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Find
the loan that is right for you !!
10 Reasons to consider a Reverse
Mortgage
- EXTRA INCOME
Many seniors who retired 8 to 15 years ago with $1000.00 to $1500.00 per
month income felt that they would be set for life with no worries for
tomorrow. Not so today, with years of inflation, the high cost of medical
care, and the never ending expenses of food, clothing, and taxes you must
make every dollar count. With a Reverse Mortgage, you can design a cash
stream for life by adding a few hundred dollars to several hundred dollars
per month. This can make a difference of just "getting by" or
living a fuller and more rewarding life in retirement. You can also arrange
for a line of credit as a hedge against furnace breakdowns, auto repairs or
even that special get-a-way week with the grandkids or whatever you need.
Best of all...No monthly mortgage payments.
- HOME REPAIRS
Many seniors have put off needed repairs because it was more urgent to
purchase groceries and medicine. With a Reverse Mortgage, you may be able to
replace the roof, upgrade the HVAC (lower energy costs), have the house
repainted inside and out, new carpet or even add a room or garage. Best of
all...No monthly mortgage payments.
- PAYOFF YOUR EXISTING MORTGAGE BALANCE
Many people who refinanced or purchased a home in their 50's, and have now
retired, and are on a fixed income find it is a struggle to meet the
mortgage payment. With a Reverse Mortgage, you may be able to pay off the
current mortgage and put the payment back into your pocket. Best of all...No
monthly mortgage payments.
- EVER INCREASING PROPERTY TAXES
Many people are finding the burden of ever increasing property taxes
difficult to meet. Property values are increasing in most areas and the
senior's income does not keep the pace with these trends. You want to keep
your home and you don't know where to turn. If you are house rich and cash
poor, a Reverse Mortgage with a line of credit may be your answer. Best of
all...No monthly mortgage payments.
- IN HOME CARE OR NURSING HOME FOR SPOUSE
Around the clock care may be the answer in many situations and with the help
of a Reverse Mortgage you may be able to get the funds you need to cover
perpetual care as long as you live in your home. Best of all...No monthly
mortgage payments.
- HELPING FAMILY MEMBERS
Help a relative with medical payments, education (grandchildren, great -
grandchildren), purchase of a home, just extra cash, or extended trip or
vacation for the whole family. Wouldn't it be great to help your children
get through a rough financial time?
- LUMP SUM PAYMENT FOR...
That special dream, grandchild's education, cruise, making areas in your
home more accessible, remodeling a kitchen or bath, purchasing a motor home
or boat, paying off credit cards or purchasing a new car. Best of all...No
monthly mortgage payments.
- ADDITIONAL INCOME THROUGH INVESTMENT OPPORTUNITIES.
You can take a lump sum payment with your Reverse Mortgage and make
investments that can further supplement your income. You can also purchase a
lifetime annuity from an insurance company that would continue even if you
sold or moved from your home. There are several charitable annuity trusts
available. Best of all...No monthly mortgage payments.
- HOME ADDITIONS
Remodel your home to take in a renter or family member. You supplement your
monthly income by several hundred extra dollars per month and help solve a
family members problem. Many town and cities are allowing variances for
"mother-in-law suites". Making a Reverse Mortgage to complete the
project is a good idea. Best of all...No monthly mortgage payments.
- PURCHASE A NEW HOME
If your home is now too large and the yard and too big to maintain, and the
taxes are too high, you may want to down size. You can purchase a new home
with a Reverse Mortgage. Best of all...No monthly mortgage payments
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