Showing posts with label information. Show all posts
Showing posts with label information. Show all posts

Thursday, November 13, 2008

Reverse Mortgages in uncertain economic times

Recently I have been hearing from a number of seniors that they want to take the "wait and see approach" to thier financial future and decide later if they want the education on the Reverse Mortgage. In uncertain economic times waiting to learn about the Reverse Mortgage is possibly the WORST thing to do. Consider this - as we listen to the news and do a little research on the economic climate my feeling is that things are going to get worse before the get better. At least they aren't going to get better for some time, but it will get better - we just don't know when. So why wouldn't you take the time to look at the Reverse Mortgage program. There are a lot of companies that will send you free information, will answer your questions over the phone and will even meet face to face with you and your family.

Here are the reasons taking the wait and see approach is possibly the WORST thing to do in regards to learning about the Reverse Mortgage:

Currently the interest rates are at an all-time low (which means more cash to you).


Currently
the cash from a Reverse Mortgage is Tax-Free.

Currently no income qualifications are required.

Currently there are banks that will fund Reverse Mortgages.

The Reverse Mortgage gives you control over your cash – when you leave the cash in your house, the bank has control over it and when the government has a stake in the major banks…then what??

Now is the time to explore your options!



Reverse Mortgage Man
(866) 800-0280