Video: "Real Borrowers, Real Stories Reverse Mortgages"

Listen to real people tell their stories of how they benefited from a Reverse Mortgage.

 

What are the Benefits of a Reverse Mortgage?

Ask yourself these questions:

  • How will the addition of a Reverse Mortgage compliment my current retirement plan? Should I use it for financial planning and future stability or do I need the direct benefit of additional money in my pocket each month for living expenses now?  See Reverse as a Planning Tool for information on how a HECM Reverse Mortgage can add to your retirement plan.
  • Can a Reverse Mortgage eliminate my current mortgage payment requirement and also provide me supplementary income for my retirement at the same time?  Do I need money now or would I prefer to establish a readily available emergency reserve for later or for unexpected events?
  • Can I use a Reverse Mortgage to gain immediate financial stability and prevent a crisis, like losing my home to foreclosure, or prevent a potential crisis in the future that relates to insufficient funds?   A Reverse Mortgage will permanently remove the requirement to make a traditional monthly mortgage payment at the beginning of each month.
  • Maybe I am just fine financially but the addition of a Reverse Mortgage will provide a strong safety net that will eliminate not just my monthly mortgage payment but also a tremendous amount of financial insecurity that comes with it.  Maybe it’s time to just focus on living and enjoying life.

Success with a Reverse Mortgage begins and ends with a plan.  Regardless of your situation, it is important to have a plan.

When starting a plan, you have to begin with aggregating all of your current income, expenses, and savings to provide a blueprint illustration of where you are today and where you would like to be tomorrow.  A pen and paper and a little bit of time is all it takes.

A small amount of due diligence and investigation on your part may yield some very nice returns as you review your retirement plan.  As you review your plan, remember that with a Reverse Mortgage you are still responsible for paying any required real estate taxes and homeowners insurance.  As you focus on your income and monthly needs please be sure to pay close attention to your required expenses.  Eliminating expenses is just like finding new income when you are planning.  Having said that, have you checked with your county to see if you may be exempt from real estate taxes based on your income?  Savings on expenses may be waiting for you with just a few phone calls.  We are here to help you with these ideas and provide you direction so you can get the most out of a Reverse Mortgage.

Success with a Reverse Mortgage begins for you today.  Please contact us so we can help you tailor a Reverse Mortgage to your individual plan.  Located in Northern Virginia, we help retirees and seniors, 62 and older, with HECM Reverse Mortgages in Virginia, Maryland, DC and Pennsylvania.  Your local Reverse Mortgage Specialist. 

Click here to learn more about the Reverse Mortgage process and get answers to all your Reverse Mortgage questions.

Jefferson Mortgage Group LLC

2536 Leeds Rd.
Oakton, Virginia 22124
703-319-2198
FAX: 703-773-6946
info@jeffersonmortgage.com
NMLS: 935554

Located in Fairfax County, Virginia. Serving all of Virginia, Maryland, DC & Pennsylvania. 

Testimonials

Jefferson Mortgage Group LLC is licensed in Virginia, Maryland, DC & Pennslvania.
Virginia State Corporation Commission License Number MC-5659 and the Pennsylvania Department of Banking & Securities #46259 
The DC Department of Insurance, Securities, and Banking License #MLB935554
Maryland DLLR License #21586

An Equal Housing Lender

By refinancing the consumer's existing loan, the consumer's total finance charges may be higher over the life of the loan.

This material is not from HUD or FHA and has not been approved by HUD or any government agency.