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Help! How Do I Know if A Reverse Mortgage Is Truly Right for Me?

It’s no secret that more and more consumers are becoming aware of what a Reverse Mortgage is, how it works, and who qualifies for it. Between television commercials, brochures, blogs, and online advertising, the Reverse Mortgage is becoming extremely popular. However, some consumers may still not feel as though it is “right for them.”

This hesitation can be due to some factors including not having the right resource to turn to for guidance and accurate information. Here is how Reverse Mortgage Answers can happily be your guide! With over 25 years of professional experience, Reverse Mortgage Answers has successfully been the ideal source for thousands of clients, aged 62 and over, to turn to for guidance when financial burdens are heavy. If a senior homeowner feels overwhelmed with their current mortgage or just needs more cash, a Reverse Mortgage is the answer.

A Reverse Mortgage can be a safe and secure option to access the equity one has stored within their home. Since Reverse Mortgages are highly monitored and regulated by the Department of Housing and Urban Development, a senior homeowner is protected.  A Reverse Mortgage is merely a “secure source of revenue.” Since the government insures it, there is no need to worry about whether or not it will place you in financial trouble.

The Reverse Mortgage was designed for senior homeowners to have access to something that they have already spent years paying for: the accrual of their home equity through monthly mortgage payments.  Here is how to know if a Reverse Mortgage is right for you:

  • You are 62 and over, and at least half of your home loan is paid off
  • You want to stay in your home
  • You would like to make improvements to your home
  • You are on a fixed income and need help with expenses
  • You want to travel or pursue other interests
  • You are interested in a possibly downsizing

“That sounds good and all, but if I did this how much would I receive?”

The amount one can receive depends on the home value, current interests, and the client’s age.  Reverse Mortgage Answers would be happy to help you with the process if you feel ready to move forward and gather more information.  We can do a free, no-obligation analysis so you can find out how much you may be able to receive.  Call Reverse Mortgage Answers now at 1-800-420-5515.