Are you interested in learning about a Reverse Mortgage? If so, visit the OneTrust Senior Lending website, and request your FREE Information Kit to begin learning about how a Reverse Mortgage can change your life. Below are a few myths that you probably hear about Reverse Mortgages, so we have gone ahead and put the facts down for you to learn. Give us a call at 877-707-2050 to speak to a Reverse Mortgage Specialist today!
MYTH: “The bank will take my home instead of it being left to my heirs.”
FACT: The home becomes part of the estate and will remain so upon the death of the borrower. The heirs can choose to refinance the Reverse Mortgage to a standard mortgage and keep the house or choose to sell the home to pay off the Reverse Mortgage and keep the remaining equity.
MYTH: Proceeds from a Reverse Mortgage is viewed as income, affecting Social Security and Medicare income.
FACT: A Reverse Mortgage does not affect Medicare or Social Security benefits.
For complete Reverse Mortgage loan program details and to find out more, contact us today at 877-707-2050 or go to www.OneTrustSeniorLending.com