A loan with Atlantic Reverse can ease financial stress and obligations: •Homeowners 62 years or older can access the equity they have created in their home
• Proceeds can be used to eliminate monthly mortgage payments, pay off existing debt or used as a home equity line of credit to create additional monthly income
It is not widely known that a Reverse Mortgage can also be used for the purchase of a new home:
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This information is not intended to be a substitute for legal, tax or financial advice. Consult with a qualified attorney, accountant or financial advisor for additional legal or tax advice. These materials are not from HUD or FHA and were not approved by HUD or a government agency. There are some circumstances that will cause the loan to mature and the balance to become due and payable. The borrower(s) must continue to pay for property taxes, insurance, HOA dues (if applicable) maintain the property to meet HUD standards or risk default.. Credit is subject to age, minimum income guidelines, credit history, and property qualifications. Program rates, fees, terms and conditions are not available in all states and subject to change.
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