Turn your home equity into tax-free* cash.
*This advertisement does not constitute tax advice. Please consult a tax advisor regarding your specific situation.
If you currently have a monthly mortgage payment, you can eliminate that expense with a reverse mortgage (must still pay taxes, insurance and maintenance).
What are the qualifications?
One borrower must be 62 years or older:
• Purchased home is required to be your primary residence
• New property must be: single– family home, 2-4 unit dwelling or FHA– approved condo
• For a home purchase, you must have an adequate down payment* for your new home based on your age
• No credit score requirements, some income and credit qualifications apply to make sure you have the ability to pay taxes and insurance.
*The required down payment on your new home is determined on a number of factors, including your age (or eligible non-borrowing spouse’s age, if applicable); current interest rates; and the lesser of the home’s appraised value or purchase price.
Access your equity.
A reverse mortgage can offer you access to your equity in four different ways:
• Lump Sum
• Line of Credit
DOWNLOAD THE "WHAT TO EXPECT AT YOUR FIRST REVERSE MORTGAGE LOAN APPOINTMENT BROCHURE
Register for one of Joan Qvigstad’s Reverse Mortgage Seminars and learn if a reverse mortgage is right for you!
You can call her at 360-271-5946 or register online at : www.reversemortgagewithjoan.com.