Rates: Hecm 150: 3.440%, HECM Fixed: 6.810%: Jumbo Cash Acct: 5.750%
IS A REVERSE MORTGAGE FOR YOU?
IT Could Change Your Life
YOUR REVERSE MORTGAGE
This is an empowering financial tool for Senior Citizens of 62 and over that will allow you to tap into the equity of your home. You can now stay in your home and your neighborhood as you grow older. You can stay where you raised your children, made lifetime friends and hold hundreds of dear memories. And the proceeds from a Reverse Mortgage are tax-free, do not affect your Medicare or Social Security benefits and you HOLD TITLE ENTIRELY ON YOUR OWN.
As we age we have different needs. Different desires. We now have the time to travel. Whether our travel is to see faraway parts of the world, or visit family members in other states.
Our homes may need repair or remodeling to make them more convenient and safe for us as we age. We may need to pay for unexpected healthcare costs, or equipment and insurance premiums.
Or we may want to contribute to our grandchildren’s college education fund, or donate to the library or our church.
Remember: There are no restrictions on how to spend the funds from a Reverse Mortgage.
And isn’t it time to let your home take care of you
Here are some ways it can help:
Stop a Foreclosure
Stop Struggling With Payments
Pay property taxes and Liens
Pay off Exisiting Mortgages
Pay for Home repairs
.
Modify home to changing lifestyles
Pay Prescription Drug & Hospital Costs
Pay for In Home Assisted Care
.
Pay off credit card or auto debt
Reduce burden on your adult children
Purchase or Repair your carr
Pay off credit card or auto debt
.
Reduce burden on your adult children
Purchase or Repair your car
.
Buy a summer home, or a boat
Travel: Cruise, Fly or Drive you new RV
.
Social Security and Medicare Benefits
are not affected by Reverse Mortgage
(Consult your advisor re: SSI or Medicaid)
.
For a Free Analysis
.
GLORIA DE GASTON BOONE, Reverse Mortgage Specialist
703/790-2115 or 703/244-8151 (24/7)
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