Reverse Mortgages: 7 Facts You Need to Know (TEXAS & California)
Perhaps you have a friend or family member who has been dreaming about this moment throughout their working life–BEING RETIRED and having the time and money to: Travel, fix up the family home, indulge in hobbies, visit grandchildren, spend weekends at the cottage, help their children buy a home, pay off debts, help their grandchildren with tuition fees, and most importantly, not have to worry about anything! But now that they’re over 62, they may have been caught off guard by the expenses associated with retirement, such as property taxes, rising energy and utility expenses, and the overall cost of living, which seems to get higher every year. Sure, they have their pension income, but it may not be enough to make ends meet. Most seniors have most of their assets tied up in their house. But accessing that equity can be difficult.
Most banks won’t give them a mortgage because they don’t have enough income to make monthly payments. But don’t despair -there is a solution. It’s called a reverse mortgage. A REVERSE MORTGAGE is a specialized financial product for people 62 and over who own their own home. It lets you stay in your home while benefiting from the value you’ve built up in that property over the years. Compared to a regular mortgage, a reverse mortgage can offer substantial monthly cash savings, so you have all the income you need to live the retirement of your dreams.
Do you know anyone who might benefit from a reverse mortgage in TEXAS or California? If so, please call us at (512) 861-6566 so we can send them our FREE GUIDE titled “7 Facts You Need to Know About Reverse Mortgages.” They’ll love you for it!