Tuesday, November 6, 2012

Benefits of a reverse mortgage


No income/asset verification
Not credit score driven
NO monthly payment
Proceeds are tax-free
Does not affect Social Security benefits or Medicare
Non-recourse – the borrower nor their heirs are liable for the loan
Proceeds can be used for any purpose
Variety of ways to receive funds – lump sum, line of credit, term payment, perpetuity payment or a combination of these
FHA-insured
Costs comparable to traditional loans

Always, always consult with a reverse mortgage planner. www.topflitereverse.com/florian



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