We are a national mortgage banker who helps seniors with obtaining a new reverse mortgage.
Benefits of a reverse mortgage:
* No Monthly Mortgage Payments: Instead of making monthly mortgage payments to a lender, we may make payments to you.
* Non Recourse: Reverse mortgages are "non recourse" which means neither the borrower nor their heirs will ever owe more than the home's market value.
* Tax Free: As a Reverse Mortgage is a loan, the money from it is typically tax-free, whether you receive it as fixed income or in a lump sum.
* Income Choices: You can receive a lump sum, monthly payments or a combination of both.
* No Downside: With a Reverse Mortgage you will never owe more than your home’s value at the time the loan is repaid.
* Federally Insured: The Home Equity Conversion Mortgages (HECM) is the most widely available Reverse Mortgage. It is managed by the Department of Housing and Urban Affairs and is federally insured.
Contact with Todd Probasco Reverse Mortgage Specialist NMLS 232536 for a free no obligation quote call today 708.205.2983
