FICTION: The income received for my Reverse Mortgage will affect my Social Security and other benefits. FACT: It is a loan, and therefore is not considered taxable income. It will not lower important Social Security and Medicare benefits. FICTION: My children will be responsible for the repayment of the loan FACT: Your heirs or estate only pay back the balance on the Reverse Mortgage, which is the money you used in the program and the accrued interest on that amount. FICTION: If I get a Reverse Mortage, the bank will own my home. FACT: With a Reverse Mortgage, you retain 100% ownership of your home. When you have facts, you can make better decisions about your retirement future. TO FIND OUT MORE ABOUT REVERSE MORTGAGES, GIVE ME A CALL TODAY.
Shawn Hunt Senior Vice President, Branch Manager NMLS ID# 1098459 Branch NMLS# 2443130 shunt@cmghomeloans.com
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