Kimberly Cox-Wagner - Loan Officer NMLS #1869479

🏃‍♂️Happy Healthy Aging Month! Studies show that taking just 8,000 steps a day can significantly reduce your risk of death from all causes by 51%. It's time to lace up your shoes and get moving! Find ways to incorporate more steps into your daily routine, whether it's gardening, taking the stairs, or simply walking around the neighborhood.

HUD establishes minimum residual income requirements. These criteria are essential in the lender’s review process, ensuring that you, as a borrower, have sufficient funds to cover ongoing property-related expenses such as property taxes, homeowner’s insurance, and maintenance costs after obtaining a reverse mortgage.

Want to know what the minimal residual income requirement would be for you? Contact me today.

Are you looking for a way to enhance your financial stability during retirement? A reverse mortgage could be the solution you’ve been searching for. Swipe to see three of the many benefits a reverse mortgage offers, and explore how this unique financial tool can support your retirement goals.

💡Ready to learn more? Contact me today to see if a reverse mortgage is right for you.

Want to learn how a reverse mortgage could work for you? Contact me today to explore your options!

We honor the bravery of those who risked everything to help others and the enduring spirit of unity that emerged from the tragedy. Let’s never forget the sacrifices made and the strength shown.🇺🇸

Managing medical expenses can be a significant challenge during retirement. According to the 2018 Health and Retirement Study, 12% of the median retiree’s total retirement income goes towards medical expenses, and 25% of their Social Security benefits are spent on healthcare costs.

If you're looking for a way to ease this financial burden, a Reverse Mortgage could be the solution. By tapping into your home’s equity, you can create an additional source of income to help cover medical expenses and ensure your retirement years are as comfortable and stress-free as possible.

Take control of your retirement finances today. Contact me to learn how a Reverse Mortgage can work for you.



Source: https://shorturl.at/Bw3fN

Labor Day is a tribute to the contributions of all workers who keep our country moving forward. From the factory floors to the office desks, your efforts are the backbone of our nation. Wishing everyone a well-deserved break and a joyful Labor Day! 🌟

🤾‍♀️Life doesn't stop when you retire. Let's encourage our seniors to stay active and engaged. Happy National Senior Citizens Day!

Seeking professional advice is crucial for making informed decisions. Speaking with both a financial advisor and a Reverse Mortgage Specialist can provide you with comprehensive insights tailored to your unique situation.

A financial advisor can guide you on how a reverse mortgage fits into your overall financial plan, while a Reverse Mortgage Specialist can help you understand the specific details and benefits of the loan. Additionally, consulting with a legal advisor can clarify the legal implications and assist with estate planning.💫

🎉Happy National Financial Awareness Day! Did you know that nearly two-thirds of Americans view retirement as part of the American dream? But with 56% feeling behind on their retirement savings, it’s clear that planning for your golden years is more important than ever.

Join me in honoring National Financial Awareness Day by taking a moment to review your retirement plans and make sure you're on track to achieve your dreams.

For tips and insights on how to build the retirement you’ve always wanted. Read the article in the link.

62% View Retirement As An American Dream: Money Moves For Securing Your Golden Years | Bankrate Feeling behind on your retirement savings? You’re not alone. Fortunately, there are ways to boost your nest egg at any age. Here’s how.

Think about why you might need extra funds. If you're seeking to boost your retirement income, pay for healthcare expenses, or handle unforeseen costs, a reverse mortgage could be a viable option.

📌Want to learn more? Contact me today.

💡No, your loan balance can never surpass your home's value. A reverse mortgage is a "non-recourse" loan, meaning the lender cannot claim repayment from your income, other assets, or estate. The debt is secured solely by your property.

Contact me to learn more about reverse mortgages!

🙌Accessing your home equity through a reverse mortgage provides the flexibility to use funds for various needs, from supplementing income to covering unexpected expenses. One significant advantage is the elimination of monthly mortgage payments.

For retirees on fixed incomes, this feature can significantly reduce financial stress. With no monthly mortgage payment, retirees can allocate funds towards essential expenses like healthcare, emergencies, and daily living costs, enhancing their financial stability and peace of mind.

Curious about how a reverse mortgage can benefit your retirement? Contact me to learn more!

If your heirs want to keep the home after your death, they will have to repay either the full loan balance or 95% of the home’s appraised value, whichever is less.

📈Adjustable-rate reverse mortgages feature caps that limit how much the interest rate can change per period and throughout the loan's lifetime. This structure offers predictability and shields borrowers from sudden, significant rate hikes, as specified by HUD guidelines.
This predictability can provide peace of mind and financial stability for homeowners.

