Senior Cash Flow Strategies

 

Reverse Mortgages

A reverse mortgage is a unique loan that enables senior homeowners (62+) to convert part of the equity in their homes into tax-free income without having to sell the home, give up title, or take on new monthly mortgage payments.

You can choose to receive reverse mortgage funds as a lump sum, monthly income, or line of credit, or as a combination of these. You can use the funds for any purpose, including PURCHASE OF A NEW HOME, home repairs and improvements, medical expenses, long term care, life insurance or annuity — as supplemental retirement income. No mortgage payments are due during the life of the loan. The loan becomes repayable only when you sell your home or permanently move out. In addition, the repayment amount never exceeds the value of your home.

You CANNOT be turned down because of credit or health. You don't need a down payment and you don't need a steady job to qualify. The older you are the better you do in a reverse mortgage. You're a good candidate if you've paid off 65 - 75% of your home.

SrEnsure, LLC works with leading providers of reverse mortgages to deliver:

Home Equity Conversion Mortgage (HECM)
The Home Equity Conversion Mortgage (HECM) is the oldest and most popular reverse mortgage product. Available since 1989 to homeowners 62 or older, HECMs are insured by the federal government through the Federal Housing Administration (FHA), a part of HUD (the U.S. Department of Housing and Urban Development).

Fannie Mae Home Keeper & Home Keeper for Home Purchase
In 1996, Fannie Mae developed its own proprietary Home Keeper® reverse mortgage to supplement the federally insured Home Equity Conversion Mortgage.

Financial Freedom Cash Account
Several years ago, Financial Freedom Senior Funding Corporation, based in Irvine, CA, introduced a "jumbo" proprietary reverse mortgage product called Cash Account to benefit homeowners living in higher-priced homes valued above the FHA and Fannie Mae lending limits.

Call us today to learn whether or not you qualify for a reverse mortgage. Phone: 888-530-9398 to speak with a live representative.

 
SrEnsure LLC, Texas License # 1368024 — Phone: 888-530-9398 — Fax: 888-576-9335 — Email: info@srensure.com
SrEnsure is proudly owned and managed by Cynthia Cardenas and John Thurston, both licensed Texas Insurance Agents
and reverse mortgage loan specialists.
Call today to learn more about Finding Retirement Dollars for you or your loved ones!