You don’t have to make sacrifices!
You don’t have to depend on anyone! (friends or children)
You can maintain your pride, your dignity and your independence using the smartest investment you ever made; your “Old Kentucky home.”
A Reverse Mortgage is the answer for seniors that need additional income and are at least 62 years old. You have to own your home free and clear or have substantial equity (a low mortgage balance) but if you do that’s all it takes to make your home a source of income that gives you back your pride and your independent spirit.
The funds from a Reverse Mortgage can be used to:
a. Retire Credit Card Debt
b. Pay off or buy a new car (and have no payments)
c. Purchase an Annuity and have an income stream
d. Take a Vacation or pay for your Grandchildren’s Education
You can never lose your home with a Reverse Mortgage in Kentucky or any state as long as you make the home owners insurance payment, pay the real estate taxes and live in the home. We will say it again; You can never lose your home as long as you pay your homeowners insurance, pay your real estate taxes and live in the home. If one spouse dies, the other lives in the home until they decide to sell the home, move and/or pass away.
HomeStar Financial, LLC is a full service mortgage broker, licensed by Kentucky, that does all of the work necessary to secure a Kentucky Reverse Mortgage for you. We specialize in Reverse Mortgages having done them for over 4 years, long before they became popular. Why hesitate to learn about Reverse Mortgages? You have nothing to lose, it does not cost you anything, and it may be the best decision you make in your retirement years. There is plenty of misinformation out there about Reverse Mortgages. The more you read about Reverse Mortgages the more comfortable you will become with what they have to offer as well as many of the options you have with a Reverse Mortgage.
Remember a Kentucky Reverse Mortgage is only based on 2 things:
- You must be 62 year of age or older!
- You must own or have a lot of equity (small mortgage balance) in your Kentucky home!
Bad credit? Not a Problem! Credit is not even considered!
No Job or Income? Not a Problem! Income isn’t considered!
Handicapped or Ill? Not a Problem! Breathing is all that counts!
Rich or Poor? Not a Problem! Wealth or lack of is not an issue!
Filed Bankruptcy? Not a Problem! Credit is not an issue!
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