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Could you use a Reverse Mortgage in Retirement?

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Could you use a Reverse Mortgage in Retirement?

Throughout your working life, you’ve dreamed of retirement. But wait a minute! How’s your retirement income going to pay for property taxes, unexpected medical bills, rising energy and utility expenses, and the overall cost of living?

If you are 62 or older and own your home, you may qualify for the government insured Reverse Mortgage. A reverse mortgage may allow you to access your home’s equity while retaining ownership of it.

We’ve prepared an essential retirement resource entitled, “What You Should Know About Reverse Mortgages”.

In it, you’ll learn:

  • A reverse mortgage may be easier to qualify for than a typical loan
  • No more monthly mortgage payments* (Borrowers must continue to make monthly/periodic property tax, insurance and maintenance payments, and may risk default if payments are not made.)
  • Tax-free monthly cash flow and/or line of credit to use anytime*
  • Cash received can be used for any purpose
  • Closing costs may be financed as part of the loan
  • FHA-insured … for peace of mind and security

Contact your Ideal Lending Solutions Loan Officer to receive your FREE guide!

Click here to learn more about Reverse Mortgages

*American Financial Network, Inc. is not acting on behalf of or at the direction of HUD/FHA or the federal government. Home must be primary residence. AFN is not a tax or financial advisor. Consult a licensed tax professional and appropriate government agencies regarding deductibility of interest and other effects on taxes. Other requirements and conditions may apply. Please contact your loan representative for more information. Products not available in all areas.

Ideal Lending Solutions | West Palm Beach | Boca Raton | Jupiter | Aventura
American Financial Network, Inc., DBA Ideal Lending Solutions, is not a government entity; CORP NMLS# 237341 ; Equal Opportunity Employer ; Equal Opportunity Lender American Financial Network, Inc. 10 Pointe Drive, Suite 330, Brea, CA 92821. Click here to view our current licensing information as listed on NMLS® Consumer Access.

Equal Housing LenderAmerican Financial Network, Inc. is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age (provided you have the capacity to enter into a binding contract), because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. The federal agency that administers our compliance with these federal laws is the Federal Trade Commission, Equal Credit Opportunity, Washington, DC, 20580.

American Financial Network, Inc. is not acting on behalf of or at the direction of the federal government, and this offer is not being made by an agency of the government.