NO PAYMENTS FOR LIFE
WITH A REVERSE MORTGAGE!
Reverse mortgages are
FHA sponsored, government loans
which allow seniors to tap into their home equity and obtain tax-free money
without
having to make any monthly mortgage payments for the rest of their lives!
How do you qualify for this loan…it’s easy
1.
All borrowers must be at least 62 years old
2.
All borrowers must have occupied the property
as their
principal residence for at least 12 months
3.
All borrowers must be on title
4.
Existing liens are ok, will be paid off at closing
Best of all…
1.
There are no credit or income requirements
2.
Seniors retain title to their home
3.
Loan is repaid when the senior moves or upon death
These funds
can be used for anything and are available as a lump sum, monthly term, monthly
lifetime, a line of credit or a combination.
You can
supplement your monthly income to continue living in your own home, buy a car or
vacation home, travel, make home improvements, contribute towards a grandchild’s
college education. The options are yours!
Click here to get
started
or you can call
Richland Mortgage
Get
the answers to all your questions today
630-515-1010
Rates,
programs, terms and guidelines are subject to change without notice due to
unforeseen market conditions and borrower’s credit profile. Funds are provided
by various investors and subject to availability. This information is provided
to assist real estate professionals and is not an advertisement to extend
consumer credit as defined by Sec.226.2 of regulation Z.
Richland
Mortgage Company is an Illinois, Indiana, Wisconsin, Michigan, New York
and New Jersey Licensee.
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