WHAT
IS A SOUTH CAROLINA REVERSE MORTGAGE?
A South Carolina Reverse Mortgage allows a senior homeowner (62+) to exchange
a portion of the equity in their home for a Tax Free Income. The South Carolina
Reverse Mortgage has NO Monthly Payments required for as long as you
live. The South Carolina Reverse Mortgage provides Tax Free Cash that can be
used for any purpose. With a South Carolina Reverse Mortgage you retain the
Title to your Home. That means with a South Carolina Reverse Mortgage you can
sell your Home at Anytime. A South Carolina Reverse Mortgage allows you to
receive the Cash in Monthly Payments, A Lump Sum, A Line of Credit,
or a Combination of the above. A South Carolina Reverse Mortgage does not affect
Social Security and Medicare. With a South Carolina Reverse Mortgage there
are No Income, Credit or Health Qualifications.
THE PROCESS OF A SOUTH CAROLINA REVERSE MORTGAGE
• Educate yourself about a South Carolina Reverse Mortgage.
• Get a free information package about a South Carolina Reverse Mortgage.
• Speak with a qualified lender about your option of a South Carolina
Reverse Mortgage.
• Consult a trusted family member or financial advisor about
the benefits of a South Carolina Reverse Mortgage.
• Schedule a counseling session with a third party, non-biased
counseling group about a South Carolina Reverse Mortgage.
• Upon reaching a decision to pursue a South Carolina Reverse Mortgage
complete an application with a qualified South Carolina Reverse Mortgage
Specialist.
• The South Carolina Reverse Mortgage Specialist will begin the underwriting
process by ordering an appraisal, title work, and other related documentation.
• The South Carolina Reverse Mortgage is submitted for final approval
and then is scheduled for closing at a location convention for you.
• At funding of the South Carolina Reverse Mortgage you receive your
Tax Free Cash. |
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