Reverse mortgages are NOT too good to be true
May 18th, 2012
May 18th, 2012
Is there such a thing as a loan you don't have to make payments on? For some, the answer is "yes". Does that sound too good to be true?
If you're a senior, and need cash (for whatever reason), a Reverse Mortgage might be exactly what you need for your financial situation. With this type of loan, you do not need to make payments over time. The only time payment will be required is when you sell your home, permanently move out of the home or die. Additionally, you do not need to prove credit worthiness, provide income information or a statement of health.
The requirements are minimal: you must be 62 years old or older, plus own and live in your home. Sound too good to be true? You don't know until you ask. Call us at 371-255-0062 and we'll help you decide if this is the right loan for you.
We provide our clients with exceptional service and integrity which has become our hallmark.