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BENEFITS
- Tax free funds for as long as you live in your home.
- No restriction on how you may use the funds.
- No income, medical or credit requirements.
- No money needed to close the loan.
Closing costs and fees incurred can be
financed as part of the loan.
- Interest rates are adjustable and can
change periodically; however this does not
affect the amount you will receive.
- You may sell your home at any time,
repay the loan and receive the remaining
equity as cash.
- Interest is paid at the time the loan is repaid.
- Social Security benefits and Medicare
are generally not affected by a reverse
mortgage - consult your tax advisor.
- No monthly loan re-payment burden during
the remainder of your lifetime in the home.
- Tax-advantaged way to pass on part of
your estate today.
- When the loan is due, your heirs have
choices - repay the loan and keep the house
- sell the home and repay the loan receiving
whatever equity is remaining as cash.
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