Your Home Town Reverse Mortgage Team
Jack and Tana Tenold
Jack and his wife Tana met in high school. He is the licensed mortgage originator who can answer all of your questions. Tana is the office manager who keeps everything running smoothly! Tana says “Jack will always give you an honest answer”!
Feel free to give Jack a call or complete the Complimentary Quote Package you see on the right side of your screen. There is no cost or obligation.
What will a reverse mortgage do for me?
There’s no place like home for the vast majority of our aging population and fortunately a mortgage was developed exclusively for homeowners over 62. There is no other loan that will provide you with money and tell you not to bother paying it back until you leave your home permanently.
A reverse Mortgage allows you the opportunity to
Purchase a new home or stay in your current home.
Eliminate monthly mortgage payments.
Pay off debt.
Replace expenses with additional income.
Spend your money however you want.
No matter how long you keep the loan, you can’t owe more than your home is worth. It is a non-recourse loan.
There are no restrictions on how you use your money, for example: in-home health care, visit family, live more comfortably, make the home more “senior-friendly”, housekeeping, yard maintenance – you get the idea.
If a line of credit (“LOC”) is available, the line of credit continues to grow in size! You can treat the LOC like any line from any bank; that is, you can put money into the account to reduce the loan amount and thereby increase the LOC, and you can take funds out if and when needed.
What’s the catch? You must maintain your home and pay your property taxes, homeowners insurance, and HOA dues (if any) ….just as you do now.
If you are confused, need questions answered regarding your situation, or just think a reverse mortgage is just too good to be true, please call and I will be happy to provide you with accurate information. What will a reverse mortgage do for you? Let’s find out!
Please call me at 1-800-617-3105 or complete the Complimentary Quote Package you see on the right side of your screen. There is no cost or obligation.