Realtor®
Did you know that if you are age 62 or older you can now purchase a new home using a REVERSE MORTGAGE?
A Reverse Mortgage Gives You The Following Benefits: INDEPENDENCE
You continue to own and live in your home.
LIQUIDTY
Receive monthly payments instead of making them.
SIMPLICITY
No income, credit, health or employment requirements are needed to qualify.
CHOICE
You may receive funds as a lump sum, in monthly installments,
as a line of credit or as an upfront sum plus monthly allotments.
SECURITY
Does not affect Social Security, pension or Medicare benefits.
All funds are TAX FREE.
With a Reverse Mortgage you
· Will NEVER make a monthly mortgage payment
· Will NEVER have to move from your home
· Will NEVER have to give up title to your home
· And you or your heirs to your estate, will NEVER owe more than your homes value (reverse mortgages are non-recourse loans).
Use a Reverse Mortgage on a NEW purchase, you can...
* The list goes on and on, as there are no restrictions on how you are allowed to use the funds. |
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