[Remember that the Borrower could be subject to foreclosure for reasons including failure to maintain the property and top pay taxes and insurance]
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Is Reverse Mortgage Too Good To Be True? See what Tom has to say about Reverse Mortgage!
I know what you’re thinking. I thought what you thought.
Some things are just too good to be true. Just like you, I thought that reverse mortgages had to have some kinda catch –just a way for banks to get your house…right?
Well then I did some homework and I found out that it’s not any of that – it’s not another way for the bank to get your house and it’s also not too good to be true!
A reverse mortgage loan is a simple idea really – you turn your home’s equity into cash and you pay it back when you leave the house.
Most people use the money to pay off their existing mortgage or pay some bills, cover medical costs, even update their home. And just as importantly, you still own your home. And you make no monthly mortgage payments.
It’s a loan designed just for older Americans and it’s helped hundreds of thousands to live a more stable, secure retirement, and stay in the home they love.
AAG is the leader in reverse mortgages. Call us today for your free information kit. It will answer all your questions and help you decide if a reverse mortgage is right for you and how to qualify.
I know what you were thinking – I did too.
I felt the same way. But I checked it out and I found out a lot more. It’s pretty simple, a reverse mortgage from AAG can give you the retirement stability you’re looking for.
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