|
YOU NEVER MAKE ANY PAYMENTS!
As long as you coninue to
live in the house, you never have to make any
payments. The money you receive
decreases your equity every month,
but
the bank has already determined (based upon your age) how much
they
can
lend you without much of a chance of your equity ever running out.
YOUR HEIRS ARE
PROTECTED!
Once you pass away, your
heirs are protected. They can keep the house
or sell it, pay off the mortgage, and
keep the balance. The Bank can
never
take the house from you as long as you continue to pay your real
estate
taxes and homeowners
insurance.
CONTACT US FOR MORE INFORMATION AND A THOROUGH EXPLANATION OF THE
LOAN.
|
