Introducing the mortgage
that pays you.
A reverse mortgage is a powerful financial tool
that can put the equity in your home to work for
you. If you are 62 years or older a reverse mortgage
can turn that equity into cash, a line of credit,
monthly income or a combination of all three. Plus,
there are no required monthly mortgage payments
and the proceeds are tax free. There are no income
qualifications and best of all you retain ownership
of your property.
The Reverse Mortgage became a valuable and safe
tool for Senior Americans when the United States
Congress authorized the Department of Housing and
Urban Development (HUD) through the Federal Housing
Administration (FHA) Home Equity Conversion Mortgage
(HECM) in 1989.
Reverse Mortgages offer the opportunity
for virtually all Senior Citizens to utilize the
equity in their homes to provide needed financial
security. In 2009 alone, more than 114,500 Seniors
have obtained a Government Insured Reverse Mortgage.
Now you can live in the house you call home.