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Mortgage Help
Read
this FREE
REVERSE MORTGAGE GUIDE and learn the facts.
Learn how to eliminate your mortgage payment forever and get
a paycheck instead. Getting a reverse mortgage gives you monthly
income so you can do more things and live more comfortably.
The best part about reversing your mortgage is
you own your home - not the bank - and the money you receive
is tax-free. Find out how much you qualify for
and get
a free reverse mortgage quote now! There is no
obligation.
Click
now and talk to a professional if:
- You
want to know the current reverse mortgage rate
- You
want to know if you qualify
- You
want to know if a friend or loved one is eligible
- You
want to know how reverse mortgages work
- You
want to know how much money you could make by reversing
your mortgage
- You
want to make sure you are working with a legitimate company
that adheres to government and industry standards
Frequently
Asked Questions
About Reverse Mortgages
Who
can apply?
Any homeowner over the age of 62 can
apply for a reverse mortgage. You must also live in the home
as your primary residence. Once you qualify, you no longer
have to pay any mortgage payments.
How
do you apply?
The application process is the same
as any other loan. You must provide personal and financial
information to the lender.
What
if I currently have a home loan?
If you currently have a loan on your
home, that loan will be paid off with your new low rate reverse
mortgage loan. This will eliminate any current mortgage payment
you are paying. Then, if you have additional equity, you can
access that money without paying taxes on it.
What
if my home is paid off?
If your home is paid off, you can take
out a reverse mortgage and get access to the equity cash you
have built in your home. You can get your equity cash in one
of four ways:
1. You can get monthly payments made to you
2. You can get one lump sum amount
3. You can get a line of credit to be used as you please
4. You can choose a combination of the above
Will
I still own my home?
You will continue to be the owner of
your home. As a reverse mortgage borrower, your name will
still appear on your property's title. You will also continue
to be responsible for property taxes, insurance and repairs.
What
can I do with the money I receive?
You can pay for anything you want with
money received from reverse mortgages. Whether you want to
have additional monthly income, you want to pay for bills
or medical expenses, or you just want some extra cash to do
something special, a reverse
mortgage can give you immediate access to your money. |
