Reverse Mortgage McLean VA | (703) 594-9229 | SLS Mortgage McLean

Reverse Mortgage McLean VA | (703) 594-9229 | SLS Mortgage McLean Reverse Mortgage McLean VA - http://slsmortgagemclean.com (703) 594-9229 Money can be a hard thing to come by these days, particularly for older individuals with nothing more to rely on than Social Security and retirement benefits. However, many seniors may not realize that they're actually sitting on a huge goldmine: their homes. A reverse mortgage is an excellent options for older individuals that need cash for any number of reasons. These types of loans can be used to pay off debt, take care of medical bills, finish a remodeling project, take a vacation, or even supplement an income - all without those pesky loan repayments! Understanding Reverse Mortgages: Although they may seem somewhat complicated, a reverse mortgage actually operates on a very simple idea. They are basically mortgage loans that enable home owners to convert a good chunk of their equity into cash. Reverse mortgages are so named, because instead of the borrower giving money back to the lender, the lender fives money to the borrower. The borrowers are also not required to make monthly mortgage repayments with these types of loans, as long as they live in the home. Money received from a reverse mortgage is non-taxable, and it should not affect any Social Security or retirement benefits. To learn more about a reverse mortgage in McLean VA and other mortgage loan programs, visit our YouTube channel: http://www.youtube.com/user/culpeperhomeloans SLS Mortgage McLean (703) 594-9229 Reverse Mortgage McLean VA - http://slsmortgagemclean.com