Have you ever thought about getting a Reverse Mortgage? What about your relatives or parents? How about a client? Reverse Mortgages are becoming more and more popular. They are a great away to build income after retirement or to supplement a current fixed income. Reverse Mortgages can be used to leverage the unused Equity in the home to invest the money from that equity into tax free investments, other real estate or to supplement a borrowers current income.

Many people have numerous misconceptions about Reverse Mortgages.

1. When a homeowner takes out a Reverse Mortgage against their primary residence they still maintain ownership of the home like they did before the loan.
2. They can use the proceeds for anything they want, no restrictions.
3. The money pulled out of the home is tax Free.
4. If they move from the home or sell it, the Reverse Mortgage gets paid off like any other loan.

To qualify for a Reverse Mortgage involves:

1. No credit checks
2. The home must have sufficient equity to qualify
3. Must be at least 62 years of age
4. Must be your primary residence

Our Reverse Mortgage Specialist, Jeff Johnson, gets most of his clients referred to him by Financial Planner, CPAs, and Attorneys. These professionals are recommending to their client to utilize the benefits of a Reverse Mortgage to either build their clients wealth or for increasing their clients monthly income. Remember, the money pulled out of the equity of the home is TAX FREE.

These loans are an EXCELLENT retirement planning tool for those with equity in their home.

Want more information, please give us a call. We would love the opportunity to assist you, your family or your customers.

Sincerely,
Sean Allen
Lic. Mortgage Broker
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