Carlos Scarpero
Reverse Mortgage Advisor
937-572-3713
or
888-843-9505
Carlos@CarlosScarpero.com

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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.

 

 

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

 

Here is a video about reverse mortgages that I did recently:

 

As a gift to you, I would like to send you a free copy of Home Made Money by AARP. Click here to request it.

 

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.