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Reverse Mortgage Guide
Retire on Your Own Terms
Changes in reverse mortgage program make it easier, faster and
more secure.
If you're 62 years old or older and
need money to secure your retirement, pay off
debt, cover medical expenses, or help out the kids you'll be happy to know
the American Recovery and Reinvestment Act of 2009 raised the national
limit for government-backed reverse mortgages to $625,500 per home. Now
its easier than ever for you to qualify. But you'll want to act fast - the increase is set to expire 12/31/09 unless
extended by Congress.
What changes in the reverse mortgage
program mean for you:
- There are no income,
employment or credit qualifying restrictions.
- You own your home - not the bank.
- You never make a mortgage payment while
you live in the home
- You can receive a
large lump sum or receive
monthly cash payments.
- The money you receive is tax-free and
will not affect your Social Security or Medicare benefits.
- You may be eligible for a reverse
mortgage even if you still owe money on a first or second mortgage.
- You can refinance or sell whenever you
want - with no penalty.
-
Get a
Free Reverse Mortgage Guide that explains all your options and simplifies the
application process.
More Ways to Stimulate
Your Economy
Home Value Down? Take 40% or More Off Your Home Insurance
It just makes sense. Why pay to insure your
home's old value?
See if You Qualify for Home Loan Restructuring
Get a Personalized Debt Bailout Plan To Legally Eliminate
Your Credit Card Debt
Must Owe $10K or more in unsecured debt to
qualify
Settle
Your Tax Debt - Get on With Your Life
If You Owe $10,000 or more
in tax debt new laws make it possible to settle for pennies on the dollar.
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News for Public
Officials is dedicated to providing the best in news, press
releases,
the latest laws and services to help elected officials better serve the
people who elect them. The links form this page provide a free
service to homeowners and credit card holders. The guidelines for the Home Affordable
Modification Program are determined by governmental agencies and are
subject to change. The information and notices contained on
this website are intended as general research and information and are
expressly not intended, and should not be regarded, as financial or
legal advice. We attempt to ensure that the material contained on the
web-site is accurate and complete at the date first published, however
you should recognize that information contained on this web-site may
become out of date over time. Readers who have particular questions
regarding real estate financing or foreclosure, or who believe they
require legal counsel, should
seek the advice of an attorney. To learn more about the government plan
please read
MakingHomeAffordable.gov (pdf) |Send this page to a friend
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