NEW PRODUCT ANNOUNCEMENT
REVERSE MORTGAGES

Overview
Select Mortgage Corporation is dedicated to helping SENIOR CITIZENS improve the quality of their lives. Select now offers Government sponsored & insured REVERSE MORTGAGES. A REVERSE MORTGAGE allows Seniors to convert home equity into unrestricted use of cash! Seniors can reduce or eliminate concerns about outliving retirement resources.

Select Mortgage does NOT go on the title or deed—you maintain complete ownership. The closing costs are taken from the loan proceeds and not paid out in cash from your pocket.



Benefits of Reverse Mortgage

  • Income payments from a Reverse Mortgage are tax advantaged.

  • There is NO repayment for life of the loan (as long as the Senior lives in their home).

  • The deed stays in Senior’s name.

  • Easy qualifying and no medical qualifications

  • A Reverse Mortgage is a non-recourse loan.

  • Additional income provides security, financial independence & improved quality of life.

Qualifying

  • Borrower must be 62 or over

  • Must own and live in the primary residence

  • Existing liens on the primary residence must be paid off with the loan proceeds.

The Reverse Mortgage allows Seniors to reap the benefits of the equity in their homes.
Payouts can be structured in a variety of ways to best suit the Senior’s needs. Monthly income, lump sums, lines of credit or a combination thereof, are available.

Click here to contact SELECT for more information & 
FREE Reverse Mortgage CONSULTATION

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