Reverse Mortgage

 

DO YOU KNOW ABOUT

                             REVERSE MORTGAGES?

 

A reverse mortgage is a FHA insured program that enables older homeowners (62+) to convert part of the equity in their homes into tax-free income.

 

The homeowner receives:

                 **Monthly Income, or

                     **A Lump Sum of Money, or

                     **A Line of Credit, or

                     **A combination of any or all of the above.

 

The homeowner can use the funds for anything:

                   **Daily living expenses

                       **Home repairs and improvements

                       **Medical bills and prescription drugs

                       **Home Health Care or Household Help

                       **Pay-off of existing debts

 **Any other needs or wants! (new car, travel, help family members, etc.)                  

 

How do you qualify?  If you and your spouse are at least 62 years of age and own a home you may be eligible.  There are no special income, credit or medical requirements to qualify. 

 

How much cash will you receive?  The amount you will qualify for will depend, in part, on your age and the value of your home.

 

Now is the time!!  If you, a family member or a friend would benefit from this Government Insured Program  please contact Carole Johnson for additional information. 

 

During a simple phone call or a short (no cost) meeting we can tell you if you qualify and give you an estimate of the cash available from your equity with this program.

 

Carole Johnson, CFP                                                  

510-632-3272
carole@tgjohnson.com