Reverse Mortgages - they could be right for you!

A Reverse Mortgage might just be the answer you’re looking for right now – if staying in your home and having a steady stream of income in your golden years is a priority for you.

Reverse Mortgages are specially designed for homeowners ages 62 years and older. The reverse mortgage allows an individual – or a couple – to convert the equity built up in their home into cash.

What is a Reverse Mortgage?

A reverse mortgage is a loan – also know as a lien – against the home. The owner of the home does not have to pay back the reverse mortgage for as long as he or she – and one’s spouse, if applicable – lives in the home.

Why is a Reverse Mortgage beneficial?

Reverse mortgages offer the opportunity for people to remain in their homes, while still taking care of necessary financial obligations. It’s a chance for those ages 62 and over

• to benefit from extra cash on a regular basis,
• to supplement their existing incomes,
• to cover medical expenses, or
• to help a loved one.

What’s New in 2011?

New this year is the HECM Saver Reverse Mortgage. This lower-cost reverse mortgage requires significantly less in up-front costs as compared to the HECM Standard Reverse Mortgage. As a result, HECM Saver can save the average homeowner age 62 and older thousands of dollars. The amount of money that can be borrowed is less than with the HECM Standard, but the lower up-front costs may make it an attractive option.

How Can I Learn More?

We’re offering a series of free reverse mortgage seminars over the next several months. Experts on the topic of reverse mortgages will lead the seminars, with plenty of time for questions and answers. Call us at 800-582-7640 to reserve your place.

Click here to see the upcoming Reverse Mortgage Seminar Schedule of dates and locations near you!