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Retire With Income,
and secure your home!
Secure Income For Life
A reverse mortgage loan in New Mexico can provide you tax-free income for life. It is secure, safe and you will be protected. Give us a call.
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About Reverse Mortgages
It is funny to think that you can get a monthly check to live in your New Mexico home. The equity you have built up in the home is the basis for your monthly payment. Even if your total received payments one day become large than the equity position that exists in the home, you will still receive your payment and be allowed to live in the home. New Mexico and the federal government put that risk on the lender not you. The income is tax-free as well; unlike your social security.
Consumer Safeguards
It is important to understand that any senior who purchases a reverse mortgage loan is protected by both the state of New Mexico and the federal government. The homeowner never loses the rights to the home and may live in the home for as long as they want. The HECM loan product is protected by the federal government. There are several steps in the process to make sure that the New Mexico homeowner is well educated and aware of the benefits and disadvantages before they begin the loan process.
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30 yr fixed5.74%5.72%
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5 / 1 ARM5.19%5.31%
30 yr fixed jumbo6.95%7.04%
5 / 1 jumbo ARM6.17%6.19%
-- RML TV --
Posted:
Fri, 09 May 2008

Title:
Understanding Reverse Mortgage Loan Fees
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