LIVE LIFE ON YOUR OWN TERMS, PAY OFF DEBTS AND PLAN A SECURE RETIREMENT!
YOU CAN PAY OFF YOUR EXISTING MORTGAGE
YOU CAN HAVE A TAX-FREE INCOME
YOU WILL CONTINUE TO MAIN THE TITLE TO YOUR HOME
YOU OR YOUR HEIRS STILL KEEP ALL REMAINING EQUITY
YOU NEVER MAKE MONTHLY PAYMENTS (The lender pays you!)
THERE ARE NO UPFRONT FEES COLLECTED
IT WON'T AFFECT SOCIAL SECURITY OR MEDICARE BENEFITS
THERE ARE NO RESTRICTIONS ON HOW YOU SPEND THIS MONEY
YOUR CASH IS DISTRIBUTED TO SUIT YOUR NEEDS AND LIFESTYLE
MOST LOANS ARE GOVERNMENT INSURED
YOU CAN REPAY AT ANY TIME WITH NO PRE-PAYMENT PENALTY
YOU WILL NEVER HAVE TO REPAY MORE THAN YOUR HOME'S VALUE
With healthcare and retirement costs rising, hundreds of thousands of Americans have been turning to the REVERSE MORTGAGE as a solid financial and retirement solution. It's a bold and wise step that provides many with a new start in life, not surprising for a generation known for living life on its own terms.
The investment you made in your home can now give you extra, tax-free* cash on a monthly basis. That's right, instead of making your house payments to the bank every month, A REVERSE MORTGAGE PAYS YOU EVERY MONTH!* This is actually your money (your home equity), and the reverse mortgage is simply a great and safe way for you to access this money. Most importantly, your home remains your own until the day you decide to leave it.*
If you qualify (you are 62 years or older, own your home and have equity in your home), you may receive payment in short order. You can choose from three types of payment: 1) Lifetime monthly income, 2) Cash available anytime, 3) Lump-sum payout (or any combination of the above options).
Most reverse mortgages are regulated and insured by the Federal Housing Administration (FHA). There are many built-in consumer protection features that protect you and your heirs:
It is important that you work with the right reverse mortgage company. Below are three main reasons why choosing Golden is a smart decision:
* CONFIDENTIALITY AND DISCLAIMER:
When the loan is due and payable, some or all of the equity in the property no longer belongs to the borrower(s), who may need to sell the home or otherwise repay the loan with interest from the proceeds. Golden mortgage, your lender and title/escrow company charge an origination fee, mortgage insurance premium, closing costs and servicing fees (added to the balance of the loan). The balance of the loan grows over time and the lender charges interest on the balance. Not all interest on reverse mortgage loan is tax-deductible and to the extent that such deduction is not available until the loan is partially or fully repaid. Consult your tax advisor.
Borrowers are responsible for paying property taxes, homeowner's insurance, and related taxes (which may be substantial.) We do not establish an escrow account for disbursements of these payments. A set-aside account can be set up to pay taxes and insurance and may be required in some cases. Borrowers must occupy home as their primary residence and pay for ongoing maintenance; otherwise the loan becomes due and payable, and the property may be subject to a tax lien, other encumbrance or foreclosure when the last borrower or eligible non-borrowing surviving spouse dies, sells the home, permanently moves out, defaults on taxes, insurance payments, or maintenance, or does not otherwise comply with the loan terms.