Saturday, December 1, 2012

Reverse Mortgage Fact #3

How can I access my home's value (how do I get my money?)? Home owners can access their homes value in a number of ways:

1. One-time lump-sum - the entire amount available is disbursed at closing.
2. Tenure payment - a determined amount is provided monthly for the as long as the borrower lives in the home.
3. Term payment - a predetermined amount is provided for set period of months.
4. Line of credit - funds are available when needed.
5. Combination of tenure, term and/or line of credit.

All proceeds are tax-free and do NOT affect Social Security or medicare benefits.

How much can you qualify for? Visit www.topflitereverse.com/florian to find out.


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