Free Reverse Mortgage PDF's
Kansas Reverse Mortgage Directory
Kansas Reverse Mortgages
Larry brings knowledge and expertise to his role as a reverse mortgage consultant. He spent many years as a reverse mortgage managing director... Read More
Larry McAnarney
Reverse Mortgage Consultant
Office - 630-276-9326 | Toll-free – 888-898-7121 | Cell - 815-654-7100
Email | Website
Kansas Reverse Mortgages
A primary goal of many seniors entering into retirement is to stay in their home. Yes, some want to travel, some want to move to warmer (or cooler) climates, but most people simply want to stay in the home that they have worked so hard for over the years. This is a Kansas reverse mortgage allows you to do. A Reverse Mortgage allows you to borrow a portion of your homes equity, without repaying that money, so long as you live in the home. This money is tax free, so it does not affect Medicare or Social Security payments. Kansas reverse mortgages are very safe, being indured by the FHA and supported by AARP. Kansas reverse mortgages are the perfect way to establish More Retirement Income. Proceeeds must be used to pay off the existing mortgage, if one exists, then the proceeds may be used for whatever purpose you choose. The top 5 uses of reverse mortgage proceeds are listed below, along with some Kansas reverse mortgage rules.
Top 5 Uses of Reverse Mortgage Proceeds
- >> A more comfortable retirement
- >> Pay medical bills or prescriptions
- >> Travel or gifts
- >> Pay off credit cards & other high interest debt
Kansas Reverse Mortgage Requirements
- >>Borrowers must be Age 62 years or older
- >>Own their home and have enough equity in to qualify
- >>Occupy the home as primary residence
- >>Receive counseling by an approved HUD/FHA counselor
- >>The home must be in reasonably good repair
Revere Mortgage Resources
We do not make loans. If there is not a licensed representative in your area feel free to inquire with HUD, or the mortgage regulatory body in your state for more information on reverse mortgages. You may also contact the National Reverse Mortgage Lenders Association, or "NRMLA" for a licensed representative in your state.
