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We owe an enormous debt to the senior citizens of our country. They’ve raised our families, fought our wars, put a man on the moon, cured diseases and moved us into the Computer Age.
Unfortunately, life has increasingly become more difficult for our seniors. While many of our seniors are living longer and leading more productive lives, their financial resources aren’t keeping pace. More and more seniors are feeling the pinch of higher living expenses and the skyrocketing cost of health care.
Consequently, many seniors are forced to make the painful choice to sell their home or dramatically reduce their quality of life. Either way, it is a lose-lose situation.
For this reason, we believe that the FHA Reverse Mortgage Program for Seniors, or Home Equity Conversion Mortgage (HECM), represents the most important home loan program developed in the past 20 years.
No loan program so richly benefits our seniors as a Reverse Mortgage.
~ J.B. Nuter
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You have probably heard about or even considered a reverse mortgage, but are still wondering if it could be the right choice for you. Record numbers of seniors are discovering reverse mortgages to be a smart financial solution, enabling them to remain in their home while supplementing retirement income, to help fund health care, pay for home modifications, and even secure a cash reserve.
With the passage of HR3221 Housing and Economic Recovery Act, FHA Reverse limits have been raised to $417,000. Shortly, a Reverse Mortgage will be available to purchase a home.
At Five Star Mortgage, we realize that your home is probably the largest asset you own and using its equity in a reverse mortgage requires serious thought. We understand your concerns. That is why we are as serious as you are about making sure that if you do consider taking out a reverse mortgage, it is the right decision for you. Our Reverse Mortgage Specialists are dedicated to making this process understandable and convenient while providing the very best service possible to our senior customers. We will walk with you every step of the way. It is not a fast process, but neither should it be. After all, we’re talking about enriching the quality of you r life and reclaiming your financial independence.
Please contact our Reverse Mortgage Specialist at
(678) 957-4065 or click on the Help button to the left for Frequently Asked Questions.
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