Reverse Mortgages

1. What Is A Reverse
Mortgage?
By: Greg Lenz, CEO Reverse
Information LLC

2. Reverse Mortgage 101
Think of a credit card...
What if you had a credit card that had a
$100,000 limit, but didn't require a monthly
payment or repayment until you passed away?
You would be able to pay for things with the
card and the balance would be growing each
month because you wouldn't be making a
payment and interest would be added.

3. Reverse Mortgage 101 Continued...
Once you passed away your credit card
company would want the balance paid off.
So your heirs could sell the home in order to
pay off the balance on the credit card.
Any money left over after paying off the card
would be your heirs inheritance.
(Credit Card Balance - Sale Price of Home =
Inheritance)

4. Reverse Mortgage 101 Continued...
Does that make sense?
With a reverse mortgage you receive money
from the value of your home.
The money is provided to you in the form of a
deferred payment loan.
Repayment of the loan is satisfied through the
sale of your asset (home) after you pass away.

5. Your Heirs Options
Your heirs will have a decision to make after
you pass away.
1) They can sell the home
2) They can refinance out of the reverse
mortgage and take ownership
3) They can sign the property over to the lender

6. Want To Learn More?
If you would like to learn more, request our
Free Reverse Mortgage Guide!