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Reverse Mortgage Guide
Retire on Your Own Terms
Changes in reverse mortgage program make it easier, faster and
more secure.
If you're 62 years old or older and
need money to secure your retirement, pay off
debt, cover medical expenses, or help out the kids you'll be happy to know
the American Recovery and Reinvestment Act of 2009 raised the limit for government-backed
reverse mortgages to $625,500 per home. Now
its easier than ever for you to qualify. But you'll want to act fast - the increase is set to expire unless
extended by Congress.
What changes in the reverse mortgage
program mean for you:
- There are no income,
employment or credit qualifying restrictions.
- You own your home - not the bank.
- You never make a mortgage payment while
you live in the home
- You can receive a
large lump sum or receive
monthly cash payments.
- The money you receive is tax-free and
will not affect your Social Security or Medicare benefits.
- You may be eligible for a reverse
mortgage even if you still owe money on a first or second mortgage.
- You can refinance or sell whenever you
want - with no penalty.
-
Get a
Free Reverse Mortgage Guide that explains all your options and simplifies the
application process.
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Must Owe $10K or more in unsecured debt to
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Settle
Your Tax Debt - Get on With Your Life
If You Owe $10,000 or more
in tax debt new laws make it possible to settle for pennies on the dollar.
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