Common Boise uses: remove a required monthly mortgage payment, set up a growing line of credit, plan for medical or in-home care, and fund accessibility upgrades. The key is choosing the right payout mix for your goals.

1. Eliminate a Required Mortgage Payment: Free up monthly cash flow by paying off the existing mortgage with reverse proceeds.

2. Set Up a Growing Line of Credit (Standby Reserve): Leave funds unused so the HECM LOC grows over time. Draw only when needed.

3. Fund Accessibility & Aging-in-Place Upgrades: Bath remodels, ramps, lighting, roofing—projects that keep you comfortable and safe.

4. Create a Medical or Care Reserve: Cover copays, equipment, or in-home support without scrambling cash.

5. Time Market Withdrawals: Use LOC during market dips to avoid selling investments at lows (coordinate with an advisor).

6. Property Tax & Insurance Buffer: Budget predictably for large, infrequent bills without adding a monthly payment obligation.

7. Family Flexibility: Provide limited, planned support to loved ones—without straining monthly cash flow.

Picking Your Payout Mix

• LOC-first if you want flexibility and growth.

• Small initial draw + LOC for near-term projects plus reserve.

• Monthly payout if you prefer predictable cash flow.