Is a Reverse Mortgage for You?

It gets harder every day to live on a fixed income. A Social Security or pension check buys less and less every year. If you’re like most Americans, you’re probably wishing right now that you’d saved more money.    But in fact, if you’re a home owner, you actually have a form of “saved money,” and that is the equity in your home.   With a reverse mortgage, you can draw on that equity without fear of losing your home.

 A government-sponsored program has been designed to protect Senior homeowners and allow them to use a portion of their home equity as tax free income.  Because of this program, you don’t need to sell your home, you don’t need to give up the title, and you don’t have to leave your home.

In a few short years, twenty percent of the population of the United States will be 65 years old or older.  In 2005 alone, over 43,000 Senior homeowners took out a federally-insured reverse mortgage. Some people in the industry predict that four times that number will be issued in 2006.

 Is it your turn?

Ted O'Connor will help walk you through the reverse mortgage process.  Contact him today for a Free Analysis to see whether you qualify for a reverse mortgage. Use our handy form here or you can reach him by phone or email for more information.

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Discounts for AARP Members