Refinancing Your Home and Retirement in Seattle In the US today, a couple’s retirement savings falls nearly 42% short of covering their living expenses. So, the question arises, is being mortgage-free by the time you retire a reasonable goal? In reality, your home mortgage will probably be your most powerful financial tool when you retire. But we need to be clear about this. We’re not talking about reverse mortgages though they may have a place in some people’s portfolios. Cash-Out Refinancing First and foremost, refinancing your home with cash out helps you avoid using money from your insurance policies, investments, or retirement plans. Second, a consolidation refinance loan enables you to eliminate bills such as auto loans, credit cards, secondary property mortgages by lumping everything into one monthly payment. Finally, unlike prior generations, many members of the retirement generation are paying their children’s bills as well as their own. The Bottom Line Just as times have changed, so have financial models. Mortgage-burning parties are past history. You don’t want to be a burden to your children and have worked tirelessly your entire life. You deserve an enjoyable retirement. Blue Square Mortgage 4212 33rd Ave W Seattle, WA 98199 206-352-6453 Hours: Monday-Friday 7am-6pm https://www.google.com/maps?cid=1728001048712065545 https://local.google.com/place?id=1728001048712065545&use=posts&lpsid=2556972052941548308