Wednesday, October 25, 2006

Reverse Mortgage Key Features

Reverse Mortgage Key Features

Only for homeowners 62 and over.
There are no income or credit qualifications.
No out-of-pocket application fees
All closing costs are financed into the loan.
Existing mortgages are paid off with the loan proceeds.
The borrower makes no monthly payments.
The home continues to be owned by the borrower.
The proceeds from the loan are non-taxable.
Borrower can take a lump sum, open a credit line, or receive monthly payments.

To speak with a Reverse Mortgage Specialist from RTG Consultants, call 1-888-973-8377.

You can also use the Reverse Mortgage Calculator or a FREE Reverse Mortgage Quote from a Reverse Mortgage Lender.

0 comments: