One Hundred Reasons Why A Reverse Mortgage May Be Right For You!

1. Federally Insured
2. No Credit Required
3. No Income Required
4. Receive Income for life
5. Pay off existing mortgage
6. Funds received are tax free
7. Use the Funds for anything
8. Never have to leave your home
9. No impact on Medicare
10. 62 years old or older
11. Spouse must be 62 or older
12. Purchase Long Term Care
13. Buy a new home (buy up or down)
14. No income tax liability
15. Finance Home Repair
16. Pay an ex-spouse for their part of equity
17. Pass on inheritance now to loved ones
18. Pay for your grandchildren’s college education
19. Help struggling children to buy a home
20. Save your home from foreclosure
21. Take advantage of a wise investment opportunity
22. Make a charitable contribution
23. Buy a rental property
24. Receive tax write offs for gifts or donations
25. Pay overdue property taxes
26. Pay off tax liens
27. Receive necessary medical treatment
28. Pay off medical bills
29. Pay off federal and state tax obligations
30. Purchase needed medical equipment
31. Pay off utility bills, credit cards and other debts
32. Purchase in-home health care insurance
33. Buy a new car
34. Renew expired or lapsed homeowners insurance
35. Set-up atrust and lifetime income for a dependent child
36. Take a vacation or cruise or visit family or friends
37. Improve standard of living by receiving extra monthly income
38. Pay for medical day care for spouse
39. Pay for companion services
40. Make a down payment on second or vacation home
41. Prepay funeral expenses
42. Buy a new home (trade up or down)
43. Move closer to family or amenities
44. Set up a growing line of credit for future emergencies or expenses
45. Avoid being institutionalized in a nursing home
46. Leave more money to your heirs tax-free by buying life insurance
47. Provide the income for a spouse who needs nursing home care
48. Make donations or tithing to your church
49. Avoid losing your home equity to Medicaid
50. Start a business or capitalize an existing business
51. Relieve adult children and other family members of the financial and physical responsibility associated with caregiving
52. Provide liquidity to an estate or split an estate
53. Avoid filing bankruptcy
54. Stop working and enjoy retirement
55. Receive a lifetime income
56. Maintain your financial independence and security
57. Afford to stay in your home
58. Buy a recreational vehicle (RV) and travel around the country
59. Avoid liquidating an investment, savings, IRA, pension or incurring deferred taxes
60. Go back to college or take courses in a new interest, hobby or occupation
61. Pay for legal services to file a lawsuit
62. Buy clothes, an entertainment center, a new bed, a computer or other household item
63. Get medical or dental treatment for a beloved pet
64. Make a sizeable political contribution
65. Support your favorite cause and receive recognition today instead of when you're gone
66. Start an internet business
67. Use to do a like kind exhange
68. A non-recourse loan - property is only asset that can be accessed for loan repayment
69. Personal income is not considered in the loan decision process
70. Cash advances are tax-free
71. Free up capital to produce income
72. No upfront application fees
73. Closing costs are included in loan
74. No change in ownership, you retain title
75. No upfront cash is required (LHM defers appraisal cost until your Reverse is funded)
76. No income verification
77. Tax-free funds for as long as you live in your home
78. Could be used to purchase a short sale or foreclosure
79. Choose a cash flow plan tailored to your needs
80. Retain ownership of your home for life; this is guaranteed as long as you maintain your home, pay home owners insurance and property taxes
81. A powerful financial tool to enhance your retirement lifestyle
82. Reverse mortgage funds are paid directly to you only
83. Make your own choice about how to use your reverse mortgage funds
84. Reverse mortgages are versatile financial planning tools
85. Single-family homes, qualified condominiums, townhouses, manufactured homes, and 1 to 4 unit homes as long as 1 unit is the owners primary residence
86. If one spouse or co-owner is under 62, that person's name must be removed from the title so that the other person can qualify for the reverse
87. Seniors with an outstanding first mortgage or some other debt on their home my qualify and pay off those debts when their reverse is closed
88. A lender will order an appraisal to determine how much money you can receive
89. Legal counsel or CPA are not required to get a reverse mortgage, you may however seek their advice at your own expense
90. Advance counseling to ensure you fully understand a reverse mmortgage and other options is required by FHA prior to signing any application
91. Once you permanently move out of your home or pass it to your estate, the loan must be repaid
92. You are not required to pay anything during the course of the reverse mortgage loan - the lender pays you
93. The interest rate on a reverse mortgage varies depending on the type of reverse mortgage
94. Your age, the value of your home and the rate caps in your geographical location determine how much cash you can receive from a reverse mortgage
95. When the loan must be repaid, you or your heirs can either pay the balance due and keep the home, or sell the home and use the proceeds to pay off the reverse mortgage and keep the balance of the proceeds
96. Your family can when the loan is due, buy the property for 95% of its appraised value
97. There are no prepayment penalties for the current reverse mortgage products
98. Where can you get a reverse mortgage? From any FHA approved lender and certainly from http://www.linkhomemortgage.com
99. All lenders charges are regulated by the FHA and are the same with the excepton of application fees and loan servicing fees
100. Both Adjustable and Fixed rate reverse mortgages are now available
101. Reverse mortgages are also available for property with values in excess of $2,000,000
102. The older you are the more money you will receive