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Are there loans specifcally for the elderly? What are the benefits?

by facet643 from Fox, Arkansas. Sep 18th 2020 Reply


There is a Home Equity Conversion Mortgage which is available for persons who are 62 years of age and older. If you are interested in discussing the benefits and guidelines, please call at 501-276-6786 or email me at bfrench@topflitefinancial.com

Sep 20th 2020
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Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,248 contributions

Yes, a Reverse Mortgage is a great financing tool for many seniors. Contact a local mortgage broker in your area that specializes in reverse mortgages.

Sep 21st 2020
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Bert Carpenter (BertCarpenter)
#1 ranked lender in Arizona - 2,200 contributions

Reverse mortgages are designed specifically the elderly, These loans create an opportunity for you (assuming you are 62 years old or older) to Purchase a home with about half of the purchase price down and never have another mortgage payment. If you already own the home, there is a program for you too. Depending on the equity you have and your age, it is also possible to obtain a loan that has no mortgage payment and actually mails you a payment every month. Find a local Reverse Mortgage Specialist in your area. Or reach out to me and I'll connect you with one of our RM Specialists. ~ Bert Carpenter, The LoansA2z Team of NEXA Mortgage ~ NMLS 40586 ~ Licensed in Arizona, California, Georgia, Oregon, and Washington. Need help in other states? We've got you covered. NEXA Mortgage is licensed in 46 states ~ www.ApplyYes.com 480-889-9000.

Sep 22nd 2020
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