Showing posts with label Reverse Mortgage. Show all posts
Showing posts with label Reverse Mortgage. Show all posts
Wednesday, February 15, 2012
Reverse Mortgages
We haven’t talked about reverse mortgages lately. In the right situation they are wonderful. All of a sudden our client has no house payment (except taxes and insurance). In some cases they may even get a payment to them in the form of a lump sum of cash or other bills paid off. There is no credit check so credit is not a factor. The equity in the home and the borrower’s age are the main factors. If you have a friend that is interested send me the address and birth date and we can give you a rough idea.
You can reach me at 615-777-4663 (HOME) or email me at George.Margrave@migonline.com
Wednesday, March 16, 2011
Reverse Mortgages
Do you know what kind of loan you can get with horrible credit or no credit?
It is a reverse mortgage. They can be a life saver. Basically you need to be over 62 years old and have a good amount of equity and you might be in position to never have a house payment again. 80% of people with a Reverse Mortgage would recommend one to a friend. 56% of people with a Reverse Mortgage said they couldn’t afford basic monthly expenses without the loan. 44% of those folks said they would have had to leave their homes without a Reverse Mortgage.
Now is the time to look into it with no rise in Social Security for the 2nd time since 1975, now more than ever this could be a financial tool to help plan your finances and to let you live your life to its fullest. The industry has changed. If you looked at it before and found it too expensive, too confusing or too whatever, let’s look again. There is no charge to find out the answer to your questions. You might even be eligible to receive a monthly check or lump sum of cash as well as no house payment. And by the way, you can buy a new home this way (with a substantial down payment). Call for details.
If you are not in the group that can benefit, give your friend that might my number. They may love you forever.
I can be reached at 615-777-4663 or via email at George.Margrave@MIGonline.com
It is a reverse mortgage. They can be a life saver. Basically you need to be over 62 years old and have a good amount of equity and you might be in position to never have a house payment again. 80% of people with a Reverse Mortgage would recommend one to a friend. 56% of people with a Reverse Mortgage said they couldn’t afford basic monthly expenses without the loan. 44% of those folks said they would have had to leave their homes without a Reverse Mortgage.
Now is the time to look into it with no rise in Social Security for the 2nd time since 1975, now more than ever this could be a financial tool to help plan your finances and to let you live your life to its fullest. The industry has changed. If you looked at it before and found it too expensive, too confusing or too whatever, let’s look again. There is no charge to find out the answer to your questions. You might even be eligible to receive a monthly check or lump sum of cash as well as no house payment. And by the way, you can buy a new home this way (with a substantial down payment). Call for details.
If you are not in the group that can benefit, give your friend that might my number. They may love you forever.
I can be reached at 615-777-4663 or via email at George.Margrave@MIGonline.com
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