Marilyn Watson Reverse Mortgage Consultant 928-775-7255
BENEFITS: 1. No Mortgage Payment 2. No Income Qualifications 3. Government Insured 4. Tax Free Income 5. No Credit Check 6. You Retain Title 7. Must be 62 or older 8. Eligible even if there is an existing first or second mortgage.
Call Marilyn (PCC resident) for a FREE Reverse Mortgage Handbook.
SENIORS: Is a Reverse Mortgage Right for You?
Helping Seniors
Our homes are among the biggest financial commitments that we make. But many people don't realize that their home can provide substantial tax-free income, just when they need it the most. You've taken good care of your home over the years, and now your home can help take care of you - with a reverse mortgage from Met Life Bank.
You'll be able to continue living in the home where you feel comfortable, for as long as you like. You'll make no monthly mortgage payments, and you take care of any of your financial needs.
What is a Reverse Mortgage?
A reverse mortgage is a loan that allows seniors to use the equity they have accumulated in their homes over the years to improve their quality of life. By converting equity into income, a reverse mortgage is a way to stay in your home and receive cash to use generally for any purpose - whether it's day-to-day-living expenses, home remodeling, repair, paying off existing debt, in-home health care cost, or traveling the world. Best of all, you retain title and remain living in your home.
Who Qualifies?
Homeowners who are 62 or older may qualify and be eligible even if there is an existing first or second mortgage. The size of the reverse mortgage depends upon the applicant(s) age(s), the program selected, the home's value, prevailing interest rates, program lending limits and current interest rates. There are no income qualifications.
Tax-Free
A reverse mortgage turns a portion of the equity you have in your home into tax-free money you can use right now (consult your tax advisor). You can receive a lump sum of cash, choose regular monthly payments, a line of credit or a combination of all three.
No monthly mortgage payments.
You make no monthly mortgage payments on a reverse mortgage. The Loan is not due to be paid until you sell, move or die.
Use the money for anything you need or want.
Replace lost retirement income
Pay for home repairs or renovations
Pay for long-term health care insurance
Pay the cost of health care and prescription drugs
Pay off existing mortgages, taxes and other debts
But a motor home or a vacation home
Buy a new car, boat, or make needed repairs
Give your kids a down payment for a house
Give to your church of other charities
Travel and just have more fun!
Over 70,00 HOMEOWNERS have benefited by using a reverse mortgage to secure their financial future. If you are 62 or older with equity in your home, you may be eligible for a reverse mortgage from Met Life Bank.
