How can I use the funds from my

FHA Reverse Equity Mortgage?

Am I / Are we Candidate(s) for a “Reverse Equity Mortgage”?

Please check what best fits your personal situation:

1.       Are all Owners on Title 62 years of age or older?  □ Yes   □ No   Will be 62 soon? □ Yes   □ No     

_____________ Date of birth: ____/____/____    _____________ Date of birth: ____/____/____

2.       Do I / we live in a  □ single family residence, □ Condominium, □ Duplex (2 units), □ Triplex (3 units), □ Fourplex (4 units), □  “PUD” Planned Unit Development, anywhere in Florida?  (Trailers and some manufactured homes may not qualify)

3.       Am I (Are we) planning to live in this home five years or more? □ Yes   □ No   

4.       Is my home free and clear of any mortgage debt?  □ Yes   □ No    Mortgage bal.: $___________ 

Monthly Payment:$_______

5.       Do all Senior Owners live in the home at least 6 month out of the year?  □ Yes   □ No

6.       Would I like to not have to make any monthly Principal & Interest mortgage payments as long as I/we live in this home?  □ Yes   □ No

7.       I estimate my home’s present market value at: $___________________

8.       Would I like to improve my financial quality of life? □ Yes   □ No

9.       Would I like to receive, tax-free, a monthly income as long as I live in this home? □ Yes   □ No

10.   Would I like to receive, tax-free, a lump sum of cash or a “Creditline” to cover expenses?           □ Yes   □ No

11.   Would I like to reduce my Taxable Estate and improve my financial planning?   □ Yes   □ No

12.   Is my home in Foreclosure**?    □ Yes (call right now, you could probably pay off your present mortgage)    

□ No                (**consult your attorney)   

13.   Am I in Chapter 13 Bankruptcy?**   □ Yes (call right now, you could probably get a discharge)     □ No                      (**consult your attorney)

14.   My other alternatives: a) Sell my home! □ Yes:    Real Estate Commission (6%): $________

                  Move where?: ______________  □ No 

            b) continue living in my home with my present income.   □ Yes   □ No    c) ______________

If you have answered Yes to questions #1 thru #4 and to others, you could be a Candidate, call me today. There are also Programs for homes worth many millions of Dollars. If you have a relative or friend that could benefit from a REM, please ask them to call me.