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American Senior Mortgage

American Senior Mortgage offers mortgage and refinance services for home owners and home buyers. Experienced mortgage professionals providing full mortgage related services.

http://www.americanseniormortgage.com/

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American Senior Mortgage offers mortgage and refinance services for home owners and home buyers. Experienced mortgage professionals providing full mortgage related services.
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American Senior Mortgage | americanseniormortgage.com Reviews

https://americanseniormortgage.com

American Senior Mortgage offers mortgage and refinance services for home owners and home buyers. Experienced mortgage professionals providing full mortgage related services.

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1

Use of the Money

http://www.americanseniormortgage.com/use-of-the-money

How You Can Use the Money You Receive. Pay off existing mortgage or debts,. Anything from credit cards to home equity lines of credit to car loans. Adding to your monthly income. You can take the money from a reverse mortgage as a monthly payment to supplement your existing income. Paying for home maintenance or repair. Your home is probably your most valuable asset and you can use the money you get to maintain, or possibly increase its value. Creating a cash reserve for emergencies.

2

Who is Eligible

http://www.americanseniormortgage.com/who-is-eligible

Who is eligible for a reverse mortgage? You (and all co-borrowers) must be at least 62 years old. The home should have a very low mortgage balance or be owned free and clear. The home must be owner-occupied. (FHA-approved condominiums and two- to four-unit dwellings (owner occupied) are also eligible.). Mortgage Website Design by.

3

FAQ

http://www.americanseniormortgage.com/faq

1What is a reverse mortgage? A reverse mortgage is a loan that enables senior homeowners, age 62 and older, to convert part of their home equity into tax-free* income-without having to sell their home, give up title , or make monthly mortgage payments. The loan only becomes due when the borrower permanently leaves the home. Consult Tax Advisor. Not all products available in all states. 2 How does a reverse mortgage differ from a home equity loan? 3 What are the advantages of a reverse mortgage? All borro...

4

How Much Do you Qualify for

http://www.americanseniormortgage.com/how-much-do-you-qualify-for

How much money can I get? The amount you can borrow depends on several factors, including your age, the type of reverse mortgage you select, current interest rates, the location of your home, and the appraised value of your home and FHA's lending limits for your area. In most cases, the older you are, the more valuable your home, and the less you owe on it, the more money you can get. Call us today at 877-396-8059 for an estimate of how much you qualify for. Mortgage Website Design by.

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