WHAT
IS A MICHIGAN REVERSE MORTGAGE?
A Michigan Reverse Mortgage allows a senior homeowner (62+) to exchange
a portion of the equity in their home for a Tax Free Income. The Michigan
Reverse Mortgage has NO Monthly Payments required for as long as you
live. The Michigan Reverse Mortgage provides Tax Free Cash that can
be used for any purpose. With a Michigan Reverse Mortgage you retain
the Title to your Home. That means with a Michigan Reverse Mortgage
you can sell your Home at Anytime. A Michigan Reverse Mortgage allows
you to receive the Cash in Monthly Payments, A Lump Sum, A Line of
Credit, or a Combination of the above. A Michigan Reverse Mortgage
does not affect Social Security and Medicare. With a Michigan Reverse
Mortgage there are No Income, Credit or Health Qualifications.
THE PROCESS OF A MICHIGAN
REVERSE MORTGAGE
• Educate yourself about a Michigan Reverse Mortgage.
• Get a free information package about a Michigan Reverse Mortgage.
• Speak with a qualified lender about your option of a Michigan
Reverse Mortgage.
• Consult a trusted family member or financial advisor about
the benefits of a Michigan Reverse Mortgage.
• Schedule a counseling session with a third party, non-biased
counseling group about a Michigan Reverse Mortgage.
• Upon reaching a decision to pursue a Michigan Reverse Mortgage
complete an application with a qualified Michigan Reverse Mortgage
Specialist.
• The Michigan Reverse Mortgage Specialist will begin the underwriting
process by ordering an appraisal, title work, and other related documentation.
• The Michigan Reverse Mortgage is submitted for final approval
and then is scheduled for closing at a location convention for you.
• At funding of the Michigan Reverse Mortgage you receive your
Tax Free Cash. |
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