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What is a reverse
mortgage?
A reverse mortgage is a loan available to people 62
and older, and is used to release the home equity in the property as
one lump sum or multiple payments. The loan is paid back when the property
is sold.
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In a recent AARP study, 93% of respondents
said that having a reverse mortgage had a positive effect on
their lives
Click
here to read the report
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Reverse Mortgage Fast Facts
- There is no income qualification
- There is no credit qualification
- You can apply while in foreclosure or bankruptcy
- There is no health check
- You can use the funds in any way you choose
- This is a non recourse loan. If you eventually owe
more than the property is worth, the government covers the difference.
- This loan is insured through FHA
- There are no payments until you sell the property
- The bank will not take your house at the end
Call Carlos today at 937-572-3713 or 888-843-9505 and
get the honest facts about reverse mortgages.
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