WHAT
IS A MINNESOTA REVERSE MORTGAGE?
A Minnesota Reverse Mortgage allows a senior homeowner (62+) to exchange
a portion of the equity in their home for a Tax Free Income. The Minnesota
Reverse Mortgage has NO Monthly Payments required for as long as you
live. The Minnesota Reverse Mortgage provides Tax Free Cash that can
be used for any purpose. With a Minnesota Reverse Mortgage you retain
the Title to your Home. That means with a Minnesota Reverse Mortgage
you can sell your Home at Anytime. A Minnesota Reverse Mortgage allows
you to receive the Cash in Monthly Payments, A Lump Sum, A Line of
Credit, or a Combination of the above. A Minnesota Reverse Mortgage
does not affect Social Security and Medicare. With a Minnesota Reverse
Mortgage there are No Income, Credit or Health Qualifications.
THE PROCESS OF A MINNESOTA REVERSE MORTGAGE
• Educate yourself about a Minnesota Reverse Mortgage.
• Get a free information package about a Minnesota Reverse Mortgage.
• Speak with a qualified lender about your option of a Minnesota
Reverse Mortgage.
• Consult a trusted family member or financial advisor about
the benefits of a Minnesota Reverse Mortgage.
• Schedule a counseling session with a third party, non-biased
counseling group about a Minnesota Reverse Mortgage.
• Upon reaching a decision to pursue a Minnesota Reverse Mortgage
complete an application with a qualified Minnesota Reverse Mortgage
Specialist.
• The Minnesota Reverse Mortgage Specialist will begin the underwriting
process by ordering an appraisal, title work, and other related documentation.
• The Minnesota Reverse Mortgage is submitted for final approval
and then is scheduled for closing at a location convention for you.
• At funding of the Minnesota Reverse Mortgage you receive your
Tax Free Cash. |
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