Reverse Mortgages

Retired?  Use the trapped equity in your house to fund your retirement.

How would you like to not have to make another mortgage payment and get money sent to ever month?

If you are over 62 years of age and have equity in your home you may be eligible for a reverse mortgage.

Possilbe Benefits:

• No more mortgage payments
• Use equity to provide monthly income for life or for a certain term
• Receive a lump sum payout or use the equity only when you need it on a line of credit.
• Pay off bills
• Pay rising Medicare and health costs
• Remain complete ownership in the house
• Can live in your house for life

Possible Drawbacks

• Loan balance grows over time
• Future equity for heirs may be diminished
• Cost of the loan are financed into the loan
• Loan is to be paid back after the last homeowner's death or if they vacate the property.

For More Info watch this video click here Presentations - Customizable HECM.ppt

Do you have questions if a Reverse Mortgage is right for you?

Call Joe Rapisarda Jr.

Reverese Mortgage Specialist

Rapisarda Home Loans

707-208-1916

JoeRap@lendscape.com

www.HonestLender.com