As Silver Fox readers look toward fall, many of us are trying to balance the budget.  Finding that the credit card bills, property tax, gas prices and even food prices, leave no money for life’s little pleasures?  What do you do now?  Take a deep breath and consider a plan that could give you breathing room in just under six weeks!

One helpful solution could be a reverse mortgage. You owe it to yourself to have the best possible Silver Fox retirement.

Forget all the misinformation that you have heard including “the government takes your house.”  No, the government doesn’t want your house!  They want you to live comfortably there as long as you care to.  So, let’s explore the facts!

Basically, what happens in a reverse mortgage, is that the senior uses the equity in his or her house, instead of just letting it sit there.  The senior lives in the residence as long as they care to, paying no monthly bill.  When the senior or seniors have passed away, the heirs have about a year to sell or refinance the home.  At that time, they pay off the reverse mortgage, and retain the balance of the equity.

What You Need:

Senior age 62 or older, (The older you are, the more money you receive.)

U.S. citizenship with a social security number,

Principal residence with equity,

What You Receive:

Tax-free proceeds to use however you like,

Existing house debt paid off, (Stop paying mortgage payments monthly.)

Ready cash for extra special things – to continue building good memories,

Credit card debt paid,

Additional monthly income for life,

Credit line where the available credit grows monthly tax-free,

Cash money for home repairs or remodeling.

You’ve probably been paying a mortgage for 10, 15, 20 years, or even longer!  Isn’t it time to let your house pay you?  These programs are government insured and don’t depend upon your income or credit score.  The program limits have just been raised nationwide, so more dollars are available for living.

How to Get Started:

Do your research and get all your questions answered about this AARP-recommended program.  Obtain a free personalized quote, with specific information and a complimentary CD, by e-mailing Joan or Renee at jjjoan1@live.com, or calling 602-881-2809. Mention the Silver Fox sent you and receive the new prescription discount card.