| Almost
all financial companies who make home loans now offer the Reverse
Mortgage Loan for owner's who are 62 or over. Reverse
Mortgage Loan's allow moving the Equity out of your Primary
Home into
CASH and the loan PAYMENT'S
on
Reverse Mortgage Loans are DEFERRED for life--if you want. There
is no
income or Credit qualifying
necessary because the payments
are deferred and accumulate until you decide to sell your primary
home, or until your home passess to your heir's.
(You must be 62 years
of age or older and the home must stay as your primary residence
or the loan becomes due along with deferred payments).
Reverse
Loans are NON-RECOURSE
& FHA INSURED.
Just pay
your taxes and insurance and
there is No
risk of FORECLOSURE because payments are NEVER DUE! You
now have CASH to pay for your 2nd home
and without the worry of payments on your new Reverse Loan Mortgage.
So, as long as you pay the real estate taxes and insurance, losing
either your primary home or your new Ocean Home (which is owned
by you Free and Clear) isn't possible.
Or,
you have use of the cash to supplement your income, pay off bills,
set up a line-of-credit or travel. The cash can be used for anything
you want. Of course the interest payments you would normally pay
on a loan are deferred--or added to the balance of your Reverse
Mortgage, but you may sell your home at any time or live in your
home for the rest of your life - it's your option.
Now,
Retirement can be the reward you deserve from years
of hard work because Reverse Mortgage Financing free's
your home equity so you can enjoy your GOLDEN
YEARS!
Optionally,
you can make your primary home in Florida and RELOCATE to
Brevard Florida's glorious 80 degree, average year round climate
and defer payments indefinitely as well.
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