A Flexible Reverse Mortgage is an FHA Insured mortgage program designed to help senior
homeowners 62 and older maintain home ownership and have the financial ability to
stay in their home and survive retirement! The Reverse Mortgages that you have been
hearing so much about can help seniors do so many things and have been improved to
be more flexible! The Reverse Mortgage has become one of the best retirement and
financial planning tools available to seniors today!!
A Reverse Mortgage can pay off an existing mortgage, eliminate monthly mortgage payments,
provide extra cash when needed to spend any way you like: pay for medical bills,
pay for needed home repairs, buy a home, or just make it possible to enjoy retirement!
One Of The Very Best Retirement Planning Tools Available to Senior Homeowners Today!
Hundreds of thousands of Senior Homeowners have discovered the benefits of a reverse
mortgage! By unlocking the equity in their home, for many seniors the reverse mortgage
has become a dream come true! It really can create Senior Freedom!! There are many
retirement benefits associated with a reverse mortgage and the Reverse Mortgage process
is straightforward! The primary lending criteria for qualification is that the youngest
borrower on the mortgage must be at least 62 years old, the borrowers must have a
history of making monthly installment payments on time, timely annual housing obligations,
and the borrowers have adequate income to cover living expenses and pay their annual
taxes and homeowners insurance. The amount of money available is based on the age
of the youngest borrower and the value of the home.
Like an Automatic Pay Raise!
For seniors who still owe money on their home, a Reverse Mortgage can eliminate their
monthly P & I mortgage payment! That means what used to be their mortgage payment
every month turns into disposable income for their retirement! If seniors are paying
$950 every month in principal and interest, it's like getting an $11,500 annual pay
raise! If you owed only 5 years on your mortgage, you would keep $57,500 in your
pocket! You immediately free up that money for a well deserved retirement. It's
yours to spend any way you choose. Please note that the HECM reverse mortgage loan
must be repaid with interest when the last borrower dies, sells the home, moves out
of the home, or defaults on other housing obligations such as insurance or taxes.
To learn more about Reverse Mortgages CALL 512-748-4669! This website will provide
you with the facts about Reverse Mortgages and will answer most questions you might
have. Our Video Tutorials will give you everything you need to know from A to Z!
If you need more information or have questions, simply call day or night! Call Patrick
O'Neil at 512-748-4669!
Interest Rates on Reverse Mortgages Are Quite Attractive!
There could possibly never be a better time to consider a reverse mortgage! Interest
rates on all mortgages have been at historic lows. To find out how a reverse mortgage
can help improve your life or the life of a loved one, Call Patrick O'Neil today,
or email me for more information!
This website was not created by HUD or FHA and has not been approved by HUD or any