|
|
 |
|
 |
|
Frequently Asked Questions Who really owns my home? You do. A Reverse Mortgage is a lien, just like a traditional mortgage. Repayment is required when the last surviving borrower sells the house, moves away or passes away.
How much money can I receive? How much you (the borrower) will be eligible for depends on 3 factors:
While every situation is different, as a rule of thumb, the older you are and the higher your homes’ appraised value, the more money you may be eligible to receive.
How can I receive money? Proceeds can be received in any combination of:
What are the “Out of Pocket Costs”? Typically there is only one, an application fee that included the cost of an appraisal (Other loan costs are financed with your Reverse Mortgage).
Getting Started is Easy A Reverse Mortgage is an important decision. For many Americans it can provide a solid financial base that can improve your quality of life. As a local approved lender of The Senior Lending Network we will be happy to meet with you at your convenience and discuss your needs and answer any questions you may have. We are dedicated to helping you. Call to speak with you local approved representative. Northeast Financial Corp - 920 Lenmar Drive - Blue Bell, PA 19422 Office Phone: (610) 291-6415 Licensed Mortgage Banker in PA, NJ and FL 
© 2008 Myers Internet, Inc. All Rights Reserved Powered by: Myers Internet, Inc. | Admin Login |
