Free Info - Cash from Reverse Mortgages for Retirement in Maryland, PA, & VA by expert Tim Marose

www.tmmortgagegroup.com

1) What is a reverse mortgage and how does it work?

A reverse mortgage is a loan taken out by seniors 62 and older to use the equity in their primary residence to receive tax free income. Repayment is not required and seniors are only required to make payments on property taxes and homeowners insurance.

2) Who owns the home with a reverse mortgage?

The homeowner retains title with a reverse mortgage. When the loan must be repaid, you and your heirs can pay the balance of the mortgage and keep the home or sell and keep proceeds. A common misconception is that the bank owns the home.

3) Do you need good credit, income and equity to qualify for a reverse mortgage?

There are no income, asset, employment or credit requirements to qualify. There must be some equity in the home, but many homeowners with current mortgages easily qualify.

4) Are there restrictions to how you can use the money from a reverse mortgage?

No! You can use your reverse mortgage proceeds to supplement retirement, help pay medical expenses, home improvements, helping grandchildren with college, travel, investments or any other avenue you choose.

To find out more information, please visit www.tmmortgagegroup.com today or call 1-800-696-1424.