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The
Reverse Mortgage -
"A Brillant Solution"
Retain Title & Equity
No Mortgage Payments!
Cash Available
Leave Home to Heirs
Tax Free Money
No Effect on SS or Medicare
No Qualifying
Stay Independent!
Get out of Foreclosure
Use for Healthcare and Prescriptions
Pay Off Debt
Pay for Home Repairs or Hire a Helper
Enjoy a Line Of Credit
Continue to Live in Your Home & Retain Full
Ownership!!
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Brighten Your Future!
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Reverse Mortgage?
You are 62 or older, have equity in your home that you could use but can not afford
to increase your mortgage payment. Cannot afford to have a payment by borrowing on a standard
loan. With a Reverse Mortgage you can have "your" equity and NO mortgage payment and
"you" can choose to have money paid to you each month and have an equity line of
credit too! Plus, it is TAX FREE.
Do I make payments?
No, there are no monthly payments,
but you do continue to pay for fire insurance and property taxes.
How much money
would I receive?
This is determined by a combination of the value of your home, current loan payoff,
the age of the youngest homeowner, and the current interest rate. As a Reverse
Mortgage Specialist, I can look the numbers and present your options.
*Just give Leslie a call at (909) 338-3001 or toll free (866) 628-8882.
What are the costs?
Reverse Mortgage costs are the
same as those of a standard mortgage. They include escrow & title fees, appraisal
& credit report, loan origination & lender fees, as well as courier & termite
inspection. All of these costs can be included in your loan & a breakdown of costs
is provided to you.
Who owns my home?
You do! Nothing changes. You
retain title just as now and leave it to your heirs. The property continues to
appreciate while you continue to stay in your home until the remaining borrower
vacates or sells the property.
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