Living in Florida I have a lot of elderly neighbors not to mention elderly clients at work. There are a lot of scams on the elderly and I think many feel like reverse mortgages are scams which they are not. That being said, reverse mortgages certainly aren't right for severy senior citizen but with guidance from the proper professional to help you weigh the pros and cons they certainly are able to help some!
All Reverse Mortgage is a family-owned company that specializes in reverse mortgages for seniors over 62 years of age. Previously reverse mortgages had a lot of fees charged and were usually considered a last resort but times have changed. Reverse mortgages are now more similar to traditional mortgages with low or no closing costs and competitive interest rates.
Reverse mortgages are not for everyone – you need to be 62 or older and own your home. A reverse mortgage lets you pull money out of your home using this fedeeral program. You can elect to take monthly payments or a lump sum and the loan payment is deferred until you sell the home or pass away.
ALLRMC.COM is a blog-style site with many informative articles you can review as well as a free calculator so you can see how much money you qualify for along with fees and interest rates for the reverse mortgage. If reverse mortgage is something you or your loved one are considering visiting ALLRMC.COM would be a good first step as would be consulting a financial planner or other financial advisor.
Check out HOT Amazon deals on your favorite items!