Courtesy of Beth Stenzel & Roger Stenzel; Mortgage Consultants with Integrity Associates

Reverse Mortgages have caused a lot of "buzz" lately and maybe you've wondered what are they all about? Well, we've go the answers for you. And it might be great news for anyone over 62 years of age that would like a mortgage with no monthly payments to make and no credit qualifying. That's right, with a Reverse mortgage you borrow the money you need and you don't make a single payment until you sell the home. The interest on the mortgage is added to the principle balance so your mortgage balance grows over time.

You can choose to receive the loan proceeds in several ways: a lump sum payment, monthly payments sent to you each month or a combination of both. This is a great loan program for borrowers on a fixed income with equity in their home but who are unable to sell or wanting to stay in their home. Best of all, there is no credit qualifying so the income, debts and credit history of the borrower isn't taken into account.  This will help borrowers who may have struggled to make ends meet and wouldn't qualify for a traditional mortgage.

To find out more about this great loan product or other financing options be sure to call Beth Stenzel & Roger Stenzel,"Your Local Home Town Financing Team".  

Click Here for our Contact Information and to Find Out More About Us:  http://activerain.com/rstenzel