Monday, March 24, 2008

GO FORWARD WITH A REVERSE MORTGAGE!

Reverse mortgages are the topic of the moment in the mortgage field and are especially relevant to Sarasota's age demographics. If you (or your parent) are over 62, have a large equity in your home, and want to live in the home for the rest of your life, a reverse mortgage is worth considering. Despite a reputation for high closing costs, these mortgages carry many unique features. A senior on a limited income has no qualifying worries as the home value is the major criteria. No credit check required either. A senior might set up a reverse mortgage with an equity line for insurance against possible large future expenses. Welcome to discuss any scenarios via my anytime number is 941-356-7511.

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