Now your home will finally pay for you!
Landmark Professional Mortgage Company, a trusted financing resource for Seniors for over 23 years, would like to tell you about the benefits of a Home Equity Conversion Mortgage, or Reverse Mortgage.
What is a Reverse Mortgage?
A Home Equity Conversion Mortgage is a reverse mortgage solution, a special type of loan that pays you. By using the equity you have accumulated in your home, you can receive cash, a tax-free monthly income, and/or a line of credit. There are no income or credit qualifications and best of all, no monthly payments. You can even use the proceeds to pay off your existing liens and mortgages. The US Government and several of our nations major financial institutions back Landmark Professional’s Reverse Mortgage program.
A reverse mortgage is much different than a conventional mortgage; it’s actually the opposite. With a conventional mortgage, the homeowner borrows a large lump sum of money and makes monthly payments. As payments are made, the loan balance gets smaller and the equity grows. With a reverse mortgage, the loan balance grows while the equity gets smaller. Instead of using income to gain equity, you can use your equity to gain income.
How Do I Qualify?
Qualifying for a Reverse Mortgage is as easy as 1-2-3.
What are the Benefits?
There are several benefits of having a reverse mortgage:
Other Points of Interest…
How Much Money Can I Receive?
There are a few factors that will determine exactly how much: the market value of your home, your age, and the current interest rate. Landmark Professional’s Reverse Mortgage Specialists will assist you in evaluating your options and calculating the maximum amount of money available to you.
Money Options – What can I do with my money?
It’s your money – you can do whatever you like with it. You’ve worked hard to build up the equity in your home, now it’s time to collect on your investment. Turn your mortgage into a savings account.
Do whatever you want, because you earned it. Enjoy your golden years without worry.
How do I Receive the Money?
There are four main options for receiving your money:
You can change payment plans as often as you wish for a nominal fee.
Let Us Help You Get Started…
It’s easier than you may think. Give us a call. There are only a few things that we will need from you, and we will do all the rest. The following items will assist us in helping you achieve your ideal plan:
Shouldn’t your golden years be golden?
Call Today! Get in touch with one of our Reverse Mortgage Specialists. This program has helped countless seniors and we love to tell other how it can help them. Please allow us the opportunity to answer your questions and help you determine the best course of action to help you obtain financial freedom at any point in your life.
Contact the Reverse Mortgage Team at Landmark Professional Mortgage Company
Serving Salem: Bill Tucker | Lisa McCormick | Pat Butler
503.581.8100 Email Us Today!
Serving Portland and the surrounding areas Curt Lawrence
503.530.8370 Email Us Today!
I was at the end of my rope. I figured the only way for me to make ends meet was to sell the house that I had lived in for the last 35 years. Thanks to a reverse mortgage, not only am I able to keep my home, I can now enjoy a worry free retirement!
They were able to assist my family where no other company could. I was very pleased by their professionalism, knowledge, and customer service. I only wish more companies could operate the same way