You’ve worked hard all your life. Now let your home work for you.
781-724-6221
By Alain Valles, MBA, MS
Discover if a Reverse Mortgage is right for you!
- Is your Social Security and savings paying you enough each month?
- Do you find yourself wishing you had a few more dollars?
- Are you delaying retirement for fear of running out of money?
- Are house repairs or improvements breaking the bank?
- Do you wish you had a cash safety net if ever needed?
- Are you curious about a reverse mortgage but someone said they’re “bad”?
If you are 62 years old or older and fortunate to own a home with some equity, then a government insured reverse mortgage may be the solution to a better life. This is especially true with the upcoming recession and potential downturn in real estate values.
A Reverse Mortgage gives a qualified borrower the option to receive tax free cash up front, or a monthly check, or a line of credit to access cash when desired with NO minimum or required monthly mortgage pay ment.* A reverse mortgage has no impact to Medicare or Social Security benefits. You still own your home and can prepay without penalty.
Top Uses of a Reverse Mortgage
- Be able to afford your home
- Increase your monthly cash flow
- Pay off a current mortgage
- Pay off credit cards
- Access to tax free cash
- Complete needed home repairs
- Reserves for unforeseen emergency life events
- Estate planning to protect a surviving spouse
- Downsize and purchase a new home
- Peace of mind knowing that cash is available if needed
- And, the list goes on! What are your needs and desires?
*Note — You are required to pay ongoing real estate taxes ad property insurance and meet other loan guidelines.
Take Action!
Development
A great place to start is get your free “How to Use Your Home to Stay at Home” 36-page book. This is the official reverse mortgage consumer booklet approved by the U.S. Department of Housing & Urban Development and published by the National Council on Aging.
To receive your free copy, please call me at (781) 724-6221 or email me at av@powhse.com.
Alain Valles was the first designated Certified Reverse Mortgage Professional in New England. He obtained a Master of Science from the M.I.T. Center for Real Estate, an MBA from the Wharton School, and graduated summa cum laude from UMass Amherst. He is the senior reverse mortgage loan officer MLO#7946 at Powerhouse Funding Corp. NMLS #1740551. He can arrange but does not make loans. Alain can be reached directly at (781) 724-6221 or by email at av@powhse.com.
