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REVERSE MORTGAGES
See also: FHA Loans
As age increases, so does need.
Introducing... the mortgage that pays you!
For many senior citizens, it is very challenging to keep up with the financial pressures that exist in today's world. Aside from selling their home, the Reverse Mortgage is frequently the only way many seniors can cover their monthly expenses. Because of the rapid appreciation of homes in varying markets across the country, many of our country's elderly have been able to accumulate large amounts of equity in their homes. We're dedicated to helping seniors turn that equity into extra cash flow or "tax free" income.
A Reverse Mortgage is a government sponsored program that provides financial security and helps relieve the stress of coping with unexpected expenses. If you are 62 years or older and have equity in your home, a reverse mortgage can turn that equity into cash, a line of credit, monthly income or a combination of all three. Plus there are no required monthly mortgage payments and the proceeds are tax-free. There are no income or credit qualifications, so a Reverse Mortgage can be funded for someone who is in foreclosure or doesn't have any income at all. And best of all, you retain ownership of your property and you can live in your home for as long as you desire.
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