Phoenix Mortgage Company's Reverse Mortgage Plans

• A Future With Peace of Mind - What are Reverse Mortgages, Who is Qualified

• Your Retirement Nest Egg - Using Your Equity & Other Facts About Reverse Mortgages

A Future With Peace of Mind
Phoenix Mortgage Reverse Mortgage Programs

Many homeowners do not realize that they are living in their retirement nest egg.
That's right - your home is your retirement nest egg. The Reverse Mortgage gives you the ability to unlock the equity in your home. The value of your home has grown over the years since you purchased it. You have earned this equity as a homeowner.

The Reverse Mortgage Holds tremendous potential by raising standards of living and helping with medical costs.

WHAT IS A REVERSE MORTGAGE?

* Loan against the equity in your home.
* Tax-free cash advances
* No monthly repayment
* No income/credit requirements

WHAT ARE THE BENEFITS?

* Continue to live in and own your home
* Collect monthly income
* Establish a credit line
* Independence and financial dignity

WHO IS QUALIFIED?

* Homeowners over 61
* Primary residence only
* Single family unit

DO YOU NEED A REVERSE MORTGAGE?

In order to determine if the Reverse Mortgage is an option you should consider, ask yourself these questions.

• Is my income covering all my expenses?
• Will my income in the future cover my expenses?
• Do I have enough set aside to cover unexpected expenses such as replacement of roof or major appliance or medical costs not covered by insurance?

If you answered No to one or more of these questions, the Reverse Mortgage may be your answer.
Call today for free consultation and information.

For Information on Reverse Mortgage Options
or  other mortgage opportunities
Contact  Fidelity Bond & Mortgage Co. / Phoenix Mortgage Co
  215-542-4200

Only by becoming better informed can you make proper decisions on how to maintain your independence.

The Phoenix Reverse Mortgage is one more option.

YOUR RETIREMENT NEST EGG

PHOENIX MORTGAGE COMPANY'S REVERSE MORTGAGE PROGRAMS

Did you know that you have something you didn't know you had?
Your home, your most important financial resource, can be used as a nest egg during your retirement.

The Reverse Mortgage makes it possible for you to tap into that equity in your home. How you receive your equity is specifically tailored to your needs. There are several options available to you.

Line Of Credit - You draw upon the principal limit of cash available.

Monthly Income - You receive equal monthly payments for as long as you occupy the home.

It is possible to combine the options and receive cash, too!

What are the advantages of Line of Credit or lump sum?

* Home repairs
* Major purchases (i.e. car)
* Property taxes
* Medical bills
* Eliminate current debt
* Long-term care ins premium
* Cash gifts for children & grandchildren
* Avoid impending foreclosure
* Free up capital for investments
* "NEST EGG" to draw on for late-in-life dreams

What are the advantages of Monthly Income?

* Small home repairs
* Relieve crunch of monthly bills
* Fight against the rising cost of living
* Low-level health care costs
* Recreation and entertainment
* In-home health care

Who is qualified for a Reverse Mortgage?

• Homeowners over 61
• Primary residence only
• Single family home

What other facts should I know?

• Repayment not due until you vacate home
• No income or credit qualifications
• Will not affect Social Security income or Medicare
• Cash advances are tax-free
• FHA and FNMA offer the Reverse Mortgage
• 1-800-427-0800

Call our number and ask for the Reverse Mortgage Dept.

• Free information is available for you as well as free and private consultation.
• See how you can benefit from your nest egg.

  Fidelity Bond & Mortgage Co.
  and
  Phoenix Mortgage Company
  1075 Virginia Drive, Ft. Washington, PA 19034
  215-542-4200

   

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