Are
You Age 62+ and own a Home? If so, have you ever considered using a Reverse Mortgage?
There are NO Mortgage Payments with a Federally-Insured Reverse Mortgage, HECM
(Home Equity Conversion Mortgage).A
Reverse Mortgage is a national program which allows the homeowner access to their
equity in the form of cash, monthly income to the homeowner, or a combination
of both with the homeowner never making another loan payment for life. The
money the homeowner receives is usually tax-free and does not affect Social Security
benefits or Medicare (check with your financial advisor for your circumstances).
There
are very minimal credit requirements and no income requirements to qualify, borrowers
can even be in foreclosure and still obtain a reverse mortgage.
Use
our Reverse Mortgage Calculator by clicking here.
Use
Money for: - Generation
a lifetime income
- Paying
off existing mortgages/debt
- Helping
family in a tough time
- Offset
retirement losses
This is a privilege only for homeowners who are age 62 or older. Our
Government guarantee's - You
may safely access a portion of your home's equity
- You
own your home - not the bank
- You
never make a payment as long as you live in the home
-
You will never owe more than your home is worth.
New
higher limit!
Effective
February 17, 2009, US Government raised the reverse mortgage
limit to $625,500. This limit is good through 2011.
This higher limit means borrowes of Reverse Mortgages can
get more money than before. If you find that with the current
economic circumstances you must do something to protect your
way of life, this may be the perfect time for you to consider
the federally-insured reverse mortgage (HECM = Home Equity
Conversion Mortagge).
We
offer our service to multiple states:
We are approved to offer Reverse Mortgages for the following
states: California, Colorado, Florida, Hawaii, Idaho, Oregon,
Texas, Virgin Islands and Washington State.
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