Senior Lending

Advisors

 

Helping Seniors

 

Become Financially Secure

 

Protect Your Home

 

Federally Insured

 

Low Rates

 

No Hidden Loan Costs

Call Toll Free

888-292-5444

Enjoy Life!  See how a Reverse Mortgage can help!

· Helping Seniors Nationwide

 

· Conventional mortgage specialist also available

 

· Cash available to you within 2-4 weeks

 

Facing foreclosure?Learn how a reverse mortgage can save your home!

The Reverse Mortgage: A Loan Program that PAYS YOU !

 

Join the hundreds of thousand of seniors all across the country that have used their HOME EQUITY and converted it into cash with a REVERSE MORTGAGE.

 

GOVERNMENT INSURED REVERSE MORTGAGES are giving SUPPLEMENTAL INCOME FOR SENIORS, allowing them to live a better life. For most of your life you have worked to pay off your home, now let your HOME pay you!

 

How Does A Reverse Mortgage Work? It’s Really Quite Simple!

 

 

 

 

 

 

 

 

 

 

What Are Some of the Common Uses Of Reverse Mortgages?

· Pay off existing mortgages

· Free up monthly income

· Do home improvements

· Pay off credit card debts

· Pay for in-home health care

· Purchase long-term care insurance

· Supplement income

· Plan your estate

· Purchase a car

· Travel

· Prepare for emergencies

· College tuition for grandchildren

· Anything you want! The possibilities are endless!

 

 A Reverse Mortgage Borrower has only two (2) responsibilities:

· Occupy the property as his or her primary residence

· Maintain homeowner's insurance and pay all real estate property taxes on the property.

 

Thus in general, as long as the borrower can satisfy these requirements, the borrower will NEVER be forced to sell or vacate the property. Accordingly, even if the mortgage balance exceeds the property value, or if the borrower has exhausted all of the available funds, the borrower can NEVER be forced to sell the home.

Additionally, when the loan does finally become due, the reverse mortgage lender is only secured to the real property. Thus, the lender can only look to the value of the real estate for repayment of the reverse mortgage and not any other asset in the borrower's estate. Furthermore, neither the borrower nor the borrower's estate will be subject to any claim that may arise if the value of the property is less than the payoff of the reverse mortgage. FHA mortgage insurance will cover any balance due the lender.

The money you get from a Reverse Mortgage can be paid to you in several ways:

· all at once, in a single lump sum

· in regular monthly payments

· “credit line” account that lets you decide

       when and how much is paid to you; or

· as a combination of these payment options

 

No matter how this loan is paid out to you, you do not have to pay anything back until the last surviving borrower passes away; you sell your home, or permanently move out of your home.