Is A Louisville Kentucky Reverse Mortgage Right For You? Article

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Is A Louisville Kentucky Reverse Mortgage Right For You?

I have many home owners ask me if a Louisville Reverse Mortgage is right for them… and I always mention the top advantages to the HECM product to see if it fits into their needs.

Author: Nathan Soliday

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There are many. Here are a few of the most significant:

• Remain independent. A reverse mortgage allows you to remain in your home and retain home ownership.
• No monthly mortgage payments required. Repayment of the loan is not required until the last borrower on title moves, sells the property or becomes deceased*.
• Tax-free money. Currently the Internal Revenue Service treats monies received from a reverse mortgage as loan advances and not taxable income; however, you should consult your professional tax advisor for any affect on taxes or other possible benefits.
• Freedom and flexibility. The money you get from a reverse mortgage is yours to use in almost any way you choose. These are just a few of the many advantages that a Reverse Mortgage in the Louisville / Kentuckiana area can offer seniors… if you have any other questions, feel free to call or email me at the number below and I will be happy to help in any way that I can.

About Author

Nathan Soliday has been part of over $30,000,000 in real estate and mortgage transactions over the past several years. Keep up with Nathan at http://www.LouisvilleReverseMortgage.org and www.LoansWithNate.com

Sincerely,
Nathan Soliday
Louisville Reverse Mortgage Consultant
First Liberty Financial
NMLS#166402
nathan.soliday@firstliberty.net
877-479-2478
502-779-3061

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