Reverse Mortgage Fact #8

You do not have to have your home free and clear of a mortgage to qualify for a reverse mortgage. In fact, many folks 62 and over seek a reverse mortgage to extinguish their current mortgage, thus eliminating that monthly payment, and improving their cash-flow so they can enjoy a better quality of life.One recent example is a gentleman who was laid off after 35 years on the job. He had taken some cash out in a refinance several years ago, and he had a whopping $990 a month principal and interest payment. He took the reverse mortgage to pay off that current mortgage, freeing up $12000 a year! Of course, the risk of defaulting on a monthly payment is now gone too.

How much can you qualify for with a reverse mortgage?

 Visit www.topflitereverse.com/florian