Reverse Mortgages

1. A new source of
Retirement Cash Flow….
Federally Insured Cash Accounts
Call Ginny Cooper for information
800-554-4325
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2. You’ve worked hard for many years
to pay for your home.
Now your home can pay you back with a
unique and new source of extra cash.
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3. How do these new
programs work?
They tap the equity in your home.
You make No Monthly payments, EVER!
Take a Lump sum, monthly, or combined.
They only become due when you pass away or sell the
home. And your heirs are NEVER liable. The house is
the only source of re-payment.
Most programs are federally insured.
Most programs leave an equity cushion for your heirs.
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4. It’s YOUR Money!!!
•Use the benefits in any
way you want to!
Pay medical bills.
Buy a second home!
Make those home repairs.
Pay your taxes or insurance.
In-Home Health Care.
Buy a new car.
Gift gifts to your heirs tax free.
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5. So what’s the catch?
Sounds too good to be true.
NO monthly payments.
NO hidden costs, federally regulated.
NO Mortgage payments FOR LIFE!
SAFE! Stop worrying about money!
Confidential. Privacy assured!
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6. WHO IS ELIGIBLE?
•At least 62 years old.
•Own home free and clear - OR
•Have a low mortgage balance.
•No income needed.
•No credit needed.
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7. WHAT KIND OF PROPERTY WILL QUALIFY?
•Your home must be;
Single Family House - or
Condo/Town House - or
Planned Unit Development (PUD) - or
HUD approved Double-wide. You must own the
lot where you live.
Duplex or 1 to 4 family also OK.
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8. Do I need any “up front” money?
•Generally, no “out of pocket” costs.
Costs are usually paid from the benefits
you are eligible for.
No application fees ever.
You might have to pay for your appraisal up
front, but if you do you will get your money back
at closing.
Normal costs include taxes, title insurance,
HUD Insurance fees, and the origination fee.
ALL are subject to federal guidelines.
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9. What about Social Security?
These programs will usually not effect
Social Security or Medicare benefits.
They might affect your SSI payments if
your total LIQUID resources are greater
than $2,000 for individuals or $3,000 for
couples. Be sure you ask your tax advisor
about this. There is a way to make this
work without risking your SSI.
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10. Do we keep the title to our home?
YES, you do!
As long as you live in it as your primary
residence…..
And you continue to take good care of it…..
And pay the taxes and insurance on time…..
For the rest of your life (both you AND your
spouse) - with no monthly payments ever due.
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11. How safe is the program?
Federally Insured. Closely regulated.
The Reverse Mortgage concept is
endorsed by HUD and the AARP.
Our Investor is nationally recognized and
HUD approved.
Our employees are subject to a strict code
of ethics regarding working with Seniors.
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12. How Do You Learn More?
Call any of the Value Financial Companies 24 hours
or review any of the Internet Web Sites listed here!
You can APPLY ON LINE!
Value Financial Mortgage Services, Inc.
www.valuefinancial.net
America’s Senior – Financial Services & Reverse Mortgages
www.americassenior.net
America’s Reverse Mortgage Company
www.vfrms.com
(800) 554-4325
Ginny Cooper---- Value Financial
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