Is a Reverse Mortgage right for you?
Helping Seniors
Our homes are among the biggest financial commitments that we make.
But many people don't realize that their home can provide substantial tax-free* income, just when they need it the most. You've taken good care of your home over the years, and now your home should help take care of you - with a reverse mortgage from Financial Freedom.
You'll be able to continue living in the home where you feel comfortable, for as long as you like. You'll make no monthly mortgage payments, and you'll enjoy the security of extra income to help you take care of any of your financial needs.
No Monthly Mortgage Payments.
You make no monthly mortgage payments on a reverse mortgage. The Loan is not due to be paid until you sell, move or pass away.
What is a Reverse Mortgage?
A reverse mortgage is a loan that allows seniors to use the equity they have accumulated in their homes over the years to improve their quality of life. By converting equity into income, a reverse mortgage is a way to stay in your home and receive cash to use generally for any purpose - whether it's day-to-day-living expenses, home remodeling, repair, paying off existing debt, home health care cost, or traveling the world. Best of all, you retain title and remain living in your home.
Who Qualifies?
Homeowners who are 62 or older may qualify and be eligible even if there is an existing first or second mortgage. The size of the reverse mortgage depends upon the applicant(s) age(s), the program selected, the home's value, the lending limits and current interest rates. There are no income qualifications.
Tax-Free Income*
A reverse mortgage turns a portion of the equity you have in your home into tax-free money you can use right now. You can receive a lump sum of cash, choose regular monthly payments, a line of credit or a combination of all three.
Over 450,000 homeowners have benefited
by using a reverse mortgage to secure their financial future. If you are 62 or older with equity in your home, you may be eligible for a reverse mortgage from Financial Freedom. Contact us today to find out how much tax-free* income you may qualify for.
|
