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With the baby boom generation aging, the number of seniors age 62 and over is steadily increasing.  Over 6,000 people turn 62 each day.  This creates an ongoing pool of prospects for reverse mortgages.

These well-educated consumers are eligible for reverse mortgage, which means that they own their home, or have a low mortgage, and are at least 62 years of age.  Owners of single family homes, including town homes, condominiums, and detached homes are eligible for reverse mortgage, regardless of their current income.  These types of loans are great for people who are looking to turn the value of their home into cash just for living in their house.

A reverse mortgage is a special type of loan that lets a homeowner convert a portion of the equity in his or her home into cash.  They equity built up over years of home mortgage payments ca be paid to the borrower.  Unlike a traditional home equity loan or second mortgage, no repayment is required until the borrower no longer uses the home as their principal residence.  Reaching consumers who are eligible for this type of loan is ideal because many of these homeowners do not realize that they have the opportunity to turn their home equity into readily available cash.

Additional Charges:
Property Type
Age of House @ $15/M
Lender Type @ $15/M
Lender Name @ $15/M
Residence Hill @ $15/M
Loan Date @ $15/M
Home Equity @ $15/M
Purchase Amount @ $15/M
Purchase Date @ $15/M

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