A Vinson Reverse Mortgage lets you really live your Retirement Years at their fullest. Many seniors use a Reverse Mortgage to supplement their social security, meet unexpected medical expenses, make home improvements, and more. You have worked for your home for so many years, now it’s time your home works for you with a Vinson Reverse Mortgage.
Frequently Asked Questions:
What is a Reverse Mortgage?
A Vinson Reverse Mortgage is a loan that is available to homeowners who are of the age of 62 or older. A Reverse Mortgage is a loan that is based upon the equity in your home and allows the homeowner to convert equity into cash. This loan does not have to be repaid until you either sell your home or permanently leave your primary residence. A Vinson Reverse Mortgage is a federally insured private loan that gives homeowners greater financial security.
How can I receive my Money?
You can receive your money in a one lump sum payment, as monthly payments, as a line of credit, or a combination of the three. There are no taxes on any of the above as this is money you already own through the equity of your home. Also remember YOU WON’T BE MAKING ANY MORE MORTGAGE PAYMENTS!
1. To qualify for a Vinson Reverse Mortgage you have to be a homeowner age 62 or older.
2. You can use the cash received from a Vinson Reverse Mortgage anyway you like:
aPay off Credit Card Debt
aSave Home from Foreclosure
aSupplement Social Security
aHome Repairs etc