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Construction and save up to 3%

Sell a Home & Buy a Pre-Owned
Home and save up to 2%

Rent or Lease an Apartment
and get up to $500 Rebate

Buy a New Construction Home
in Texas & Save up to 2%
Sell a Home in the Houston
Area & Save up to 1%
Buy a Pre-Owned Home in the
Houston Area & save up to 1%
 
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 Jill Aylwin Realtor Texas Cash Back Real Estate

Jill Aylwin - Real Estate Broker, Realtor, MBA
Contact Us
 Realtor MLS
    Ph: (281) 334-CASH

  Assessing Your Financial Needs and Goals

 

A good way to begin deciding whether a reverse mortgage might be right for you is to evaluate your financial needs using the following steps:

Step 1: Evaluate your financial position. Prepare a financial statement to gauge how much money you have on hand and how much you owe. You calculate your net worth by subtracting your debts from your assets.

Step 2: Prepare a cash flow statement. This will tell you how you're spending your money.

Step 3: Draw up a 12-month budget showing all the income you expect to receive and how you plan to spend it. This will indicate whether you will need additional funds in the future. Be sure to include enough money to pay your everyday expenses, which may include:

  • food and other basic necessities;

  • prescription drugs or other medical and dental costs not covered by insurance;

  • home maintenance expenses, such as repairs; and

  • utilities, taxes, and various types of insurance.

Next, think about your financial goals. Your long-term financial goals may include:

  • maintaining your housing arrangements so you can stay in your home for the rest of your life;

  • establishing a way of paying for long-term health care expenses; and/or

  • increasing your income to pay for vacations or other recreational activities.

You may perform this analysis yourself, or with the aid of a financial advisor.

Either way, once you have a basic idea of your financial needs and goals in mind, you can then contact a lender to determine if a reverse mortgage may be right for you and the amount of funds that may be available from the loan.

 

Buy a Pre-Owned Home
in the Houston Area
and save up to 1%

 

Contact Us today -- Or --
Call us anytime at (281) 334-CASH

 

 
Buy a New Construction Home
in Texas & Save up to 2%
Sell a Home in the Houston
Area & Save up to 1%
Buy a Pre-Owned Home in the
Houston Area & save up to 1%
 

Texas Cash Back Real Estate
Jill Aylwin / Real Estate Broker, Realtor, MBA
Contact Us or Call: (281) 334-CASH

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