Is a Reverse Mortgage right for you in Pensacola Florida, until the Reverse Mortage was introduced in the market place there were only two ways to use the equity built up in your home. 
One was to sell the home and move out and two was to take out a loan which would require monthly payments, neither was a good solution. A Reverse Mortgage for practical reasons solved that. In Pensacola we have several lenders that would love to do a reverse mortgage.
With the Reverse Mortgage you didn't have to do either. A reverse mortgage is a loan which allows you to take the equity out of your home while continuing to live in it. You most likely never have to make a payment back until you die, sell the home or permanently move out. With a Reverse Mortgage, you may receive the money in a lump sum, a regular monthly cash advance or a creditline that allows withdrawals as needed.
There is no income qualifications because you do not have to make a payment back. So Is a Reverse Mortgage right for you in Pensacola Florida, it depends, on you. Did you know that you can even buy a Pensacola Home with a reverse mortgage. Find a home, buy with a reverse mortgage and use the money to make the payments.
Even though you receive a Reverse Mortgage, you still own your home, so the homeowner will still be responsible for property taxes, homeowner's insurance and routine upkeep of the home. 
Once neither of the homeowners live in the house as their primary residence the heirs may then sell the home and repay the lien. If there is money left it is given to the estate.
A Reverse Mortgage can be the answer to a your dreams. But be sure to check all options and truly understand the all there is to know before signing on the dotted line.
We have taken all the guess work out of using your Reverse Mortage in Pensacola Florida by making this list available as well as updates in your time frame. Just click the link or call.
Charles Stallions, CRS, CSP, CBR, CDPS, - 800-309-3414, a leader in real estate investing, buying and selling. Lead Real Estate negotiator for several investment clubs and investors alike throughout the US. Call Charles for a list of references before buying or selling what some consider to be their largest investment. The call is FREE, the Results are Priceless.
______________________________________________________________________________________________
THOUSANDS OF HOMES.... One Address www.charlesstallions.com
Comments(2)