Curious about how a reverse mortgage can work for you? Contact me today to learn more!

🚀Empower your clients with a comprehensive understanding of their home equity options! Partnering with a Reverse Mortgage specialist can be a game-changer in your SRES business.

Expand your client base: Cater to seniors considering downsizing, offering them a potentially valuable financial tool.

Smoother transactions: Help clients leverage their home equity to facilitate a smooth transition to a new home.

Enhanced client satisfaction: Become a trusted advisor, providing solutions that address their financial well-being.

Together, we can ensure your senior clients have the information they need to make informed decisions!

Connect with me today to discuss a partnership and access valuable resources for your SRES clients.

🛩️Ready to see the world without breaking the bank? Here are some budget-friendly travel tips to help you explore new destinations:

Travel Off-Peak: Avoid the crowds and save money by traveling during off-peak seasons.

Book in Advance: Secure cheaper flights and accommodations by booking early.

Use Senior Discounts: Take advantage of senior discounts on flights, hotels, and attractions.

Stay Flexible: Be open to changing your plans for last-minute deals.

Consider Alternative Lodging: Look into home exchanges, hostels, or vacation rentals for affordable stays.

Pack Light: Save on baggage fees by packing only what you need.

Explore Free Activities: Research free local events and attractions to enjoy.

What are your favorite budget travel tips? Share them with us in the comments below!

📣Yes, you may qualify for a reverse mortgage even if you have an existing mortgage. However, the reverse mortgage must be in a first lien position, so any existing debt must be paid off. You can use funds from the reverse mortgage, your savings, or assistance from a family member or friend to pay off the existing mortgage.

Contact me and explore your options for financial flexibility with a reverse mortgage today!

🎉Happy 4th of July! Let's celebrate the freedom and opportunities that make America great. Wishing you a day filled with fireworks, laughter, and good company!

Retiring on a fixed income can be challenging, but with the right strategies, you can ensure a secure and comfortable retirement.🏠️

Key Tips:
Live on a Budget: Start now to adjust to a fixed income.
Tackle Debt: Reduce your financial burdens.
Seek Professional Advice: Partner with a financial advisor.
Emergency Fund: Keep some cash handy, but invest wisely.
Plan for Healthcare Costs: Prepare for rising expenses.
Choose the Right Retirement Location: Consider cost of living and taxes.

Read the full article in the link below.

Six Strategies for Retiring on a Fixed Income When your paychecks quit rolling in, will you be OK? Run through this pre-retirement checklist to see how ready you really are for life on a fixed income.

💜Did you know that over 6 million Americans are living with Alzheimer's disease? As our population ages, this number is expected to rise. Let's raise awareness and support research to find a cure. Together, we can make a difference!

💫Juneteenth is a celebration of freedom and resilience! Today, we honor the courage of those who fought for liberty and equality. Let's continue to work towards a future where every voice is heard and every dream is possible.

🔍️Unlike traditional home mortgage loans, a reverse mortgage allows homeowners to receive payouts from their home equity as a loan, which can come in a lump sum, fixed monthly payments, a line of credit, or a combination of these options. The loan is repaid using the proceeds from selling the home or from a refinance when the last borrower or eligible non-borrowing spouse vacates the property or passes away.

Ready to explore how a reverse mortgage could work for you? Contact me today!

Father's Day is a time to reflect on the invaluable presence of dads in our lives. Whether it's offering a listening ear, lending a helping hand, or being a beacon of strength, dads enrich our lives in countless ways. Wishing all dads a wonderful Father's Day surrounded by love and appreciation! 🌟

Seniors, looking to make a difference AND meet new people? Volunteering is your answer!✨

Meet new people, share your skills, and build lasting friendships with a common purpose.
Contribute to causes you care about and feel the joy of giving back to your community.
Volunteering keeps your mind active and engaged, fostering a sense of accomplishment.

There's a perfect opportunity for everyone! From animal shelters to soup kitchens to mentoring programs ‍ and environmental projects, find a cause that ignites your passion

Ready to share your wisdom and make a difference?
Search for volunteer opportunities near you.
Ask friends or family if they know of organizations seeking support. ️

Give back, connect, and rediscover the joy of helping others!

A reverse mortgage can help you buy a new home if you're considering downsizing or upsizing. This option, known as a HECM for Purchase, allows you to acquire a new home without taking on monthly mortgage payments. Keep in mind, you'll still need to cover property taxes, insurance, any applicable HOA dues, and maintenance costs.🏡

Interested in learning more about HECM for Purchase? Contact me today!