Your backup plan for unexpected medical bills and expensive insurance
Aging independently in your own home is a priority, allowing you freedom and flexibility. But the realities of aging often mean extra expenses if you want to do so.?
By unlocking your home equity with a reverse mortgage, you can fund future in-home care, pay the premiums on your existing insurance policy, or cover surprise medical costs. It can also be a tool for you to make safety and accessibility adjustments to your home that allow you to maintain maximum independence as you age.?
We want you to feel secure about the future. Which is why we are here to help guide you through your retirement journey.?
Let us get started today!?
Bill Krone
Reverse Mortgage Specialists
NMLS 199750 | AZ MLO 0913066
13810 N. 50th Street Scottsdale, AZ 85234
1640 S. Stapley Drive, Suite 221 Mesa, AZ 85204
Bill: 602-790-4309
AZreversemortgageteam@wvmb.com
https://arizonareversemortgagegroup.com
This material is not from HUD or FHA and has not been approved by HUD or any government agency.?
The reverse mortgage borrower must meet all loan obligations, including living in the property as the principal residence and paying property charges, including property taxes, fees, hazard insurance. The borrower must maintain the home. If the borrower does not meet these loan obligations, then the loan will need to be repaid.? When the loan is due and payable, some or all of the equity in the property that is the subject of the reverse mortgage no longer belongs to borrowers, who may need to sell the home or otherwise repay the loan with interest from other proceeds. The lender may charge an origination fee, mortgage insurance premium, closing costs and servicing fees (added to the balance of the loan). The balance of the loan grows over time and the lender charges interest on the balance. Borrowers are responsible for paying property taxes, homeowner’s insurance, maintenance, and related taxes (which may be substantial). We do not establish an escrow account for disbursements of these payments. A set-aside account can be set up to pay taxes and insurance and may be required in some cases. Borrowers must occupy home as their primary residence and pay for ongoing maintenance; otherwise, the loan becomes due and payable. The loan also becomes due and payable (and the property may be subject to a tax lien, other encumbrance, or foreclosure) when the last borrower, or eligible non-borrowing surviving spouse, dies, sells the home, permanently moves out, defaults on taxes, insurance payments, or maintenance, or does not otherwise comply with the loan terms. Interest is not tax-deductible until the loan is partially or fully repaid.? Notice: This is not a commitment to lend or extend credit. Restrictions may apply. Information and/or data are subject to change without notice. All loans are subject to credit approval. Not all loans or products are available in all states. AZ BK0018295 | Wallick & Volk, Inc. NMLS #2973. Equal Housing Lender.
