What are the benefits of taking a lump sum reverse mortgage payment?
What are some advantages of the lump sum option?
American Advisors Group | Phil Scott
The lump sum payment option is a great idea if you have an existing mortgage balance to pay off, a big item you want to purchase, home improvements you want to make, a big trip to take, or something if this nature. If you take a lump sum, you also have the option of choosing the fixed rate interest option. This means you will always know how much your loan will be growing by, no matter what level the interest rates rise or fall to. To find out more about your options, please make a call to AAG today.
To set the process in motion, order a copy of our free educational DVD, featuring Former Senator Fred Thompson. The DVD is a fantastic source of information, so request one today through the link provided or call the number at the top of your screen.
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: 4/5/2011
To set the process in motion, order a copy of our free educational DVD, featuring Former Senator Fred Thompson. The DVD is a fantastic source of information, so request one today through the link provided or call the number at the top of your screen.
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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