MARILYN FARBER JACOBS
Realtor, ePRO - Realty Associates Florida Properties
Lic. Mortgage Broker - Iberia Mortgage Corp., Lic. Correspondent Lender

MARILYN CAN HELP YOU

WITH ALL OF YOUR

REAL ESTATE NEEDS



Recommending a Title Company
Recommending an Insurance Broker
Recommending a Home Inspector
Recommending a Locksmith
Recommending a Plumber
Recommending a Warranty Service Company

(The above recommendations are for companies Marilyn has worked with
who have done a good job and are reasonably priced)
Making the Paperwork Process STRESSLESS for you

Call Marilyn at 561-302-3388      email: marilynfjacobs@gmail.com

OFFERING DISCREET AND CONFIDENTIAL SERVICE

LIVING BETTER WITH A REVERSE MORTGAGE!

Reverse Mortgages are for married couples, singles, widows and widowers, age 62+ who live full time in their permanent FLORIDA homes.  It is estimated that about 50% of applicants are widows.

    


Use the equity NOW that you put into your home
in past years to make life better and easier!

SUPPLEMENTAL INCOME AVAILABLE
• NO INCOME REQUIREMENT
• NO REPAYMENT AS LONG AS YOU LIVE IN YOUR HOME
• NO CREDIT REQUIREMENTS
• FEDERALLY INSURED PROGRAM


WHAT IS A REVERSE MORTGAGE?

A Reverse Mortgage enables eligible homeowners who are at least 62 years old to access the quity in their home TODAY and receive a periodic or steady cash flor for the REST OF THEIR LIVES AS LONG AS THEY OR A SPOUSE RESIDES IN THE PROPERTY, or a lump sum.  Unlike a "traditional mortgage," the BORROWER receives payments or a lump sum from the bank rather than making payments.  For those who find, in retirement, that their income does nto match their expenses, the reverse mortgage becomes a financial planning tool.  These are closely regulated loans and not subject to income taxes.

With a Reverse Mortgage, where you receive funds, your debt increases and home equity decreases.  Getting a reverse mortgage is equivalent to "spending down" the equity in your home while living in your home, withOUT having to make monthly mortgage repayments.  You remain on the title, and still pay taxes, insurance and upkeep costs, just as you do now.

If your property appreciates that equity will pass on to your heirs.  The loan becomes due when the last surviving spouse passes away.  The heirs or estate can sell the house, pay off the existing mortgage, and keep the balance.  If you have borrowed more than the property is worth, your estate can deed the property back to the FHA.  YOU CAN NEVER OWE MORE THAN THE BORROWED AMOUNT, as insurance is factored into the fees for a Reverse Mortgage. 


BENEFITS OF A REVERSE MORTGAGE

...Tax Free funds & no loan repayment for as long as you live in your home - lump sum, monthly payout, credit line or combination of two or three of these.

... No income, medical or credit qualifications

... Retain ownership of your home for life - your name remains on the deed.  This is GUARANTEED as long as you maintain your home and pay insurance and real estate taxes

... No restrictions on how you can use the funds

 
Visit Venice or the kids....                       "Burn the Mortgage & have leftover funds   

  
           Paying medical bills                                  Plan additions or repairs to your home



... Loan, fees (except for appraisal) and closing costs are repaid from sale proceeds

... Mandatory payment of existing loan(s) from proceeds

... Free consultation with an FHA independent counselor to be sure this is the BEST alternative for you

... You can purchase a property and do a reverse mortgage the next day


FOR A CONFIDENTIAL MEETING
WITH MARILYN'S MORTGAGE TEAM
CALL HER AT 561-302-3388
SO THAT YOU WILL UNDERSTAND
ALL ABOUT REVERSE MORTGAGES