Reverse Mortgage Information Center

Being an expert in Reverse Mortgage Solutions for Seniors is much more complex than simply being a licensed loan officer. To truly serve the needs of a senior by using a reverse mortgage, an understanding of more than the reverse mortgage itself is required. Estate planning, trust fund considerations, medical care planning and power of attorney issues are often involved. This makes the use of a true qualified professional extremely important.

What are some of the benefits of a reverse mortgage?

• Strengthen your personal and financial independence.
• No Income Requirements: The homeowner does not need to be working and is not qualified based on income.
• You can never lose your home in foreclosure as long as you live in the home as your primary residence.The loan is only paid off when the house is sold by you or your heirs, or all borrowers move out of the house.
• Keep your Medicare or Social Security benefits.
• Use it as a credit line and draw upon it as needed.
• Get all your cash right away.
• Get the best of both—get cash now and have a balance in reserve to use as a credit line.

Common Uses of a Reverse Mortgage

• Hospital and Health Care costs. The biggest potential burden to Seniors can be offset with funds from a Reverse Mortgage.
• Eliminate current mortgage payment burdens.
• Home Improvements or Repair. You can use the funds to turn your home into the dream home you always wanted.
• Reduce burden on children. If your children are helping support you, you can relieve them of the burden with a Reverse Mortgage.
• Gifts to heirs. You can help your children buy their first home, or send a grandchild to college.
• Peace of Mind. A Reverse Line of Credit can be used for any future emergencies.

Click on the Reverse Mortgage Calculator to see a sample of what loan amounts and options you qualify for.

REVERSE MORTGAGE CALCULATOR

If you are looking for information about conventional mortgage products, please visit our  main website at www.morningstarmortgage.com. A Certified Mortgage Planning Specialist  will be happy to assist you.

	Retirement advice and news - CNNMoney.com Retired? Flex your investing muscle - 1 day ago Question: What is the most aggressive asset allocation that a 70-year-old retiree should have? --Martin Reynoso, Albuquerque, New Mexico The trouble with annuities - 2 days ago With the uncertainty of the market these days, a lot of investors are running for cover with their retirement funds. No wonder sales of fixed annuities surged 74% for the first three months of 2009, according to research association LIMRA. Invest for the rest of your life - 8 days ago Question: I'm a 56-year-old teacher and my husband recently passed away. I don't own a home or have a pension or any investments, but I will receive a considerable sum from my husband's life insurance policy. My question is how should I invest this money? A financial adviser at my credit union wants me to put it into a variable annuity, but I've heard that this type of annuity is good only for the person selling it. What should I do? --Val, California Plenty of savings, no investing strategy - 8 days ago The Aquinos live by a simple rule: "If we can't pay for something, we don't buy it," says Liz, 34. In the eight years she and Tony, 36, a systems engineer, have been married, the couple have socked away more than $400,000. Betting your IRA on real estate - 9 days ago Question: I'm 52 years old and think I might get laid off soon. If I do, I'm thinking of rolling over the $250,000 in my 401(k) into a self-directed IRA that I would invest in real estate and try to make money in foreclosures, rental properties, etc. Do you think this is a good idea? --Larry C., Eldersburg, Maryland

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