• The biggest misconception is that the bank owns the home….NOT TRUE!
  • A requirement of the HUD loan is that the title remains with the homeowner ONLY.
  • Some think that the home needs to be free and clear (no mortgage) This is not true, and in fact many people do reverse mortgages to get rid of their existing payment(s).
  • Wise people will take the time to learn the facts from an expert and NOT listen to the neighbor’s brother in law that has no idea what he’s talking about. Learn the truth, then make an informed decision.
  • The truth may set you free! No mortgage payment and extra cash flow each month.
  • There are way too many seniors that are sitting in their homes, struggling and just hunkering down, unable to eat properly, or pay for medications, or go out to lunch with friends, or visit out of town family. If they only knew about how a reverse mortgage could change that, they could change their life.
  • In a lot of cases, just an extra $500/mo would be a life changing event.
  • The Bank DOES NOT own the home !!! did I say that already? ­čÖé
  • The HUD reverse mortgage is the most regulated home loan in America (not sure if this is good to say, but it’s the truth…over regulated in my opinion, but the govt. wants to protect seniors from abuse).
  • All funds from a reverse mortgage are TAX FREE.
  • Reverse Mortgage funds DO NOT affect Social Security or medicare benefits.