Most Valuable Product Of The Week: Reverse Mortgage

  REVERSE MORTGAGES....

Access Your Home Equity with a

Reverse Mortgage

Please Tell Me More!

This is going to be the first of a series of emails to educate you on our Reverse Mortgage product which is a viable option for homeowners 62 years of age or older.

If you are looking for ways to supplement

your retirement income, payoff an existing mortgage to save money, slow or eliminate using your owns personal funds to pay your bills, and create a monthly payment to yourself, a Federal Housing Administration (FHA) insured Home Equity Conversion Mortgage (HECM), commonly known as a Reverse Mortgage, may be the answer.

A HECM/Reverse Mortgage loan allows you to access a portion

of your home’s equity without having to make monthly mortgage payments.

If you are

62 years of age or older and have sufficient home equity, you may be able to obtain the funds you need to:

• Pay off your existing mortgage
• Continue to live in your home and maintain the title
• Pay off medical bills, vehicle loans or other debts
• Improve your monthly cash flow
• Fund necessary home repairs or renovations
• Build a “safety net” for unplanned expenses 

It's important to note that reverse mortgages are loans and must be repaid eventually. Interest accrues on the loan balance over time, which means the total amount owed increases over the life of the loan. When the loan becomes due, either through the sale of the home or the borrower's passing, the proceeds from the sale are used to repay the loan, with any remaining equity going to the borrower or their heirs. Reverse mortgages also come with certain eligibility requirements and fees, so it's crucial for individuals considering this option to thoroughly understand the terms and consult with a financial advisor to make an informed decision.

Please reach out to us at Info@parkplacefg.com to learn more about Reverse Mortgages and our exciting range of diverse mortgage products. We are confident that our flexible solutions can help you achieve your homeownership dreams. We look forward to working with you and assisting you in finding the perfect mortgage option.

Offices in CA, AZ, CO and Coming Soon NV

Park Place Financial Group

Joe Costa/Marni Wolf

619-990-7552

www.parkplacefg.com

info@parkplacefg.com