WHAT
IS A LOUISIANA REVERSE MORTGAGE?
A Louisiana Reverse Mortgage allows a senior homeowner (62+) to exchange
a portion of the equity in their home for a Tax Free Income. The Louisiana
Reverse Mortgage has NO Monthly Payments required for as long as you
live. The Louisiana Reverse Mortgage provides Tax Free Cash that can
be used for any purpose. With a Louisiana Reverse Mortgage you retain
the Title to your Home. That means with a Louisiana Reverse Mortgage
you can sell your Home at Anytime. A Louisiana Reverse Mortgage allows
you to receive the Cash in Monthly Payments, A Lump Sum, A Line of
Credit, or a Combination of the above. A Louisiana Reverse Mortgage
does not affect Social Security and Medicare. With a Louisiana Reverse
Mortgage there are No Income, Credit or Health Qualifications.
THE PROCESS OF A Louisiana REVERSE MORTGAGE
• Educate yourself about a Louisiana Reverse Mortgage.
• Get a free information package about a Louisiana Reverse Mortgage.
• Speak with a qualified lender about your option of a Louisiana
Reverse Mortgage.
• Consult a trusted family member or financial advisor about
the benefits of a Louisiana Reverse Mortgage.
• Schedule a counseling session with a third party, non-biased
counseling group about a Louisiana Reverse Mortgage.
• Upon reaching a decision to pursue a Louisiana Reverse Mortgage
complete an application with a qualified Louisiana Reverse Mortgage
Specialist.
• The Louisiana Reverse Mortgage Specialist will begin the underwriting
process by ordering an appraisal, title work, and other related documentation.
• The Louisiana Reverse Mortgage is submitted for final approval
and then is scheduled for closing at a location convention for you.
• At funding of the Louisiana Reverse Mortgage you receive your
Tax Free Cash. |
|
