New Reverse Mortgage Formula: How to Convert Home Equity into Tax-Free Income
by: Tom Kelly
Topics include: popular reverse mortgage, maximum claim amount, reverse mortgage money, reverse mortgage borrower, reverse mortgage product, rate cannot increase, reverse mortgages, reverse mortgage programs, reverse mortgage loan, term payment plan, principal limit, home appreciation, mortgage insurance premium, older homeowners, home modifications, equal monthly payments, universal design, servicing fee,Fannie Mae, Funding Health Care, Home Keeper, Financial Freedom, Home Equity Conversion Mortgage, Alternate Route, Seattle Mortgage, Wells Fargo, Cash Account, Paving the Main Reverse Road, San Diego, Bureau of the Census, Remodeling Online, Federal Housing Administration, National Council, Sarah Hulbert, Early Black Eyes, Howe Brooks Adams Research, Big Fitz, Jim Mahoney, Jeff Taylor, Self Image, National Reverse Mortgage Lenders Association, Zero Point Option, President Nixon
Book Description -- The New Reverse Mortgage Formula explains reverse mortgages in easy language so seniors and their family members can fully understand and benefit from these useful loan products. Reverse loans allow seniors to convert part of their home equity into tax-free income, letting seniors easily borrow against the value of their home without selling it. Safer than ever, today’s reverse mortgages are non-recourse loans and lenders do not share in any appreciation or accrued equity. Safe and simple, reverse mortgages are a valuable option for senior homeowners having trouble living on a fixed income or in need of extra cash for any unforeseen expense
About the Author -- TOM KELLY is a former real estate editor for the Seattle Times. He currently writes a nationally syndicated column and hosts a nationally syndicated radio program. He is recognized by the National Reverse Mortgage Lenders Association as a leader in explaining and detailing reverse mortgage products to consumers. With The New Reverse Mortgage Formula, he provides an innovative, commonsense guide for unlocking critical cash for seniors, creating a financial strategy for baby boomers, or building a pool of funds to pay for future healthcare.
"MUST READ" for Anyone Considering a REVERSE MORTGAGE! -- Think about it: tens of thousands of seniors are house rich and cash poor: they have all this equity locked up in their homes. Most people don't realize that they can't even qualify for a home equity loan -- not enough income or assets. TOM KELLY's new book HAS THE ANSWER FOR THE PARENTS OF BABY BOOMERS WITH THIS NEW BOOK! The dangers of the first REVERSE MORTGAGES ARE GONE: no one will EVER lose their home because of a reverse mortgage. THIS IS THE SOLUTION to allow MOM OR DAD to stay in the homes they love until their final days. They can cash in on the equity in their home and either have it available in a lump sum to draw down or get a steady stream of monthly income -- TAX FREE!
Where I live many seniors are giving up their waterfront homes that they have lived in for 30 years or more because they can't afford the real estate taxes. THIS IS A GREAT BOOK, EASY TO READ AND TO UNDERSTAND - IT IS TODAY'S REVERSE MORTGAGE MADE EASY. Mr. Kelly lays it out honestly and directly and pulls no punches. Sure Reverse Mortgages can cost $10,000-$15,000 in closing costs -- but what would it cost your Mom or Dad to sell the home they love, move and buy a new one? A heck of a lot more! KUDOS FOR TOM KELLY on an ABSOLUTE MUST READ for anyone who is considering or helping someone consider a REVERSE MORTGAGE.
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