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WHY A REVERSE MORTGAGE
You have probably heard of the Reverse Mortgage and how it might
improve your financial well-being and enhance your retirement.
Now you can learn more about it, first-hand, from one of our Senior Home Advisors.
Without cost or obligation to you, our Senior Home Advisors will explain this innovative option,
its benefits and limitations and help you determine if a Reverse Mortgage is your best option.
Reverse Mortgages allow you to benefit from the equity you have established in your home and use
it for whatever you wish with no repayment obligations for as long as you live in the home you did
the HECM Reverse Mortgage on.
THE NEW FHA INSURED HECM SAVER PROGRAM
The New FHA Insured HECM Saver program is ready to fill a void,
namely the group of seniors who have seen cost as a hurdle. This is the next step in the
government’s version of the reverse mortgage program HECM or “Home equity conversion mortgage”.
The main opportunity is for seniors who have turned to a HELOC in order to meet their cash needs. There are more than 1.5 million seniors who have a HELOC with an average loan amount of
$50,000. There are at least 6 times as many seniors using HELOC’s as there are seniors with
reverse mortgages and they are using it for purposes other than paying off their mortgages.
After the collapse in the real estate market, the availability of HELOCs from banks have been
dramatically reduced making the HECM Saver an attractive option. Consider also that banks can
call due a HELOC at anytime or restrict the available funds at their discretion and you still
have a monthly payment…none of which are required under a HECM Saver.
If you would like to hear more about the HECM Saver program please call us at 1-800-963-8011
and mention promo code SAVER01.
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