Reverse Mortgages for Seniors
Let your Home Equity eliminate your monthly mortgage payment and give you additional cash monthly. Call to find out if this type of financing is right for you!
Mortgage Freedom can Begin at Age 62
My name is Robert J. Barouski and I am a Senior Loan Officer with AFMSI. I am excited to tell you about the new and improved Reverse Mortgage Product especially retooled and tailored for senior mortgage holders presently and seniors with homes Free & Clear.
I have been in the mortgage industry over 43 years and have experienced wide fluctuations of both interest rates and mortgage products. As a Combat Infantry Officer, Army Ranger prior to this mortgage banking career, I learned an exceptional lesson in the military that has served me well in civilian life.
That lesson simply stated is : Do not tell me what you think you want me to hear, but tell me the truth and let me assess the situation, make my own determination, and then I will act accordingly based on my own interpretation of the facts.
This lesson has allowed me to grow and prosper and serve my clients as I have served the men who watched out for me those many, many years ago in Vietnam. And it can serve you too.
You now are a part of the fastest growing demographic in housing. Seniors & Baby Boomers living longer, healthier, and more active lives are beginning to realize their retirement years may very well surpass their savings creating unanticipated income stress.
In 2008, about 48 percent of households headed by those 56 to 61 have mortgages, a figure that has risen 8 percent in 16 years, according to a research presented at the Retirement Research Consortium. The study also indicated that these households have fewer savings, with the number of those who have less than $25,000 in savings rising to nearly a quarter. A separate study presented at the consortium revealed that 40 percent of surveyed individuals between 56 and 61 admitted to having "too much debt right now".
One of the biggest causes of this stress is too much debt with too little income. When debt begins to affect the quality of life and adversely threaten your daily activities, it can be unbearable. Fortunately a Reverse Mortgage has the capacity and the capability to resolve this emotional roller coaster giving you comforting security and peace of mind.
If you are "Comfortable" and in a position where there is no need for additional monies, either in a lump sum, a monthly allotment, or a plan of your choosing, that is all the better. Taking a Reverse Mortgage, but leaving the available funds to you untouched, allows your "DORMANT EQUITY" to work for you. These funds can earn compounding interest monthly that currently far exceeds any bank interest paid on Savings Accounts, Money Market Funds, and Certificate of Deposits without the worry of paying a portion to the Federal Government in the form of Income Tax Interest.
And if, God forbid, an emergency befalls you and you need to obtain an Equity Line against your property from the bank to cover that unexpected situation, there is no worry about having to qualify for the bank loan or dealing with that monthly repayment debt, because you can simply change your plan to accommodate the emergency. The cost to you is only $20.00 for each change you initiate.
You have the ability to assess your own situation, make your own determination of needs, and take the actions that best meet your wants and desires. Call, write or e-mail me today to see if this Reverse Mortgage can benefit you and your family today. You have absolutely nothing to loose, but knowledge to gain and the ability to further secure a brighter retirement future with a Reverse Mortgage.
For a video explanation of purchasing property utilizing the HECM Loan Program (H4P)
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