5960 Howdershell Rd.  Suite 206  St. Louis, MO  63042
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REVERSE MORTGAGES                 

WHAT IS A REVERSE MORTGAGE?

A Reverse Mortgage is a loan against the equity in your home.  It provides tax-free cash advances and requires no payment during the term of the loan.

   WHO QUALIFIES FOR A REVERSE MORTGAGE?

¨ You must be at least 62 years of age

¨ You must own your home or condominium

¨ You  must live in the home or condominium as your principle residence.

¨ There are NO credit requirements for this type of loan.

                  WHAT CAN YOU DO WITH THE CASH YOU RECEIVE?

 The cash you receive can be used for whatever purpose you want.  A new car, a vacation, home improvements, home modifications, the purchase of a new home, whatever you like.  It is YOUR money to do with whatever you please.

                     

SOME FACTS ABOUT A REVERSE  MORTGAGE                                                                  

¨ A Reverse Mortgage does not affect Social Security, Medicare, Pension benefits or SSI.

¨ All fees are financed into the loan.

¨ The title to the property remains in YOUR name.  The Reverse Mortgage is a loan against the equity of the property.

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5960 Howdershell Rd.  Suite 206 | St. Louis, MO 63042
314.731.2211 | 888.560.2211 toll free
 carterlending@carterlending.com