Friday, October 26, 2007

Another Reverse Mortgage Overview

Another Reverse Mortgage Overview

A reverse mortgage is a special home equity loan available only to homeowners 62 and older. It allows them to address various retirement needs by eliminating any existing mortgage payment and converting part of the equity in their home into a line of credit or tax-free income, without having to sell their home, give up title or take on a new monthly mortgage payment. Funds are available as monthly income, a line-of-credit, cash, or any combination. Call 1-888-973-8377 for more details.

Don't forget:
* You retain title to your home
* No monthly mortgage payments required
* Use the cash any way you want to

For a Reverse Mortgage, make sure you visit a national Reverse Mortgage Lender. You can also call 1-888-973-8377 to ask any questions.

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