Offering Reverse Mortgages for Over 20 Years
WISDOM COMES WITH EXPERIENCE
Reverse Mortgages - Government Insured Program
Thousands of seniors are gaining financial freedom through the government insured Reverse Mortgage program. This unique program was first signed into law by Ronald Reagan in 1988 and has seen lasting improvements over the years that make it a great financial tool for senior homeowners.
To qualify a senior must be 62 years of age, own a home with enough equity to qualify and declare the property as their primary residence. They also can not be delinquent on any federal debt and participate in a counseling session given by an approved government counselor.
Reverse Mortgages apply the opposite principles of a traditional forward mortgage. Traditional mortgages gain equity in a home by making monthly payments, while a Reverse Mortgage turns equity into tax free income or usable cash. Payments on the money owed are not required as long as the home is being lived in.
Senior homeowners have gained the freedom to buy cars, do home repairs and travel. Many simply feel more secure with a larger monthly income or a line of credit to draw upon, without the burden of a home equity loan that must be repaid. Some are just tired of penny pinching and want to improve their quality of life.
Now seniors have a safe, secured means by which to achieve financial security, while retaining home ownership. The U.S. Department of Housing and Urban Development (HUD) guarantee seniors who use the Reverse Mortgage program will not pass debt onto their heirs. A Reverse Mortgage is the safest mortgage someone can get. There is no due date unless the senior passes away, sells the home or moves out permanently.
Robert Jones has been a leader in the mortgage industry for over 15 years. He has worked at Sun American Mortgage for over 10 years and is passionate about the Reverse Mortgage program. He takes a genuine interest in his client's financial future and enjoys getting to know them personally. He has specialized in Reverse Mortgages and has a highly experienced staff.
Visit him on the web at http://www.ReverseSecure.com and find out how Robert can give you the personal attention you need to see if a Reverse Mortgage is right for you.
