Reverse mortgage saves senior!

By
Mortgage and Lending with Competitive Insurance of Dundee

The husband passes away suddenly.  The funeral expenses are mounting.  There is not enough money to keep up with the mortgage.

Why not apply for a reverse mortgage?  A senior can receive a lump sum to pay off the existing mortgage, pay the back bills and NO monthly mortgage payment is ever paid!

The loan gets paid off after the senior leaves the home and the rest of the equity goes to the senior or the heirs.  What could be better in a situation like this?

Randall - 863-604-0169

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Topic:
Lending / Financial
Location:
Florida
Tags:
fha
reverse mortgage
fha insured

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Randall Schrader

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