Real estate blog entries tagged with reverse mortgage by Michael Sally - Victory Lending Group (Victory Lending Group)

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Home : Blogs : Michael Sally - Victory Lending Group : Michael Sally - Victory Lending Group - My Blog : Tag "reverse mortgage"

reverse mortgage: Reverse Mortgage - The Tax Free Option for Older Individuals to Tap into Equity - 08/13/07 10:29 PM

I recently began to working on reservse mortgages...interesting and a great financial tool for those with equity, who need or want tax free money from their equity. Funds received from this loan DO NOT affect Social Security or Medicare benefits (However, certain benefits, might be affected). The homeowner is required to continue to pay the annual property taxes and homeowners insurance.
What is a reverse mortgage?
Well, it is a non-conventional loan that allows individuals 62 or older to convert some of their equity into tax free funds. No repayment is required until the property is no longer a residence. The loan can … (0 comments)

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Michael Sally - Victory Lending Group

McMurray, PA

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Victory Lending Group

Address: 608 E. McMurray Road, Suite 206, McMurray , PA, 15317

Office Phone: (877) 562-6643 x 202

Cell Phone: (412) 389-1049

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Michael Sally - Victory Lending Group: I will write original, thoughtful, educational posts to assist those who seek financing or work with a mortgage specialist. From time to time I will post my experiences of working on deals. Please feel free to comment. Thank you. Visit Michael Sally – Victory Lending Group

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