Qualification Requirements for Senior Homeowners
| 1. |
The homeowners are over the age of 62 |
| 2. |
The home is a single-family residence, a town home, a condominium, a
duplex, a triplex, and a fourplex and in some cases a manufactured home
or a mobile home. |
| 3. |
At least one homeowner lives in the home as the primary residence. |
Meeting the criteria qualifies the homeowner to have their mortgage paid off
if there is enough equity in the home, which results in no more monthly payments
for the rest of the surviving homeowner’s life. You get rid of your mortgage
payment and you get to keep your home. There is no further qualification if
you meet the three criteria above. You are approved!
It is that simple!
Once the mortgage is paid off, depending on the current interest rate, how
much equity you have in your home, the youngest homeowner’s age, and the
geographic location of your property you may qualify for additional benefits,
which means you may choose what works best for you from one of the following
options:
1. A Lifetime Monthly Income
2. A Cash Reserve Account
3. A One Time Lump Sum Payout
4. An Accelerated Term Income
5. A Combination Custom Plan
We would like to hear from you soon.
To Contact us please call:
(877) 488-5775
You may also contact us by email:
mmartin@bestadvantagereverse.com
