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09.06.07 Is a Reverse Mortgage Right For You?
MP3 Audio: 09.06.07 Is a Reverse Mortgage Right For You? (0.91mb) Download
By: David Bach visit website
Genre: personal finance/
Tags: investing, millionaire, personal finance, real estate
David Bach's Finish Rich Minute is brought to you by Wells Fargo Home Mortgage, a division of Wells Fargo Bank N.A., Equal Housing Lender and founding sponsor of The Great American Homeowner Challenge TM.
Hi, this is David Bach. Reverse mortgages are gaining popularity. In fact, over 76,000 seniors took out a reverse mortgage last year. If you're age 62 or older you can apply for a reverse mortgage to convert your home's equity into tax-free money. You don't repay the loan until you sell your home or no longer live in it as a primary residence. There's no income, employment or credit check to qualify. And although most reverse mortgages offer an adjustable rate, lenders are now starting to offer fixed rate products as well. I'm David Bach. Find out if tapping your home's equity through a reverse mortgage is the right choice for you. Visit my website at DavidBach.com.
Visit davidbach.com for mortgage information and to find a branch near you.
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