THINKING ABOUT A REVERSE MORTGAGE?
Learn the facts……
What is a Reverse mortgage?
You made mortgage payments for years…now get a mortgage that may take care of you.
REVERSE MORTGAGES EXPLAINED
If you are 62 years of age or older and have equity in your home, a reverse mortgage may turn a portion of that equity into cash. You may use the money to repay your existing mortgage, then take any remaining funds as a lump sum, a line of credit, monthly cash or any combination thereof. Unlike a traditional mortgage, no repayment is required until the home is sold or the owner permanently moves out or passes away.*
Best of all, proceeds are tax-free and you retain title to your home.*
• We offer products insured by the Federal Housing Administration
• You can never be responsible for more than the home is worth at time of repayment
• Minimal upfront cost most closing costs may be financed using loan proceeds
Call: Paul Savery
Reverse Mortgage Consultant
Tel: 508-380-7412 • 800-486-8786 ext 831 • eFax: 508-916-2820
Years of Experience on the Cape & Islands
NMLS # 810502/#404438 • Equal Housing Lender
* There are some circumstances that will cause the loan to mature and the balance to become
due and payable. Borrower is still responsible for paying property taxes and insurance. Credit is
subject to age and property qualifications. Programs rates, fees, terms and conditions are not
available in all states and subject to change.