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FHA Home Equity Conversion Mortgage Benefits Senior Home Owners
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1. Review the information on our site. Visit the HUD web sites. Get familiar with how this loan works: it's basically a home equity loan with no payments required until later, when the loan is paid off. You can use the money for any purpose. There are no restrictions on you.
2. Contact Carteret via this site to speak with a qualified Senior Advisor. We will discuss your needs, based on what's best for you, and outline your options. We will not try to sell you insurance, investments, or anything else. That's a promise! a. We will provide answers to any additional questions that you might have. b.We will provide a personalized, up-to date analysis for you, giving will you specific dollar amounts based on your facts and circumstances. This analysis will give you the important information you need to make an informed decision based on all the facts of your situation. We are here to help you. Our philosophy is to "SERVE FIRST"-serve you, that is, and we'll do plenty of good quality business as a result. Thank you for giving us a chance to earn your business. 3. We will help you arrange for counseling with a HUD approved counseling agency. This is required, as part of the program, for your protection, and to protect the integrity of the process. 4. You will have enough information to decide whether you want to proceed with the application process, defer this until later, or say "No, thank you." Whichever way you decide, you will have made a new friend. We get referrals from people who said "No thanks" because they appreciate how we do business. You are never obligated to proceed. You have 3 business days after the loan closing to cancel the transaction. (This is a Federal law.) |
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Related Links |
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Fannie
Mae information on Reverse Mortgage
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