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We will send you the link to the webinar after you register below.
Take Advantage of the Equity
Don’t make your Reverse Mortgage decision before watching the free webinar.
What others are saying
If keeping your “golden years” golden seems like a greater challenge than ever before, perhaps you should consider a Reverse Mortgage.
What is a Reverse Mortgage?
A Reverse Mortgage is a government-insured loan program, available only to those who are 62 years or older which allows them to turn the equity in their homes into cash. You receive cash for 50% to 70% of the appraisal value of your house and do not have to pay it back in your lifetime. You can use the loan to pay off your existing mortgage, eliminate debt, or simply improve the quality of your life during your golden years. No more monthly home loan payments!
How is the debt repaid?
The debt is taken on by your estate. A REVERSE MORTGAGE is paid off in various options such as refinancing or a loan.
Payout Options
Lump Sum: You would receive the full amount of the loan several days after closing
Monthly Payouts: You would receive a monthly payout each month
Line of Credit: You would receive a payout only when you request one
What’s next?
If you would like to learn more about the free reverse mortgage webinar or if you are 62 years of age or older and want to take advantage of the equity in your home then hit the register button.
Who is this webinar for?
There are three major scenarios where this webinar would be worth your time.
1. You are someone 62 or older (or about to turn 62) and are looking to reduce expenses during retirement.
2. You are ready to enjoy your Retirement Years but are concerned about your living expenses.
3. You are the child of a parent(s) who is over 62 and is looking for additional funds to assist with retirement.
REGISTER FOR FREE WEBINAR
We will send you the link to the webinar after you register below.
Borrowers must be age 62 or over, and the home must be their primary residence. Homeowners must complete counseling with a government-certified counselor before applying. Homeowners must pay property taxes, insurance, and homeowner’s association dues. Consult a tax professional for tax consequences. A reverse mortgage is a loan that must be repaid. The loan amount is based on the equity in your home. Payout is available in a lump sum or regularly scheduled payments. Proceeds will not affect Social Security or Medicare Benefits. There’s no need to repay the loan as long as you continue to live in the house, maintain the property to FHA standards, and maintain the upkeep of the home. This is not a commitment to make a loan. Loans are subject to borrower and property qualifications. Interest rates and program guidelines are subject to change without notice.
A Word of Caution
A major trap people often fall into is seeking advice from someone not qualified to give that advice. You must be careful who you seek advice from.
Everyone’s financial income and requirements are different. That means the solution for each person may be different. Different factors and variables play into our decision-making process. Your age, income, debt, payments, health, etc., all influence decisions. No two families are the same. Just because one scenario works for someone doesn’t mean it fits you well.
You should seek competent advice from a trusted Mortgage Specialist who can help you understand your options.
You cannot base your financial decisions on someone else’s situation.