Florida Reverse Mortgages : Uses For a Reverse Mortgage

How can I use the funds from my

Reverse Mortgage?

Not Only Am I A Reverse Mortgage Specialist, But I Am Also a Client!!!

*Some Common Uses*:

· Supplement your monthly income.

· Pay off mortgages and other debts.

· Pay taxes and Insurance.

· Hire Domestic help.

· Buy/Repair car.

· Eliminate monthly payments.

· Home improvement.

· Travel.

· Pay living and health care expenses.

· Help with grandchildren's education.

· Share inheritance in life, watch them enjoy it.

· or any way you like.

Wise Tactical Borrowing for Estate & Retirement Planning*:

· Wealth preservation.

· Reduce taxable estate.

· Avoid liquidating other investments or assets and paying Capital Gains Tax..

· Charitable gifts.

· Purchase Single Premium Life Insurance.

· Purchase Single Premium Long Term Care Insurance

· Trust & Venture funding.

· Buy a second home or investment property.

· Investments. • etc...

*Consult you tax, financial and/or legal advisor.

Am I / Are we Candidate(s) for a “Reverse Equity Mortgage”?

Please check what best fits your personal situation:

1. Is at Least one of the Owners on Title 62 years of age or older? [ ] Yes [ ] No Will be 62 soon? [ ] Yes [ ] No

_____________ Date of birth: ____/____/____ _____________ Date of birth: ____/____/____

2. Do I / we live in a [ ] single family residence, [ ] Condominium, [ ] Multi-Family (1-4 units), [ ] “PUD”
Planned Unit Development, anywhere in Florida? (Trailers and some manufactured homes may not qualify)

3. Am I (Are we) planning to live in this home five years or more? [ ] Yes [ ] No

4. Is my home free and clear of any mortgage debt? [ ]Yes [ ] No
Mortgage bal.: $___________ Monthly Payment:$_______

5. Do all Senior Owners live in the home as their principal residence? [ ] Yes [ ] No

6. Would I like to not have to make any monthly Principal & Interest mortgage payments as long as I/we live in this home? [ ] Yes [ ] No

7. I estimate my home’s present market value at: $___________________

8. Would I like to improve my financial quality of life? [ ] Yes [ ] No

9. Would I like to receive, tax-free, a monthly income as long as I live in this home? [ ] Yes [ ] No

10. Would I like to receive, tax-free, a lump sum of cash or a “Creditline” to cover expenses? [ ] Yes [ ] No

11. Would I like to reduce my Taxable Estate and improve my financial planning? [ ] Yes [ ] No

12. Is my home in Foreclosure**? [ ] No [ ] Yes (could probably pay off current mortgage)

13. Am I in Bankruptcy?**: [ ] No [ ] Yes: [ ] Chapter 13 [ ] Chapter 7 (call right now, you could probably get a discharge)

14. My other alternatives: a) Sell my home! [ ] Yes: Real Estate Commission (6%): $___________________

Move where?: ______________ [ ] No

b) continue living in my home with present income. [ ] Yes [ ] No
c) Other solution: _________________________________________________________________

(**consult your attorney)

If you have answered Yes to questions #1 thru #4 and to others, you could be a Candidate, call me today. If you have a relative or friend that could benefit from a REM, please ask them to call me.