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FIND OUT IF A REVERSE MORTGAGE IS RIGHT FOR YOU
Congress
Raised Reverse Mortgage Loan Limit to
$417,000 Nov.2, 2008
Free Public Service
for Senior Homeowners, their
Families, Friends, Financial Advisors and
Non-Profit Counselors.
We have successfully helped
thousands of consumers 'Get the
Truth' about all available reverse mortgage
programs. We have never shared
anyone's personal information with any 3rd
party and we never will.
Qualifying for a Reverse Mortgage.
To be eligible for a HUD Reverse
Mortgage you must be a homeowner 62 years of age or older and
you are required to meet with a HUD Approved Counselor to
make sure you understand what this program can
mean to you.
What Can You Do With the Money?
The
tax free proceeds from a reverse mortgage can be used for
anything.
There
are No Credit, Income or Health Requirements.
With a reverse mortgage, you
can turn the value of your home into cash without having to move or repay the loan each month. A reverse mortgage is a loan against
your home that you do not have to pay back for as long as you live
there.
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