Maggie's Reverse Mortgage Blog : March 2011

Inheritance Becomes a Windfall for Senior – New Home and Money to Boot!

Juanita looked after her sister for years. When Sis passed away, she left her home to Juanita who has rented an apartment all of her life. Fortunately, Juanita had been watching me talk about reverse mortgage for years on KRON4 in San Francisco. She gave me a call to see if she could use the equity in her home to help pay for the property taxes and homeowner’s insurance and do some remodeling. The answer was yes, yes and yes! The reverse mortgage provided Juanita a monthly stipend and a lump sum of cash to fix up her new home her sister so generously left to her. There was no income qualification because there are no monthly payments required on the reverse mortgage. Property taxes in California can be a burden, but Juanita was able to set aside funds specifically for those tax payments. Knowing that taxes and insurance payments will be met and having funds to keep up the maintenance of her home, Juanita has the peace of mind of knowing that she will never be forced out of her home, even if the mortgage balance exceeds the value of her home. To find out how a reverse mortgage can work for you or a loved one, please give me a call at 800-684-9438 or send an e-mail to Maggie@rmstore.net. My Website has a wealth of information at ReverseMortgageStore.com 

Comment balloon 0 commentsMaggie O'Connell • March 13 2011 07:54PM
Inheritance Becomes a Windfall for Senior – New Home and Money to…
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