An Educational Seminar: How to Supplement Your Retirement Without Selling Your Home: Reverse Mortgages
A reverse mortgage is a program that allows senior homeowners that are 62 years of age or older to transform some of the equity in their homes into a tax-free income without having to sell the home, give up the title or make monthly mortgage payments. Instead of making monthly payments to a lender, as with a regular mortgage, a lender makes payments to the client in one lump sum, in monthly payments or in credit line requests.
A reverse mortgage can benefit seniors who are burdened by the cost of living, taxes, prescriptions and do not have an income or who simply want to enhance their lives. There are no income or medical requirements that seniors must have in order to qualify.
Come learn how to not only keep your quality of life but learn how to increase it!