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FHA Reverse Equity Mortgage
It was developed to enable Homeowners 62 years of age or older to convert their home’s equity to Tax Free cash.
If a Senior HOMEOWNER has a home free and clear or with a low mortgage debt, a REM can provide you with:
1) A Lump Sum OR
2) a Creditline OR
3) a monthly income as long as you live in the home. OR
4) a combination of 1 and 2 and 3.
* NO Income and NO Credit required to qualify.
* Seniors retain full Title of the home and heirs inherit it.
* Seniors are not required to make any monthly mortgage payments, as long as they live in the home.
* Spend it as the Senior sees fit.
Now Senior HomeBuyers can PURCHASE a primary home
with Reverse Mortgage Financing!
* NO Income and NO Credit required to qualify.
* Seniors retain full Title of the home and heirs inherit it.
* Seniors are not required to make any monthly mortgage payments, as long as they live in the home.
English: http://HappySeniorHomeOwners.com/SeniorBuyers
Español: http://HappySeniorHomeOwners.com/ComprandoHogar
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Some Uses for a Reverse Mortgage Benefits:
1) Pay Living/Medical Expenses
2) Invest in real estate
3) Grandkids education.
4) Travel
5) Eliminate Mortgage payments.
6) Financial security and independence.
7) Home repairs and improvement.
8) Pay taxes and Insurance.
9) Eliminate credit card debt.
10) Eliminate financial stress.
11) Maintain a dignified retirement without financial worries.
12) Buy 2nd home / investment property
13) Charitable donations.
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Tactical Borrowing for Retirement and Estate Planning:
1) Taxable Estate reduction.
2) Wealth preservation.
3) Avoid selling other assets.
4) Trust Funding.
5) Purchase Life Insurance.
6) Invest.
7) Fund Ventures.
8) Charitable Donations.
9) Buy 2nd home / investment property
10) Gifts.
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