No One in Washington Is Coming to Pay Your Bills
By Mark McVearry | Reverse Mortgage Answers
No matter what side of the aisle you are on, we all know that things in Washington are not getting any better. More fighting. More gridlock. More promises that never seem to make it past the headlines.
Meanwhile, prices keep rising, savings keep shrinking, and homeowners, especially those on fixed incomes, are left wondering how to keep up.
Here is the truth: no one in Washington is coming to pay your bills.
The mortgage company still wants its payment. The county still expects its property taxes. The grocery store is not taking IOUs.
That is why more homeowners age 62 and older are taking a closer look at a Home Equity Conversion Mortgage, or HECM, what most people call a Reverse Mortgage.
This federally insured loan was created to help homeowners stay in their homes and remain independent. It allows you to:
• Eliminate your monthly mortgage payment (though you can still make payments if you choose)
• Access a line of credit that grows over time
• Create breathing room in your budget without selling your home or taking on a new monthly payment
Your bills are always going to be your responsibility. The only person who is going to come to your rescue is you.
This is not the Reverse Mortgage you might have heard about years ago. Today’s loan is federally insured, highly regulated, and a safe way to help you stay right where you are.
You worked hard for your home. This is a way to access the value when you need it most.
If you would like to learn more, contact Mark McVearry at 410-788-7070.
Mark has over 30 years of experience helping homeowners understand and benefit from federally insured Reverse Mortgages.
