If you are 62 of age or older, a reverse mortgage could help you meet your financial obligations and allow you to retain ownership of your home. You can stay in your home as long as you want and never make another mortgage payment.

With a reverse mortgage, the payments are reversed. Instead of you paying the mortgage company, the mortgage company pays you. All the closing costs can be financed into the initial mortgage balance. Then each month any money that you receive, along with the interest and serving fee, is added to the outstanding mortgage balance.

The mortgage does not have to be repaid until you decide that you no longer want to occupy your home as your primary residence. When the loan is repaid, you will never owe more than the appraised value of your home, and any remaining equity goes to you or your heirs.

• You Retain Ownership Of
     Your Home
  
• You Can Live In Your Home
      As Long As You Want
  
• Money You Receive Is Tax-Free *
  
• No Income Qualification
  
• No Credit Qualification
  
• No Health Requirements
  
• No More Mortgage Payments
  
• Your Heirs Can Still Inherit
     Your Home
  
• Reduces The Burden On Your
     Children
  

1. Lump Sum Cash Payment At Closing
   
2. Monthly Payments To You
   
3. A Line Of Credit For You
   
4. A Combination Of All Three Above
   

• Pay Off Your Existing Mortgage(s)
• Have Cash Reserve For Emergencies
• Pay For:
     Health Care Costs/Prescriptions
     Insurance
     Debts
     Home Repairs/Improvements
     Property Taxes/Insurance
     Daily Expenses
     Vacations