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Reverse Mortgage Information - Reverse Mortgage Guide

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Reverse Mortgage Information - Reverse Mortgage Guide

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  1. Reverse Mortgage Finance Solutions - Reverse Mortgage Information Reverse Mortgages Common Loan Purpose & Use : Below are the most common reasons why people release home equity through a reverse mortgage RECEIVE ADDITIONAL INCOME CONSOLIDATE AND PAY ALL DEBTS BUY A NEW CAR FUND AGED CARE UPGRADE HOME PAY FOR VACATION HELP THE FAMILY – OR THE GRAND-CHILDREN Key Points: additional income, consolidate debt, buy a new car, fund aged care, finance home improvements,, pay for holidays and more. Many of our senior clients use reverse mortgage information to receive longevity risk and consult with RMFS consultants to make decisions for your long- term best interests While you can use the loan proceeds on anything you want, you must consider

  2. you pass away. Repayment is not required until you sell your home, permanently move out, or According to SEQUAL, $85,000 is the average reverse mortgage loan amount. About Us : Reverse Mortgage Finance Solutions (RMFS) have the experience and expertise to help you obtain the money you need to finance your essential and special retirement needs. Our consultants offer a ‘face to face’ service that guides you in every step, from initial enquiry until you receive your loan funds at settlement. We go the extra mile to educate you on both the risks and benefits of unlocking your home equity through a reverse mortgage. We will assess your suitability for getting the loan, and advise you of the likely impact of reverse mortgage to you and your loved ones. Once you have made your decision, your RMFS consultant will prepare all the necessary paperwork and submit the loan application to your chosen lender. We will organise a valuation of your property and monitor the progress of your loan from start to finish. This usually takes 4 -5 weeks, but it may take longer if you are re-financing a loan from another lender.

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