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FIND OUT IF A REVERSE MORTGAGE IS RIGHT FOR YOU
The United States Department of Housing and Urban Development (HUD)
created Reverse Mortgages in 1989 to give older Americans greater
financial security.
Reverse Mortgages are becoming increasingly popular in America.
Long before the current economic disasters facing our America it
was obvious that Reverse Mortgages would be a major solution to the
impending
financial burden of 78 Million Baby Boomers.
This Site is
A
Free Service Sponsored by Seniors
for Senior Homeowners, their
Families, Friends, Financial Advisors and Non-Profit Counselors. We have
successfully helped thousands of consumers 'Get the Truth' about all
available options.
Qualifying for a Reverse Mortgage.
To be eligible for a HUD Reverse
Mortgage you must be a homeowner 62 years of age or older and
you are required to meet with a HUD Approved Counselor to
make sure you understand what this program can
mean to you.
What Can You Do With the Money?
The
tax free proceeds from a Reverse Mortgage can be used for
anything.
Your unpaid mortgage balance, if any, must be
paid off from the proceeds of the reverse mortgage.
There
are No Credit, Income or Health Requirements.
With a
Reverse Mortgage, you
can turn the value of your home into cash without having to repay the loan for as long as you live
there.
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