Reverse Mortgage Information - Get the HECM Basics

Reverse Mortgage Info

Reverse Mortgage Info - Reverse Mortgage & HECM Info

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🔥Get Your Free Reverse Mortgage Info Kit at: [e-mail]

Video & podcast transcript:

Thank you for stopping by. This video is put on by RMLA.COM a reverse mortgage information website. You probably landed here because you typed in the search engine Bing, Google, YouTube, you name it something like "reverse mortgage info" or "reverse mortgage basics". I have a simple way to explain how a reverse mortgage works. You probably have or maybe you have in the past had a regular mortgage, just a traditional home loan. I bring that up because, a reverse mortgage, it works alot like a traditional mortgage, but there's 3 tiny, key differences. The first difference is that there is an age requirement. You have to be aged 62 or older to qualify (and this is for the FHA, the federally insured reverse mortgage program). There is a new program out where you can do a reverse mortgage at age 60. It's a private reverse mortgage. The thing with that option is it's only available in a couple of states at the moment (and it's 2018 when we filmed this video). The 2nd difference is that there is an equity requirement with a reverse mortgage. At age 62 you can borrow roughly 40 percent of your homes value and on the other side of the age spectrum you can borrow roughly 70-75% but you have to be aged 90 or 95 to get to that amount and it just starts at roughly 40% and moves upward on a sliding scale with every passing year. You'll want to connect with us for details in terms of how much you get based on your exact date of birth. Now, the 3rd and final difference is that there is no monthly payment on a reverse mortgage for as long as you live of for as long as you live in your home. Now, the big question is; what were you hoping a reverse mortgage would do for you? I invite you to get your free reverse mortgage info kit. Click on the link or the email address either at the top of bottom of this video. Shoot us an email asking for your free info kit. Talk to you soon.

🔥Get Your Free Info Kit🔥

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You can get more info from the Lifesource Reverse Mortgage page. LifeSource Mortgage Brokers Loans in California, Colorado, & Idaho. www.ReverseMortgageLoanAdvisors.com and Reversed TV Is not a lender, bank, or mortgage broker, nor is it affiliated with HUD or FHA. Reverse Mortgage Loan Advisors is simply a website designed to offer information about the FHA insured reverse mortgage program. However, the owner of the site is licensed as a reverse mortgage specialist in several states. Anyone that inquires and requests more information may be contacted by the owner of this site. If the owner of this site is not licensed to conduct business in the state you reside, one of our affiliates will contact you instead. #ReverseMortgageInfo #ReversedTV #ReverseMortgages