Are You Shopping for a HELOC?
We can help you shop for home equity products and introduce you to a second mortgage option you may not have heard of before.
This second mortgage is a HELOC alternative that gives you access to a portion of your home equity but without a new monthly mortgage payment. *
How it works: HomeSafe Second unlocks a portion of your home equity via a second mortgage. There are no additional monthly mortgage payments* required until you leave your home, stop paying property charges, or do not meet the terms of the loan. The balance of your loan will grow over time. When you leave the home, you or your heirs will be responsible for paying back the loan, which can be settled with the sale of the house but will never amount to more than the home’s value.? Keep in mind that?you will be responsible for keeping your current first mortgage.?
Contact me today to get started to discuss the details.
Bill Krone Reverse Mortgage Specialists??
NMLS # 199750/1506610
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?602-790-4309/602-826-7340 ????????????????????????????????????????
Security National Mortgage Company? MC MLS#3116
10609 North Hayden Rd Suit 100 Scottsdale, Arizona 85260
*The borrower must meet all loan obligations, including meeting all loan obligations under the first lien mortgage, living in the property as the principal residence and paying property charges, including property taxes, fees, hazard insurance. The borrower must maintain the home. If the homeowner does not meet these loan obligations, then the loan will need to be repaid. This is an advertisement. This material is not from HUD or FHA and has not been approved by HUD or a government agency. If you are thinking about debt consolidation, you might want to first consult a non-profit credit counselor. The HomeSafe reverse mortgage is a proprietary product of Finance of America Reverse LLC and is not affiliated with the Home Equity Conversion Mortgage (HECM) program. Not all HomeSafe products are available in every state. Please contact us for a complete list of availability.?This article is intended for general informational and educational purposes only and is subject to change without notice and should not be construed as financial or tax advice. For more information about whether a reverse mortgage may be right for you, you should consult an independent financial advisor. For tax advice, please consult a tax professional.? The loan also becomes due and payable, and the property may be subject to a tax lien, other encumbrance, or foreclosure) when the last borrower, or eligible non-borrowing surviving spouse, dies, sells the home, permanently moves out, defaults on taxes, insurance payments, or maintenance, or does not otherwise comply with the loan terms. Interest is not tax-deductible until the loan is partially or fully repaid. This is not a commitment to lend or extend credit. Security National Mortgage Company NMLS#3116. Security National Mortgage Company home office address 433 Ascension Way, 5th Floor, Salt Lake City, UT 84123. Equal Housing Lender