This morning, I was watching C-Span as I drank my morning coffee. A gentleman from the Association of Realtors was on discussing the housing market. A woman called in and asked about reverse mortgages. She said many seniors are loosing their homes and asked if reverse mortgages can help. The C-Span guest went on to say that when the senior’s home is paid for, they can draw money monthly and ease their financial burden and that it was a good thing. What he failed to mention was, your home doesn't need to be paid off.
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credit line: Low Cost Reverse Mortgage offer Solutions for Seniors and Boomers
- 07/21/12 11:18 AM
By Maggie O'Connell The HECM Reverse Mortgage Saver option is worth looking into. Start off right by keeping the upfront fees as low as possible. If you have a lot of equity with no mortgage or a mortgage balance that is low, you can take advantage of generating a monthly income from some of your equity. The tool to access that equity that works for retired people is a reverse mortgage. The reason reverse mortgages are so popular is because no monthly payments are required. During a time when you are drawing from your assets to support you, frequently called retirement, doesn't (0 comments)
In this blog, I go into detail on reverse mortgage information, through questions seniors and their families ask, industry news and current events, new programs; rate options, client stories and experiences and more. From my 20 years experience as a reverse mortgage specialist, I can help guide and educate you and answer the question, is a reverse mortgage right for you and if so, what is the best option with lowest costs, interest rates and payment plan. I am easily accessible and will be happy to talk with you.
Maggie O'Connell
direct line 800-489-0986
maggie@rmstore.net www.ReverseMortgageStore.com
NMLS #279499 Equal Housing Opportunity/ 411500