Life's golden years are a time of incredible opportunity for some and a time of nervousness and anxiety for others
If you've ever considered a Reverse Mortgage here are four questions that homeowners over the age of 62 might ask themselves:
Will I have enough money to last me the rest of my life?
What if my real estate tax bills continue to rise?
What happens if I need extended care?
Will my spouse be able to stay in our home if something happens to me?
The good news is that a Reverse mortage could help with every one of those concerns. Some seniors lament the fact that they would not be leaving their equity to their children. The Seniors today and all of the Babyboomers retiring soon will be outliving the generations before them and therefore should be using thier equity differently.
Reverse Mortgages are government insured, tax free income mortgage product for as long as you live in your primary residence. There are no restrictions on how you can draw or spend the money you receive. You can choose a lump sum, use it as a line of credit or receive scheduled payments. The best part is you are not required to pay it back until you permanently leave the residence.
Reverses are for pepole who want to age in place. Do you love your yard, the trees and the birds? Then stay there, age in place and do it with financial peace of mind.
Free free to call me for a free brochure or inquiry as to your eligibility 401-275-2020 x102