REVERSE MORTGAGE FAST FACTS

.  All borrowers must be 62 years old

 

.   No repayment penalty is made until the home is sold or the     owner  permanenly moves out of the house. As long as you pay your real estate taxes, home owners ' insurance and keep the property maintained. 

 

.   You will never owe more than the current market value of your home.

 

.   Interest is paid at the time the loan is repaid.

 

.   When the loan is due, your heirs have choices-they can repay the loan and keep house, or sell the home and repay the loan.

 

.   Social Security benefits and medicare are generally not affected by a reverse mortgages-consult appropriate government agencies.

 

.   You own the home-the lender does not take control of the title.

 

.   Closing costs and fees incurred can be financed as part of the loan.

 

.   THE CASH YOU RECIEVE IS TAX FREE.     

CALL TODAY FOR MORE INFORMATION 973-299-1209

THIS MATERIAL IS NOT FROM HUD OR FHA AND HAS NOT BEEN APPROVED BY HUD OR A GOVERNMENT AGENCY.

If you prefer to speak to a mortgage professional,
Call (973)299-1209
Evenings & Weekends Call,
(973) 886-2937

 

You can apply online, by phone or face-to-face

 

Ask Us About Our No Cost Loans

 

28 Years of Proudly Serving
the State of New Jersey

 

Se Habla Español

Hours of Operation:
Monday–Friday
8:30 a.m.–5:30 p.m.
Also Open Weekends

License
#NMLS 203510 # 237545

Memberships:
National Association of Independent Housing Professionals-Director

E & G Financial Services Inc. NMLS #203510 1200 Route 46 W, Suite 201
Parsippany, NJ 07054-2154

 

Phone: (973)299-1209
Fax: (866) 421-8133
ed@eandgfinancialservices.com

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E & G Financial Services Inc.