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