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Your Home For Life Offers Seniors New Reverse Mortgage Options
Your Home For Life has recently announced the addition of several new reverse mortgage programs to its product line including a federally insured fixed rate program and reverse mortgages designed for second homes.
Company president John Brodrick says, “We are extremely pleased to offer a wide variety of reverse mortgage programs from a number of different national companies. Now if one of our customers wants an FHA insured reverse mortgage, a fixed rate reverse mortgage, a jumbo reverse mortgage or a reverse mortgage on a second home, or even to purchase a new home, we are able to provide all of those options. It is one stop shopping and there is no extra cost to the consumer. Most importantly, it lets us really play to our strength which is in-depth consumer education, local availability and service. It is the best of both worlds. Since we are not tied to a single source, our reverse mortgage advisors can present more options and solutions and provide the best program for each individual situation.”
Reverse mortgages are designed to strengthen the personal and financial independence of senior citizens by providing a source of funds without the usual monthly payment burden. No payment or repayment is required for as long as the senior lives in the home. Further, reverse mortgage funds are tax free and there are no income, medical or credit requirements. The biggest benefit is that seniors can retain ownership of their home for life – guaranteed as long as routine maintenance, homeowners insurance and property tax payments are kept up. To be eligible for a reverse mortgage, the minimum homeowner age is 62.
Your Home For Life is based in Westwood Massachusetts and is rapidly becoming one of the areas leading sources for reverse mortgages and reverse mortgage education. Your Home for Life is the only Massachusetts company accepted by the Society of Certified Financial Planners Board of Standards for continuing education credit on reverse mortgages. More information, including free local seminar locations, can be found on the company’s website, www.yourhomeforlife.com.
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