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Top 10 List: Why You May Consider a Reverse Mortgage |
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A reverse mortgage is a mortgage plan that allows you to use the equity
built up in your home when you need it most, rather than waiting until
you sell your home to realize that gain.
Want to know why more mature adults are considering a "reverse mortgage"?
Top 10 List: Why Seniors Choose a Reverse Mortgage
- To pay off existing mortgage & eliminate monthly mortgage payment.
- To
provide supplemental income - many seniors receive up to $500-$1000 per
month to supplement Social Security and monthly pensions.
- To
establish a significant line of credit account to help pay property
taxes, home owners insurance, and other major expenses.
- To prevent foreclosure.
- To travel more often and have the money to do so comfortably.
- To have funds for home repair and home remodeling.
- To buy new car or other big ticket items they would like.
- To afford necessary in-home healthcare/prescription drugs or other healthcare expenses.
- To enjoy the security of having money available should they ever need it.
- To exercise the freedom that a little extra money can bring to participate in the activities they enjoy.
For
additional information regarding reverse mortgage options, call Ron
Bartley of Wells Fargo Home Mortgage at 317-371-5126 or 866-281-7494
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Hot Topics for Seniors 
