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How You Benefit From A Reverse Mortgage

How You Benefit From A Reverse Mortgage

You may be wondering how you can benefit from getting a reverse mortgage

? Many people have found that the money they got from a reversed mortgage benefited them greatly. With a reverse mortgage you continue to get income, and defer repayment, for as long as you live at home no matter how long that may be. An FHA insured reverse mortgage maybe exactly what you need!

Lets take a moment to understand reverse mortgage. Then we can better explore the benefits. A reverse mortgages is a very useful home loan option especially for senior homeowners. If you qualified, you dont make any monthly payments. Equity in your home repays the FHA insured reverse mortgage when you sell your home, passed away or move out permanently. You or your children keep the extra money on top of what you owe the lender.

What are the benefits? There are many benefits that a reverse mortgages can give you. However here are a few of the most significant. First, you will remain independent. This will allow you to remain in your home and retain home ownership.

The second benefit is no monthly mortgage payments are required. You need not pay back the reverse mortgages loan nor make any monthly mortgage payments until you permanently move out of the home. It is also tax-free money, because the money you receive from a reverse mortgage is not considered income, it is tax free and will not affect your Social Security or Medicare benefits.How You Benefit From A Reverse Mortgage

Another great benefit is freedom and flexibility. The money you get from a reverse mortgage is yours to use in any way you choose. You can take comfort knowing you are financially secure and not a burden on your family. You can buy gifts for grandchildren and other members of your family. You can remodel your home, go on wonderful vacations, pay off any other monthly bills and even buy a new car!

Exciting isnt? Here are tips which can help you qualifying for a reverse mortgage: your age should be at least 62 years and you should own your own home. FICO scores do not apply and your credit history is irrelevant.

Reverse mortgages have helped hundreds of thousands of homeowners like you; improve their quality of life in retirement. A Reverse Mortgage can help you retire more comfortably. It can provide you with money when you need it most. No Monthly Mortgage Payments, Easy Qualification, Tax-Free Money and No cash needed for closing costs. Can it get any better? If youd like to find out how much money you qualify for and if youre eligible, give us a call at (800)630-0650.

Tim Jacobs

Golden Years Mortgage Solutions

Your MoneyWhen You Need It


Tim Jacobs @ Golden Years Mortgage Solutions Golden Years Mortgage Solutions is a reverse mortgage approved FHA Lender. Weve helped thousands of senior homeowners solve their financial problems. Our agents and brokers collectively have over 60 years of experience in Reverse Mortgage Loans and general financial services, including managers who are industry pioneers with more than 12 years of reverse mortgage experience. Our dedication to providing financial solutions for seniors is evidenced by the number of referrals that come from our existing clients.

by: Golden Years Mortgage Solutions
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How You Benefit From A Reverse Mortgage