Reverse Mortgages help older Americans utilize the equity they have in their home to enjoy what they have worked so hard to accomplish. Homeowners 62 years can use a Reverse Mortgage to consolidate debts, pay for taxes and medical expense, home improvements, or a number of other financial needs. The process is simple and allows seniors to enjoy retirement, instead of worrying about their financial future.

Reverse Mortgage Refinance - Home Ownership Help For Retirement, Debt Consolidation and Cash Out
By Tim Marose

Reverse Mortgages help older Americans utilize the equity they have in their home to enjoy what they have worked so hard to accomplish. Homeowners 62 years can use a Reverse Mortgage to consolidate debts, pay for taxes and medical expense, home improvements, or a number of other financial needs. The process is simple and allows seniors to enjoy retirement, instead of worrying about their financial future.

Some of the benefits of a reverse mortgage are:

Financial Freedom - with a reverse mortgage, you no longer make mortgage payments, the mortgage company pays you!

Simple Qualification - Income, credit, and employment are not required to qualify for a reverse mortgage. You simply need to have equity in your home.

Ownership - A common misconception about reverse mortgages is that seniors lose all the equity in their home. Any remaining equity in the home belongs to the home owner or their heirs. No other assets are affected by a reverse mortgage.

Independence - Seniors still own their home and continue to live there.

Disbursement Options - With a reverse mortgage, Seniors can receive a lump sum payment, monthly installments, a line of equity which can be drawn against, or a combination of the three.

Tax-Free Income - you are not taxed on the money you receive from a reverse mortgage, and it should not affect Social Security or Medicare. (please consult your attorney or tax advisor to see how it could affect your financial situation)

To find out more about Reverse Mortgages, go to www.tmmortgagegroup.com or call 1-800-696-1424

Tim Marose
http://www.tmmortgagegroup.com

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