Reverse Mortgage Strategies

in Sioux Falls, SD

YOUR HOME EQUITY, PUT TO WORK.

Real-world strategies for South Dakota homeowners 62 and older, each one a specific solution, fully explained.

Contact Jeff Buum

Cash flow

Eliminate Your Monthly Mortgage Payment

Use a reverse mortgage to pay off your existing mortgage at closing and retire the required monthly payment — for as long as you live in your home.

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Social Security timing

Bridge to Social Security

Use home equity to cover living expenses while you delay Social Security — letting your benefit grow toward the maximum at age 70.

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Aging in place

Age in Place in South Dakota

Fund home modifications, in-home care, and ongoing costs with a growing line of credit — staying in the home and community you know.

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Portfolio protection

Protect Your Investment Portfolio

Draw from home equity during market downturns instead of selling investments at a loss — protecting your portfolio and letting it recover.

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HECM for Purchase

Buy a New Home Without a Monthly Payment

The HECM for Purchase lets buyers 62 and older purchase a new home with a down payment and no required monthly mortgage payment.

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Retirement income

Create a Retirement Income Stream

Turn home equity into monthly income or a growing line of credit — without selling your home or adding a monthly payment obligation.

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Long-term care

Fund Long-Term Care

Use home equity to purchase long-term care coverage, fund a hybrid policy, or pay directly for in-home care — protecting liquid assets for the long run.

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Reverse Mortgage FAQs

Reverse Mortgage Glossay

Strategies involving Social Security timing, taxes, investments, Medicaid, or estate planning should always be coordinated with your tax professional, financial advisor, or attorney. Jeff provides mortgage education and financing, not tax, investment, or legal advice. He is glad to work alongside your existing advisors.

Not sure which strategy fits your situation?

Jeff listens to your situation first, then matches the strategy to your plan.

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Text Jeff

Prefer to call? (605) 321-7303

Reverse Mortgage Strategies

in Sioux Falls, SD

Eliminate Your Monthly Mortgage Payment

Bridge to Social Security

Age in Place in South Dakota

Protect Your Investment Portfolio

Buy a New Home Without a Monthly Payment

Create a Retirement Income Stream

Fund Long-Term Care

Not sure which strategy fits your situation?

Jeff Buum - Mortgage Lender, CRMS | Fairway Heartland

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