Video: Stay in Your Home
Affordable Reverse Mortgage
FHA Insured Reverse Mortgage Overview
The program is designed to allow homeowners 62 and older to use the equity in our homes to live comfortably in them forever without a monthly financial burden. There is never a monthly payment. Money used, plus interest, is repaid ONLY when we are no longer living in the home. As long as we keep our homeowners insurance and property tax paid the program guarantees that we remain on the title. The bank will not own our home.
We can have the bank pay us instead of us paying the bank. We can use our home to stay at home. We can also leave our children in a better financial position when we pass.
Over 500,000 senior households have taken advantage of the program!
Mr. Jack Kemp, former U.S. Secretary of Housing says:
“I am a strong believer in the reverse mortgage concept and sincerely advocate its use to allow seniors to live in their homes for as long as they so desire, in as comfortable a circumstance as possible. As seniors we have invested our lives in providing for others, our employer(s), our community and most importantly, our families. Unfortunately, many of us do not have the resources required to reap the rewards of a lifetime of investment.”
Key Features
• There are upfront fees and it is a growing balance loan
• The borrower remains the owner and can sell at anytime
• The home passes to heirs who can keep the home if they like
• No monthly payments ever
• Money used is tax free and is repaid with interest ONLY when the homeowner is no longer living in home
• The homeowner or their heir can not end up with a personal debt
• Excess equity stays with homeowner or heir
• The homeowner is responsible for insurance and taxes
There are several misconceptions about the program. My job is to guide you along the way to understanding exactly how it works. This way you will be able to make an educated decision that meets your needs. I am a Certified Senior Advisor and a Member of the National Reverse Mortgage Lenders Association with over 30 years of experience.
Reverse Mortgages are not for everyone. Over the past 8 years I have provided accurate and thorough information to almost 1,000 homeowners allowing them to make an educated decision for their specific situation.
Kevin McNichol, CSA
1-800-743-6030 1-727-773-1644
www.areverse.com
The program is designed to allow homeowners 62 and older to use the equity in our homes to live comfortably in them forever without a monthly financial burden. There is never a monthly payment. Money used, plus interest, is repaid ONLY when we are no longer living in the home. As long as we keep our homeowners insurance and property tax paid the program guarantees that we remain on the title. The bank will not own our home.
We can have the bank pay us instead of us paying the bank. We can use our home to stay at home. We can also leave our children in a better financial position when we pass.
Over 500,000 senior households have taken advantage of the program!
Mr. Jack Kemp, former U.S. Secretary of Housing says:
“I am a strong believer in the reverse mortgage concept and sincerely advocate its use to allow seniors to live in their homes for as long as they so desire, in as comfortable a circumstance as possible. As seniors we have invested our lives in providing for others, our employer(s), our community and most importantly, our families. Unfortunately, many of us do not have the resources required to reap the rewards of a lifetime of investment.”
Key Features
• There are upfront fees and it is a growing balance loan
• The borrower remains the owner and can sell at anytime
• The home passes to heirs who can keep the home if they like
• No monthly payments ever
• Money used is tax free and is repaid with interest ONLY when the homeowner is no longer living in home
• The homeowner or their heir can not end up with a personal debt
• Excess equity stays with homeowner or heir
• The homeowner is responsible for insurance and taxes
There are several misconceptions about the program. My job is to guide you along the way to understanding exactly how it works. This way you will be able to make an educated decision that meets your needs. I am a Certified Senior Advisor and a Member of the National Reverse Mortgage Lenders Association with over 30 years of experience.
Reverse Mortgages are not for everyone. Over the past 8 years I have provided accurate and thorough information to almost 1,000 homeowners allowing them to make an educated decision for their specific situation.
Kevin McNichol, CSA
1-800-743-6030 1-727-773-1644
www.areverse.com