"You worked for your home. Now let your home work for you!!!"
Would tax free income make your life more fulfilling and less stressful? Tired of stretching your retirement dollars to meet financial obligations with never enough and nothing left over?
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More and more seniors 62 years and older are calling a Reverse Mortgage a blessing and a road to financial freedom.
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A reverse mortgage allows homeowners to receive tax free income by tapping the equity in their homes. Unlike other kinds of home loans, the equity loan doesn't have to be repaid until the homeowner vacates the home for 12 consecutive months, sells the house, or dies.
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With a reverse mortgage a lender makes payments to you based on the equity you've accumulated in your home, and you always retain ownership of your home.
Three factors are used when calculating the size of a reverse mortgage available to you:
1. You should be 62 years or older. The older you are, the larger the amount.
2. The Value of the home. The Higher the value, the more equity is available.
3. Current interest rates; The Lower the interest, the more cash available.
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The most popular reverse mortgage is the Home Equity Conversion Mortgage and the only one insured by the federal government. With a HECM, you'll never have to repay the loan as long as you live in your home.
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The guarantee is financed by an insurance premium included in the cost of the loan. It also guarantees that your payback can never exceed the value of your home. The federal government would pay the difference to the lender.
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None of your other assets are ever involved. Further consumer protection is HUD's requirement before applying for a reverse mortgage, to meet with a reverse mortgage counselor. Sessions are generally face to face, but may be done by phone. There is no charge.
You may receive your tax-free money as a lump sum, monthly payments, an interest earning line of credit or a combination of all three. Don't be "house rich" and "cash poor". You worked most of your life for your home, now let your home work for you. For Information or any questions about Reverse Mortgages you may contact Jan Ferrara at :
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(480) 816-4564 (888) 738-6674 toll free (480) 816-4563 Fax 
Farwest Mortgage -State Wide- in home Appointments. Jan is a HUD FHA approved Reverse Mortgage specialist. Member-National Reverse Mortgage Lenders Association.
Live In Your Home and Get PAID For It. $$$ •Reverse Mortgage • Retain Ownership • Tax Free Income • Cash For Any Need