Is A Reverse Mortgage For you ?? Reverse Mortgages are a source for homeowners 62 and older to access the equity in their home without having to make monthly payments. There are no restrictions on how you can use the loan proceeds and the payments you receive are tax free. Jeff Johnson is our Reverse Mortgage Expert and works at our sister company New World Lending Group.
The funds you pull out of the equity in your home can be used for .... - Pay off your existing mortgage
- Make home repairs and improvements
- Generate extra monthly income
- Cover health care expenses
- Purchase investment products (Stocks, Bonds, other Real Estate)
- Us the money ANY way you want !!!!
A Reverse Mortgage lets you .... 1. Retain the Title to yor home 2. Eliminate monthly mortgage payments 3.Increase your monthly income 4.Cover increasing medical costs 5.Take advantage of Investment Opportunities 6.Choose a Lump Sum payment, Monthly Draw, Line of Credit,
or a Combination of all the three
To find out if you might benefit from a Reverse Mortgage, ask yourself a few simple questions: 1.Would I benefit from having my current mortgage paid off? 2.Do I have equity in my home that could be used to take advantage of opportunities? 3.Could my family and I benefit from extra income each month? If you want to keep your home as long as possible and you answered "Yes" to two or more of these questions, it's worth it to contact Jeff Johnson (239-877-0996) and schedule an interview. Jeff will council you on the benefits of a Reverse Mortgage as it pertains to YOUR situation. Jeff will provide you with any information you need regarding the many benefits of a Reverse Mortgage.
Top Reverse Mortgage Misconceptions 1.I would be selling my house to the bank .....FALSE You keep Title to your home. 2. My heirs won't inherit anything ..................FALSE Youe estate only owes the balance on the reverse mortgage. The balance is however much your have spent and interest. 3. I might "outlive" the loan ......................... FALSE These loans are designed specifically so that you can not outlive your loan. When you get a reverse mortgage the lender will charge you 2% to purchase mandatory FHA mortgage insurance. That insurance guarantees that even if you live to be 100+, you can never owe more than the value of your home and you can never be forced to leave. 4. I could get forced out of my home ............FALSE FHA/HUD reverse mortgages specifically state that you can never be forced out of your home.
Sincerely,
Sean Allen
Lic. Mortgage Broker
The Mortgage Professionals
International Financing Solutions
http://www.internationalfinancingsolutions.com/
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