Let’s get a Backup Your Income Plan!
Backup your income? With a Reverse Mortgage? You bet! The caveat is you must be 62 or older, but for those that are, and have a lot of equity in their home, this kind of financing might just be what you are looking for to supplement your income and have no mortgage payment! Federal regulations prevent us from going into much detail so we are speaking in general terms here, but the fact remains, a Reverse Mortgage can tap into your home equity, backup your income and even if you use up all the equity in the home, you still can stay in the home and not have a payment for as long as you remain in the home. Backing up your income with a Reverse Mortgage could be the answer to staying in your home! Not everyone will qualify, but if this interests you, give a call to Michael Mitchell at Mitchell Mortgage where we can answer all your questions! Evening and weekends are not a problem if you call the mobile line at 707-337-5970! You can also use 530-406-2200 or 707-259-1117 land lines!
Leave a Reply