MYTH #8: A reverse mortgage should be used as a last resort.
FACT: A reverse mortgage is a powerful financial tool that can be an important part of your overall financial plan. From paying off an existing mortgage to delaying Social Security, or even creating an emergency line of credit, it’s a flexible product designed to give you options. In fact, with recent changes and the security of the U.S. Department of Housing and Urban Development’s FHA insurance, many financial planners have begun to discuss reverse mortgages with clients who need additional sources of retirement income.
to help us better serve you.
make all the difference!
real-time rates + built-in advice that
helps you select the best program!
Work with a local Certified Fire Your Landlord® Reverse Mortgage Expert. They are specially trained to help retirees achieve the dream of a worry-free retirement by leveraging the equity in their homes.
Provide for your Heirs | Retire Elegantly | Pay off Debt
It's SUPER EASY.
Contact us for a quote, it's super easy, there is no obligation and it takes less than 3 Minutes. Do it now.
Learn exactly how much you qualify for, how much you'll get each month, for how long, and how soon you can get approved.
With so much disinformation on the web about reverse mortgages we created a definitive video series that clears things up.
©
2024 Options Pro Marketing, Fire Your Landlord®, and All Rights Reserved.
Please Click Here to access main realtor or lender website or refer to www.nmlsconsumeraccess.org to see where is a licensed lender and servicer.
Reverse mortgages have become a popular financial tool for homeowners ages 62 and older who are seeking a consumer loan. A reverse mortgage loan allows senior homeowners to access the equity they’ve built up in their home over the years. Unlike traditional “forward” mortgages, reverse mortgages do not require monthly mortgage payments. Homeowners will still be responsible for insurance, property taxes, and maintenance; however, loan repayment is deferred until the homeowner no longer lives in the home. Since monthly mortgage payments are not required, seniors typically use their reverse mortgage funds as income tax-free cash. Homeowners who want to qualify for a reverse mortgage must be at least 62 years old and have equity available in their home. Reverse mortgages work by allowing homeowners to convert a portion of their homes equity into cash, based on the total equity available in the home. Loan proceeds can be received in the form of a line of credit, monthly payments, a lump sum, or any combination of these options. Several factors affect the loan amount which you may qualify for including your home’s value, your age, and certain property requirements set by the Federal Housing Administration (FHA).
Options Pro Marketing and its associated brands (Fire Your Landlord®) are marketing entities that partner with lenders and are not lenders themselves. All lending questions should be directed to our partner lenders ( Brett Stacy of ). A pre-approval does not constitute a loan commitment or guarantee of a loan. Pre-approval is subject to a satisfactory appraisal, satisfactory title search, and no meaningful change to borrower's financial condition.
This is not an offer for extension of credit or commitment to lend. All loans must satisfy company underwriting guidelines. Not all applicants qualify. Information and pricing are subject to change at any time and without notice. The content in this advertisement is for informational purposes only. Products not available in all areas. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age (provided you have the capacity to enter into a binding contract), because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. The federal agency that administers our compliance with these federal laws is the Federal Trade Commission, Equal Credit Opportunity, Washington, DC, 20580. is an Equal Housing Lender.
Your Paragraph text goes Lorem ipsum dolor sit amet, consectetur adipisicing elit. Autem dolore, alias, numquam enim ab voluptate id quam harum ducimus cupiditate similique quisquam et deserunt, recusandae. here