BackReverse Mortgages Offer Financial Solutions for Seniors
Article Submitted by Diana Miller with Wells Fargo. Talk to Diana to determine if a Reverse Mortgage is in your best interest. You can reach her at 423-884-2875 or toll free at 800-871-5161.
Cover Expenses.
Afford Luxuries.
Enjoy a More Comfortable Retirement in Your Own Home.
People have dreams about the way they want to spend their retirement years - pursuing hobbies, traveling the country, spending quality time with their children and grandchildren. Instead of enjoying their "golden years," many Americans are making a lot of financial compromises.
Imagine having tax-free1 income to help supplement not only your day-to-day needs but also to give you the means to bring more of your dreams to life! Reverse mortgages2 can offer real solutions to senior homeowners hoping to improve their quality of life. One of the biggest selling points: flexibility. These funds can be used at the homeowner's discretion to pay for things such as home improvements, medical expenses, long-term health care insurance premiums and even vacations. In many cases, people who are just getting by on their Social Security checks are finding ways to take advantage of the reverse mortgage and enjoy retired life. With a reverse mortgage you decide how and when you use the funds so you can move beyond just making ends meet and enjoy all that your retirement years have to offer!
1Consult your tax advisor.
2 Reverse Mortgage borrowers are required to obtain an eligibility certificate by receiving free counseling sessions with a HUD-approved agency. Family members are also strongly encouraged to participate in these informative sessions. Must be at least 62 years old. Call for more detailed program information.
This information is accurate as of date 06/29/06. Wells Fargo Home Mortgage is a division of Wells Fargo Bank, N.A. (c) 2006 Wells Fargo Bank, N.A. All rights reserved. #38752