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Reverse Mortgage Financing
A Reverse Mortgage is a loan
that allows eligible senior homeowners age 62+ to convert a portion of their
home equity into a stable source of tax-free supplemental cash flow. A Reverse
Mortgage gives you the ability to enjoy financial security and peace of mind,
while remaining in your home during your retirement years.
You¡¯ve worked hard all your life. This is an
opportunity for all of the time and money you¡¯ve invested into your home to
start paying you back.
A Reverse Mortgage is an innovative Federal
Housing Administration (FHA)-insured loan that enables you to tap into some of
your home¡¯s existing equity to obtain the cash required to assist you in
meeting your retirement needs and achieving your financial goals.
Many senior homeowners are taking advantage of a
Reverse Mortgage to supplement their retirement. It¡¯s not only flexible; it
also offers security and dependability in today¡¯s challenging economy. A
Reverse Mortgage may be the ideal solution for you.
If you¡¯re 62 years of age or older and have
sufficient home equity, you may be eligible for a Reverse Mortgage. Use the
loan proceeds however you want!
You also have the freedom to use the money you
receive however you want—there are no limitations:
off an existing mortgage or other existing debt
- Supplement your retirement income
- Modify your home for better accessibility
- Cover large or unexpected expenses
home improvements and repairs
to visit family and friends or take vacations
to your grandchildren¡¯s college education
- Gifts for the children/grandchildren
a more comfortable lifestyle
*However, if your home is in need of FHA-required repairs or you have an
existing lien, judgment, or taxes that are due, those must be satisfied, either
through the Reverse Mortgage loan proceeds or prior to obtaining a Reverse
Please Contact usfor free consultation and evaluation at
or 213- 788-3388
As a leading Reverse Mortgage provider, we are committed to educating seniors about the different Reverse Mortgage options available to them and providing loans that help meet
their financial and personal needs.
What is a Reverse Mortgage?
A Reverse Mortgage is a loan that allows senior homeowners age 62 and older to
access a portion of their home equity and convert it into tax-free funds.* It
can give you the financial security and supplemental retirement cash flow to
stay in your home and live independently—without having to sell your home, give
up title, or make monthly mortgage payments.**
The federal government has put in place several Reverse Mortgage safeguards
to protect and shield seniors from predatory lending practices. Chief among
them is the mandate that a third-party counseling session must occur with an
independent HUD-approved counselor before an application can be processed.
Other safeguards include caps on rates and fees, as well as FHA insurance that
limits loan repayment to the value of your home at the time of sale and
protects you against lender insolvency.
Generally, single-family residences, two to four-unit
owner-occupied dwellings, townhouses, approved condominium units and some
manufactured homes are eligible for a Reverse Mortgage.
Now is the Time to Prepare for a
Gain peace of mind now by knowing that you can remain in your home
and your community for the rest of your life. Reverse Mortgages are protected
by the government and specifically designed to secure your financial future
throughout retirement. More than 400,000 Americans have already benefited from
Reverse Mortgages. Contact Richard Balsys, an experienced Genworth Reverse
Mortgage Advisor, and let us make it easy for you to do the same.
Please Contact us
for free consultation and evaluation at
or 213- 788-3388