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MEL SMITH--LENDER OF THE MONTH

Reverse Mortgage for New Yorkers

Sunday, January 23, 2011 - Article by: MEL SMITH--LENDER OF THE MONTH - . - Message

It's Time to Spend Retirement on Your Terms
A Reverse Mortgage is a loan that allows eligible senior homeowners age 62+ to convert a portion of their home equity into a stable source of tax-free supplemental cash flow. A Reverse Mortgage gives you the ability to enjoy financial security and peace of mind, while remaining in your home during your retirement years.

You also have the freedom to use the money you receive however you want--there are no limitations*:

* Supplement your retirement income
* Pay off an existing mortgage or other existing debt
* Pay for medical care, prescription drugs and in-home care
* Cover large or unexpected expenses
* Make home improvements and repairs
* Travel to visit family and friends or take vacations
* Contribute to your grandchildren's college education
* Live a more comfortable lifestyle

The ultimate goal in the current financial season is to be informed. It is absolutely important to make wise financial decisions to protect your family. Take the time to research and determine if a Reverse Mortgage is right for you. I always like to see my clients succeed with their important home investment.

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