hat is a reverse mortgage?
What is a reverse mortgage?
American Advisors Group | Will Rae
A reverse mortgage is a very safe loan that has helped hundreds of thousands of seniors across the United States. A reverse mortgage allows seniors, aged 62 and over, to access a portion of the equity tied up in their homes. What makes the program different is the loan is not due to be paid back until all named title holders have left the property. Instead, the fees and interest build on the original loan amount. The loan is paid back when the homeowner moves out or passes away, usually by the sale of the home. However, the reverse mortgage company never owns the property, so the home or all remaining equity can be passed to the homeowner or their heirs. If you meet the following requirements, please do make a call to us - all named deed holders must be 62 years or older, the property must be your main residence, and you must own the property outright or have a mortgage balance that can be paid off. If living a life free of monthly mortgage repayments sounds like the best option for you, then please do order a copy of our informative DVD, which we'll send to you for free, along with a brochure about the reverse mortgages we offer. Just phone us on the number provided or contact us through the link provided on this website.
Disclaimer: The response above is not intended to be anything other than the educated opinion of the author. It should not be relied upon as financial advice. America Advisors Group recommends speaking directly with an AAG Reverse Mortgage Professional regarding your specific situation and needs. Please call 1 (800) 466-0572 to receive AAG's information pack with a FREE DVD and Brochure featuring Former Senator Fred Thompson.
Replied: 4/13/2011
Disclaimer: The response above is not intended to be anything other than the educated opinion of the author. It should not be relied upon as financial advice. America Advisors Group recommends speaking directly with an AAG Reverse Mortgage Professional regarding your specific situation and needs. Please call 1 (800) 466-0572 to receive AAG's information pack with a FREE DVD and Brochure featuring Former Senator Fred Thompson.
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Ask Your QuestionMore Questions
- Is there a set maturity date on the reverse mortgage?
- How will my reverse mortgage affect my eligibilty for other types of loans?
- Can I start paying off my reverse mortgage now?
- Do my property taxes differ with a reverse mortgage?
- Does the bank own my home after I sign up for a reverse mortgage?
- How do I apply for a reverse mortgage?
- How do I designate who will receive my reverse mortgage debt?
- Can I get a reverse mortgage if I have a part time job?
- Which reverse mortgage will cost me less?
- What are the pros and cons to a reverse mortgage?
- How do I know if I qualify for a jumbo reverse mortgage?
- What are the out of pocket expenses of a reverse mortgage?
- Would it be practical for me to get a reverse mortgage if I need financing for a short amount of time?
- Am I going to have to pay back my reverse mortgage if I choose to sell my home?
- What happens if my loan balance on my reverse mortgage is greater than my house value?
- How many lenders should I talk to before getting a reverse mortgage?
- What bills will I still be required to pay if I sign up for a reverse mortgage?
- What is the timeline and requirements I have to follow if I want to cancel a reverse mortgage?
- How long will I have to sign the paperwork once I get approved for a reverse mortgage?


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