The amount of cash you may qualify for depends upon several factors, including your age, where you live and the value of your home. In this case, age works to your advantage. The older you are, the more cash you are eligible to receive! Cash is available to you in a lump sum, line of credit or combination of the two. The following chart shows estimates of cash available based upon your age and the value of your home.
*Cash availability varies depending upon existing equity and outstanding mortgage debt.
Estimates assume your home is paid off and reflect interest rates as of March 14, 2007.
Learn How to Avoid Foreclosure using a government-insured Home Equity Conversion Mortgage.
Join us for a FREE educational seminar on Tuesday, January 8, 2008, at 10 a.m. in the Willis S. Johns Recreation Center, 6635 M.L. King Jr. St. N. (9th St. N), St. Petersburg.
Call 776-5284 for additional information.