Services

Reverse mortgages (also called home equity conversion loans)
enable older homeowners to tap into their equity without selling
their home. The lender pays you money based on the value of
your home, the county you live in and the age of all owners on title
you may receive a lump sum, a monthly payment or a line of
credit. Repayment is not necessary until the borrower sells the
property, or permanently moves out. When you sell your home or
no longer use it as your primary residence, you or your estate
must repay the cash you received from the reverse mortgage plus
interest and other finance charges to the lender.

Most reverse mortgages require you be at least 62 years of age
and maintain the property as your principal residence.

Reverse mortgages are ideal for homeowners who are retired or
no longer working and need to supplement their income. Interest
rates are adjustable and the money is nontaxable and does not
interfere with Social Security or Medicare benefits. Your lender
cannot take your property away if you outlive your loan nor can
you be forced to sell your home to pay off your loan even if the
loan balance grows to exceed property value.

To receive more information click here and I will send you a clear
and concise 6 page e-booklet titled “Is a Reverse Mortgage right
for you” Along with a flow chart explaining the reverse Mortgage
processes in detail.