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Reverse
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HECM
Reverse Mortgage
There are different types of Reverse Mortgages for different situations.
The most common type is the Home Equity Conversion Mortgage (HECM),
which is insured by the federal government.
*
Available for individuals 62 years old or older
* No income or credit qualification
* No monthly payments are required
* Delivers tax free monthly income (consult your Tax Advisor)
* Allows homeowner to live in their home
* Title to the home remains in the homeowners name
The number of reverse mortgage loans made throughout the United
States is increasing at a dramatic rate. The reason for this is
more and more seniors and their families are educating themselves
about the benefits of a reverse mortgage and deciding that it
is the best solution for them. The question you may be asking
yourself is "Is a reverse mortgage right for me?" or
"Is a reverse mortgage right for my parents or older relatives?"
Before
you can answer either of those questions, you need to get all
the facts and, for that, you've come to the right place! By following
the links above, you will be on your way to learning how a reverse
mortgage might benefit you or the senior in your life. When you
are ready to apply, or even if you just have more questions, we
hope you will call BCI Financial.
You
can also visit the AARP
Website for additional facts about Reverse Mortgages.
Call
for more information or click here
and answer a few general questions to have a qualified Reverse
Mortgage Specialist call you with specific answers to your specific
situation.
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