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