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offered to VFW members through NATIONAL LENDER.
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Today, you can tap the equity in your home to provide a steady stream of income or a line of credit.With a federally insured Reverse Mortgage through a national lender, you can supplement your income, cover medical expenses, make home repairs, pay for property taxes or use it for whatever you may need.
Setting up a Reverse Mortgage is easy through VFW Real Estate and Mortgage Services. This service is an exclusive, new benefit for VFW members and their families. It gives you access to the equity in your home without having to make required mortgage payments. And, provides knowledgeable personnel who can answer your questions as well as special offers to save you money.
A Home Equity Conversion Mortgage (HECM) Reverse Mortgage is a federally insured loan that lets you convert your home equity into cash. You may qualify for a reverse mortgage regardless of your current income. You never have to pay a mortgage payment as long as you live in your home and if you do not wish to keep your home at the time the loan is due. You never owe more than the fair market value of your home upon repayment. The amount paid at loan maturity is the pricipal borrowed, accrued interest and service fees - which you can do at anytime. For more information or to speak directly to a Reverse Mortgage Specialist call 1-877-251-8253.
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It may be if you:
- Are 62 years of age or older.
- Own and occupy your home.
- Have paid off or are close to paying off your home's mortgage.
- Peace of mind — HECM reverse mortgage is federally insured, nationwide program.
- Flexible options, including taking monthly or lump sum payments.
- No income taxes on the cash you receive.
- Virtually no income or credit qualifications.
- No monthly mortgage payments required for as long as you live in your home.
- You keep the title of your home.
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