Get Rid of Monthly
Mortgage Payments
Get Rid of Monthly Mortgage Payments
Now if you are a retiree you should not have any mortgage payments. Your home should have been settled before you retired. We do however understand that things do not always go as planned, and if you still have mortgage payments due once you retire, a reverse mortgage could help you get rid of them altogether. If you would like to find out how this is even possible, please have a look at our website, and once you are done, pick up the phone and give us a call right away. You will not regret it.
Keep Your End Clean
Once you have decided to apply a reverse mortgage to your property, there will be no monthly payments due until a certain number of events occur. Now we are going to give you a sneak peek into what some of these events might be, but should you want additional information, you are welcome to pick up the phone and give us a call today. Now your payments will only materialize if the final borrower vacates the premises, passes away, fails to pay taxes and insurance, or generally neglects to maintain and look after the property as they should.
Eligibility
Right off the bat, we are going to tell you that we are not like some of our competitors who will try and sell you something even if it does not suit your wants and needs. Rather we believe in being upfront from the start so that you know where you stand. Some of the factors you need to qualify for these products include having to be older than 62. Your home should have sufficient equity. One will also have to go through mental and financial assessments to make sure that you are in the right state of mind to make such important decisions.
The Right Reverse Mortgage
Recent research has proved that many people have no clue what a reverse mortgage is, let alone how it works and what advantages it has to offer. Taking this into account, we are sure that even fewer people know that you get different types of reverse mortgages. Each is designed to take care of a specific set of client needs. The options include single-purpose reverse mortgages, as well as proprietary and home equity conversion mortgages, or HECMs ad they are also known. To find out more about each, just reach out to us today.
Excellent Money Saver
As we have already mentioned on numerous occasions on this site, saving as much money as you can post-retirement is essential if you want to make sure you live a comfortable life. Now in many cases, retirees are often a bit short at the end of the month, and this is where a reverse mortgage can swoop in and make their lives a little easier. It will take away the monthly mortgage obligations, which in turn means that those funds can now be used for something else. It is as simple as that, we guarantee it.
