Reverse Mortgages

 

*VISIT OUR NEW Landmark Reverse Mortgage Site!!

(www.landmarkreversemortgage.com)

 

Now your home will finally pay for you!

Landmark Mortgage, a trusted financing resource for Seniors for over 23 years, would like to tell you about the benefits of a Home Equity Conversion Mortgage, or Reverse Mortgage.

What is a Reverse Mortgage?

A Home Equity Conversion Mortgage is a reverse mortgage solution, a special type of loan that pays you. By using the equity you have accumulated in your home, you can receive cash, a tax-free monthly income, and/or a line of credit. There are no income or credit qualifications and best of all, no monthly payments. You can even use the proceeds to pay off your existing liens and mortgages. The US Government and several of our nations major financial institutions back Landmark Mortgage's Reverse Mortgage program.

 

"I was at the end of my rope. I figured the only way for me to make ends meet was to sell the house that I had lived in for the last 35 years. Thanks to a reverse mortgage, not only am I able to keep my home, I can now enjoy a worry free retirement!" -Satisfied Customer

A reverse mortgage is much different than a conventional mortgage; it's actually the opposite. With a conventional mortgage, the homeowner borrows a large lump sum of money and makes monthly payments. As payments are made, the loan balance gets smaller and the equity grows. With a reverse mortgage, the loan balance grows while the equity gets smaller. Instead of using income to gain equity, you can use your equity to gain income.

How Do I Qualify?

Qualifying for a Reverse Mortgage is as easy as 1-2-3.

1. You are at least 62 years of age.
2. Your home is your primary residence.
3. You have accumulated equity in your home.

That's it!

What are the Benefits?

There are several benefits of having a reverse mortgage:

• Easy access to the equity you have built in your home!
• No monthly payments.
• Receive tax-free monthly income without lifting a finger!
• Eliminate your existing mortgage payments and other debts!
• No credit or income verification!
• Your financial independence!

Other Points of Interest…

• Social Security and Medicare benefits are not affected by a reverse mortgage.
• You own your home - the lender does not take control of the title.
• No repayment is made until the home is sold or the owner permanently moves out.
• You will never owe more than the value of your home.
• Interest is paid at the time the loan is repaid.
• There are no prepayment penalties.
• Most types of homes accepted.
• No out-of-pocket costs or expenses.

"Landmark Mortgage was able to assist my family where no other company could. I was very pleased by their professionalism, knowledge, and customer service. I only wish more companies could operate the same way". -Satisfied Customer

How Much Money Can I Receive?

There are a few factors that will determine exactly how much: the market value of your home, your age, and the current interest rate. Landmark Mortgage's Reverse Mortgage Specialists will assist you in evaluating your options and calculating the maximum amount of money available to you.

Money Options - What can I do with my money?

It's your money - you can do whatever you like with it. You've worked hard to build up the equity in your home, now it's time to collect on your investment. Turn your mortgage into a savings account.

Do whatever you want, because you earned it. Enjoy your golden years without worry.

How do I Receive the Money?

There are four main options for receiving your money:

1. Tenure Monthly Installment - Receive equal monthly payments for as long as you occupy your home as your principal residence.
2. Term Monthly Installment - Receive equal monthly payments for a fixed period of time that you select, for example 5 or 10 years.
3. Line of Credit - Draw cash from your reverse mortgage whenever and whatever amount you choose, up to your available limit.
4. Lump Sum Cash Advance - You can receive all of your money in a lump some upon the closing of your reverse mortgage.

You can change payment plans as often as you wish for a nominal fee.

Let Us Help You Get Started…

It's easier than you may think. Give us a call. There are only a few things that we will need from you, and we will do all the rest. The following items will assist us in helping you achieve your ideal plan:

• Copies of your drivers license, S.S. Card, and Birth Certificate, if available.
• Copies of your homeowner's insurance statement and property tax statement.
• A copy of your mortgage statement.

Shouldn't your golden years be golden?

Contact Us!

Call Today! Get in touch with one of our Reverse Mortgage Specialists. This program has helped countless seniors and we love to tell other how it can help them. Please allow us the opportunity to answer your questions and help you determine the best course of action to help you obtain financial freedom at any point in your life.

Call the Reverse Mortgage Team at Landmark Mortgage

 

	Curtis Lawrence Reverse Mortgage Specialist   1.877.296.8707   curtis@landmarkmortgage.com   Serving Portland and the surrounding areas

	William Tucker Reverse Mortgage Specialist   1.800.239.6653   bt@landmarkmortgage.com   Serving the Salem, Keizer, and surrounding areas