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        (229) 563-1049Visit WebsiteMap & Directions701 S Forrest AveAdel, GA 31620Write a Review

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        HECM for PURCHASE If you are 62 years and older, you can purchase your next home with a Reverse Mortgage. On January 1, 2009, HUD opened the reverse mortgage up and began to include the purchase of a home using a Reverse Mortgage. This new type of reverse mortgage is also a FHA insured non-recourse mortgage. This program is exciting as now you can buy a home putting down a fraction of the home’s purchase price at closing. The balance of the purchase price will be handled by the reverse mortgage. Best of all, you won’t have a monthly mortgage payment for as long as you live in the home as your primary residence. The amount of reverse mortgage funds is based on the age of the youngest borrower, the value of the home, and the current interest rate.

        General Info
        Seniors-Use the equity in your home for retirement years, ease your budget crisis. FHA Insured Program. No house payments, a loan that doesn’t have to be paid back as long as you live in the home. Retain ownership of your home. No income qualifications, or Credit history requirements. No Restrictions on how you use the funds.
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        Brands
        Reverse Mortgage
        Location
        Reverse Mortgage: Here are a few highlights No monthly mortgage payments No income requirements No credit score requirements FHA insured Title stays in your name Closing costs may be included in loan
        Amenities
        How do I receive my proceeds from a reverse mortgage? You have several options: Lump sum - a lump sum of cash at closing. Tenure - equal monthly payments as long as one of the homeowners lives in the home. Term - equal monthly payments for a specified number of years. Line of Credit - draw any desired amount at any time until the line of credit line is exhausted. Any combination of the options listed above.
        Associations
        Reverse Mortgage
        Other Link

        http://themoneystore.com

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        Categories
        Mortgages, Loans, Real Estate Loans, Reverse Mortgages

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        Details

        Phone: (229) 563-1049

        Address: 701 S Forrest Ave, Adel, GA 31620

        Website: http://themoneystore.com