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Here is a great solution for Seniors who own manufactured/mobile homes and are having financial difficulty, looking for way to combat the increasing cost of living, or for those who would just like to have some additional resources to enjoy retirement, the Reverse Mortgage is a product that could be an advantage. A Reverse Mortgage is a loan that is guaranteed by the FHA for manufactured homes, but is different from a standard equity line in that: The age of the youngest borrower must be at least 62 or above. There is never a monthly payment as long as you live in the home. The loan is repaid from the proceeds of the sale of the manufactured or mobile home, or through other means, but only when the home is no longer the primary residence of the homeowner. Heirs or beneficiaries are never responsible for the loan. There are no income, medical, or credit requirements. Submit The Form Now! ------>

No Obligation. No Initial Credit Check Expected time to complete 3 minutes Submit Now For A Fast Reply Name: Does My Property Qualify? All property owners are 62 or older. I (we) own the land. Home built after June 1976 Home installed permanently on property If you checked all please continue E-Mail Address Day Phone Second Phone Comments or Questions: By submitting your information in our form you grant permission to be contacted you via telephone or e-mail or both, even if you have previously listed yourself on any internal company, state or federal Do-Not-Call list.

There are multiple ways of receiving the funds including but not limited to: a lump sum, monthly payments (including plans for-life), or a line of credit that gains interest over time. Any outstanding mortgages are automatically paid by the reverse mortgage. This guarantees that the owner now retains the home for life. Funds generated from the Reverse Mortgage are income tax-free and do not affect social security or Medicare benefits. All closings costs can be financed. To qualify your only out of pocket cost would be for a structural engineering report, (Costs range between $200-$500 depending upon location). Submit the short, easy form above for more details

 

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