WHAT IS A REVERSE MORTGAGE?
A reverse mortgage is a loan designed for people 62 and older, which enables them to utilize the equity in their homes for additional tax free income, pay off debt and expand their possibilities for retirement—-all with NO mortgage payments.
- 1-4 units
- HUD approved condominiums
- Manufactured homes which meet FHA guidelines
Is a reverse mortgage right for me? Ask yourself these questions:
- What happens to others in my home after I pass away or move out?
- What are my short and long term financial goals?
- Have I explored other options?
- Am I concerned about leaving my home to my heirs?
The only way to get a clear picture about whether or not to proceed with a reverse mortgage; and to find out how much you will receive, call me for a free consultation. We can discuss your concerns and questions; and I will give you a personal comparison worksheet which shows how much you will receive under the fixed and adjustable programs.
EMAIL OR CALL ME TODAY FOR A FREE CONSULTATION
Reverse Mortgage Consultant
Pacific Home Lending