The Reverse Mortgage – Helping Seniors
I want to inform everyone of a unique loan program that we offer to seniors. It is known as the Reverse Mortgage. The reverse mortgage is designed to assist seniors who need to borrow against the equity in their home without the obligation to make monthly payments.
The reverse mortgage is specifically designed for people 62 or over who own and occupy their home. This is a safe government insured FHA loan at very competitive interest rates. The borrower can receive the money in a lump sum, as a credit line, or as monthly payments.
The benefits of the reverse mortgage are no Monthly payments, no Income or credit qualifications, tax free income, the borrower retains ownership and title to the property and the money may be used for any purpose.
SCME Mortgage Bankers is one of the leading providers of reverse mortgages. If you know anyone who is 62 or older, who owns a home and needs cash, please call me at 619-742-3393.
Author Contact Info:
Aaron Johnson
http://www.scmehomeloans.com
619-742-3393
Hi Aaron,
My firned has a elderly relative that wants to move back from San Diego, but is in a home in Phoenix. Would this option work for her?