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Gary Crist of Colorado

ELIMINATE YOUR MONTHY MORTGAGE PAYMENT WITH A REVERSE MORTGAGE

Saturday, June 11, 2011 - Article by: Gary Crist of Colorado - Colorado Reverse Mortgage Lender at The Federal Savings Bank - Message

Pay off your mortgage loans by using a reverse mortgage to tap into the equity in your home. No monthly mortgage payment is required.

HOW DOES IT WORK?

If you are 62 years of age or older and have equity in your home, a reverse mortgage may turn that equity into cash. You can use the money to repay your mortgage loans, then take any remaining funds as a lump sum, a line of credit, monthly income or any combination thereof. Unlike a traditional mortgage loan, no repayment is required until the home is sold or the owner permanently moves out or passes away.

IT'S EASY TO GET STARTED

o No income qualification

o Minimal credit qualifications - credit score is not a factor

o Minimal upfront cost - most closing costs can be financed using loan proceeds

Best of all, the proceeds are tax-free and you retain title to your home.

The Reverse Mortgage can be completed in as fast as 30 days. To receive more information about this program and its benefits, please visit https://www.ireverse.com/gcrist/locate.html OR contact me directly at 888-546-9927

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