reverse Mortgage

If your primary residence is worth - One, two, three, four million dollars - or more And you are over 62 and plan to keep it as your primary residence - Persons who own homes worth 7 or 8 figures have discovered how to access huge amounts of tax-free cash without jeopardizing their home ownership and with NO mortgage payments as long as it is their primary residence. This doesn't have to do with financial need — it has to do with leveraging and repositioning an existing asset to realize benefits. Many persons today are using the reverse mortgage to convert a portion of their "phantom equity" (gained through inflationary appreciation) into hard-assets, foreign-currency backed investments, etc.

Click to read 12/12/05 article

Tax-Free Cash — Found Money How much sense does it make to "sit on" hundreds of thousands or millions of dollars that you cannot access, use, enjoy, or otherwise invest? Unless you intend to sell your home, the equity will stay with the property because YOU CAN'T TAKE IT WITH YOU. The time to enjoy one's financial resources is when one is living and healthy enough to do so. Not one cent of repayment is required as long as the home remains the primary residence of either current homeowner. (Toll-Free) 1-800-998-2523 Stewart Ogilby

Other Considerations: When you eventually sell your house you could owe taxes. Single taxpayers can exclude $250,000 of gains on every sale, and married taxpayers filing jointly can exclude $500,000. The method of holding title doesn't matter. Title can even be held in a revocable living trust, as millions do, to avoid probate. You can take that deal every two years. What about homeowners who have watched their homes soar in value over the past years? Even a one million-dollar profit dwindles when a single person can exclude only $250,000 of gain. If you're thinking of your family home as a significant part of your retirement fund, consider a Jumbo Reverse Mortgage, which allows you to withdraw huge gains tax-free as long as you live.

Estate Planning 101 Do you own real-estate?     Other significant assets?     Understand Probate ? Have a Will or A Living Trust ?

Consider the jumbo reverse mortgage for estate planning purposes. In this scenario, a wealthy couple withdraws equity from their home and gifts the funds to children or grandchildren through Section 529 college savings plans or outright, thereby reducing their estate. They also fund an irrevocable insurance trust (ILIT) to purchase a "second to die" life-insurance policy. Trust ownership keeps the insurance out of their estate. When the couple dies their children receive the life insurance proceeds, enabling them to pay off the reverse mortgage and keep the house, if they wish. If they elect not to retain the house, they simply keep the life insurance cash plus the retained equity after the sale of the property. Mom and Dad enjoyed the difference during their lives! Let Us Help You: RMS has teamed with Financial Freedom to offer the Jumbo Reverse Mortgage in Florida. We will gladly walk you through and assist you with any questions regarding the Jumbo Reverse Mortgage. Please call us toll free at 1-800-998-2523 to discuss your individual situation. We are here to help you and your accountant and other advisors, if any, with information about using a Jumbo Reverse Mortgage and receiving the funds promptly. Give us a call or fill out a no-obligation jumbo reverse mortgage analysis form. We understand and have experience with the Jumbo product in addition to reverse mortgages applicable to most homes. For typical case-histories of persons using the Jumbo Reverse Mortgage, click here. To discuss details of available jumbo reverse mortgages, contact Mr. Stewart Ogilby -

Serving all of Florida 1-800-998-2523