Offering Reverse Mortgages for Over 20 Years
WISDOM COMES WITH EXPERIENCE
Reverse Mortgages -
Helping Seniors in a Slowing Economy
Seniors are increasingly discovering the benefits of a reverse mortgage. Reverse mortgages apply the opposite principles of a traditional forward mortgage. In a traditional mortgage, you pay down a home loan, turning your income into home equity. A reverse mortgage turns equity into tax-free income or immediate dollars. The money received can be used in any manner, with no restrictions. Moreover, with a reverse mortgage, the senior is not required to make payments on any of the used money for as long as they live in their home.
The benefits of taking out a reverse mortgage are plentiful, seniors can gain the freedom to buy cars, do home repairs and travel. Many feel more secure with a larger monthly income or a line of credit as a safety net to draw upon, without the burden of a home equity loan, which must be repaid.
The National Reverse Mortgage Lenders Association reports an increase in reverse mortgages of more than 112 percent since 2003. Many seniors are educating themselves about this program and by doing so are changing their lives.
Criteria are less stringent for a reverse mortgage. To qualify, a senior need only have equity in their home and be at least 62 years of age or older. There is no income or medical requirements.
Many seniors have benefited from the safe option of taking out a government backed reverse mortgage because they don't want to struggle financially anymore and have witnessed great consumer satisfaction with this type of program. The reward is seeing seniors learn how this system can provide lasting security.
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.
