What happens when we get older and the cost of living continues to rise? For many of us, Social Security checks, small retirement funds and/or savings will not satisfy our monetary needs. Reverse Mortgages are a a very reputable option for those aged 62 and older who are in need of steady financial support.
Upon retirement, what typically happens to seniors is that they become equity rich, but cash flow poor. HECM Reverse Mortgages have the ability to give an extra income for as long as they live in their house, providing them with accessible cash without making any more payments.
The pros of a HECM Reverse Mortgage include no monthly payment due until the homeowner moves, passes away or sells the home. Also, a good credit rating and income are not a part of the qualification process, which means it is easy to qualify for a reverse mortgage."
To learn more about HECM Reverse Mortgages visit http://www.hecmreversemortgages.com/.
To learn more about HECM Reverse Mortgages visit http://www.hecmreversemortgages.com/.
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