Seniors are using Reverse Mortgages to supplement their retirement incomes.
With 10,000 people turning 65 each day in the United States, many are turning to the Reverse Mortgage product from the FHA, to draw cash from their homes to enjoy life.
A Reverse Mortgage is available to Seniors age 62 or more, who live in their homes as their primary residence. The main difference with a Reverse Mortgage is there is NO monthly mortgage payments made to the Bank. A Reverse Mortgage does not need to verify your credit scores, your income, or employment. It’s easy to qualify; just need a date of birth, and we all have that!
Monies from a Reverse Mortgage can be obtained in a lump sum, or you can have a monthly amount deposited to your checking account each month, or have the money put on a credit line, available to you at anytime. Seniors can also Purchase a new home with the Reverse Mortgage for Purchase Program. Using a small down payment, a Reverse Mortgage for the balance of the purchase price, and live in the home without making any mortgage payments to the bank. Enjoy your life!
All Western Mortgage has been in the Las Vegas Valley since 1981, and George Lagarde, the Reverse Mortgage Consultant has been in the mortgage business for the past 28 years. George, a Senior Advocate, meets Seniors in their homes to inform and present the Reverse Mortgage Program to each member of the family, and make sure they all understand and realize the benefits to them of using this FHA guaranteed program. George Lagarde can be reached at the following number or email address:
George Lagarde NMLS: ID 18581
Reverse Mortgage Consultant
Changing Lives…one Senior at a time!