Senior Citizens Retirement Income
Senior citizens often don’t learn how reverse mortgages can save them money, ease their financial burdens, and even resolve their debt. But as a senior citizen, you’re entitled to a senior reverse mortgage, in which the value of the home is provided as cash, a line of credit to draw from, or a monthly income. The greatest benefit then of taking out a reverse mortgage is that no payments required until the last surviving borrower moves, sells the home or passes away. Many families, then, are discovering the joys of financial freedom reverse mortgage and the possibilities of reverse mortgage as retirement income.
As a source of retirement income, you can rely on the reverse mortgage as a financial freedom loan. The HECM provides a dependable tax free source to supplement retirement income.
This reverse mortgage can sound too good to be true – especially to a senior citizen wary of being duped by ‘small print’ or what’s between the lines. But a reverse mortgage is a special type of loan simply because it lets you tap into the equity in your home and receive cash – with easier income or credit qualifications than HELOCs, and you don’t have to make monthly payments! You can receive cash payments tax-free, and the loan doesn’t have to be repaid until you permanently leave your home. Thus, you can rely on a reverse mortgage as steady income without fear of unstable markets and without worrying about your own ability to produce a monthly payment. Perhaps most importantly, our reverse mortgages are completely backed by the U.S. Government and major financial institutions.
Call (775) 770-0870 to learn everything you can about the greatest loan program for senior citizens. A whole world of options will open up to you, giving you a chance to finally rest easy about your financial situation without excessive risk. As a senior citizen, you finally have the opportunity to find a financing tool that leaves you with a nest egg that is truly comfortable. Call Maggie O’Connell today and take advantage of a reverse mortgage plan!