SENIOR REVERSE MORTGAGE     1-800-817-8743

THIS IS AN F.H.A. GOVERNMENT PROGRAM!

Hello, my name is Dan Palumbo. I am a Licensed Mortgage Banker with over 20 years of experience.  I am licensed in New Jersey  and FLORIDA.  Thank you for visiting our Reverse Mortgage Web site. Here you will find FREE information about the popular Senior Reverse Mortgage Program.  

My company is Alliance Financial Network.  

NEW JERSEY:  8 Hyers Street   Toms River, NJ  08753

Register now for automatic Reverse Mortgage updates and your FREE On-Line Reverse Mortgage Booklet.  

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The REVERSE MORTGAGE GOVERNMENT PROGRAM!
  • Pay off a Mortgage
  • Pay off your debts.
  • Take CASH with NO monthly repayment.

This program will create an additional income stream for you, just for being a senior.

What is a Reverse Mortgage? A Reverse Mortgage is a special kind of mortgage loan for seniors. It is a safe and easy way to turn your home equity into cash. Unlike a home equity loan, you do not have to make monthly payments. Instead, a reverse mortgage pays YOU. Let’s say that again, a reverse mortgage PAYS YOU! More importantly, you do not have to repay the loan for as long as you live in your house for as long as you live in your house. It’s a great way to keep your home and get money from it at the same time.

Requirements:

  • You and any co-borrower must be 62 years old.
  • You should own your home free and clear; however you can pay off an existing mortgage paid off and put that money into YOUR pocket each month.

There is NO CREDIT or INCOME requirement to satisfy.

How much can you borrow? The amount you can borrow is based on the value of your home and the age of the borrowers.  A FREE printout of what you qualify for is provided.  Just call me toll free at 800-817-8743 or e-mail me at dan@alliancefinancialnet.com and I will be pleased to fax or mail it to you upon request with NO obligation.

How can you receive your money? Several ways
  1. Equal monthly payments as long as you live in your home.
  2. Equal monthly payments for a certain period of time.
  3. A line of credit you can draw upon, as it is needed. *Most Popular

When must you repay the loan?

     1.  Upon the death of the last remaining borrower.

     2.  Sale of the Home.

 

Note: Your heirs are not responsible for any over payment by this program.

What about Interest Rate Charges and Fees? Reverse mortgages charge interest at an adjustable rate. That means the interest rate you are charged can change periodically. This does not affect the amount of money you receive. You pay the interest at the time the loan is repaid. You also incur closing costs and fees when you obtain the reverse mortgage. These items can be included in your loan so you don’t have to pay cash for them. YOU PAY NOTHING OUT OF YOUR POCKET!

Are Reverse Mortgages safe? Reverse Mortgages are very safe. You own your home. The Deed stays in your name and in YOUR possession. FHA and Fannie Mae guarantee the payments that are made to you. They also guarantee you can stay in your home as long as you like, and you will never owe more than your house is worth.

WHAT IS NEEDED?

  1. NO MONEY from YOU!  (except home appraisal)
  2. Photo ID (Driver’s license, passport, state official ID)
  3. Copy of Social Security Card and Medicare/Medicaid Card
  4. Copy of most recent TAX Bill OR copy of the Deed
  5. Copy of Homeowners Insurance
  6. Most Recent Mortgage Statement (if applicable)
  7. Original Counseling Certificate

    We will provide you with the address and phone numbers of the nearest government facility to your home.  These people are HUD counselors.  This is a FREE service.  The counselor must visit you by phone, at their office or at your home to explain the program in detail. At the completion (an hour or so), she will issue you a certificate that you must bring to ALLIANCE FINANCIAL NETWORK.       

For your REVERSE Mortgage loan appointment, you can come to us, we can go to you or we can correspond via mail.  Please call us for a personal explanation of the program and FREE government print-out of your available benefits.

You have worked all of your life for your home, now it’s time your home works for you!

Call TOLL FREE for an appointment and/or more information:    Information is always FREE!  The Reverse Mortgage Hotline number is....

800-817-8743

 

Sincerely,

Dan Palumbo, Licensed Mortgage Banker

For a FREE Analysis on what you would be entitled to, complete the questions below.  We will send your Free Analysis and more information to you immediately.....All FREE and with NO Obligation.

You have worked all of your life for your home, now make your home work for You!
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Licensed Mortgage Banker-NJ Department of Banking


Equal Housing Lender

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