Choice Home Mortgage Services
Reverse Mortgages

Recreation
Estate Planning ~
Maintain Your
Lifestyle ~ That's
Freedom With a Reverse Mortgage!

Today the primary use of proceeds from Reverse Mortgages by senior citizens is medical or health related. Next, senior citizens are using Reverse Mortgages to pay off their existing mortgage or other debt, or fixing up their homes. We make it as easy as possible for you to obtain a Reverse Mortgage that's right for you. Please call our office to receive a FREE Brochure or click FREE FACTS BROCHURE below to see if a Reverse Mortgage is suitable as a financial solution for you.

Choice Home Mortgage Services is an unequaled provider of Reverse Mortgages for senior citizens. Our primary mission is to provide a solution for seniors who have identified a financial need. Seniors on Long Island and New York are now taking advantage of the great benefits of having a Reverse Mortgage.

By utilizing Reverse Mortgages, we make it possible for America's senior citizens to continue to own and live in their homes, maintain a lifestyle to which they are entitled or improve upon a plan for their estate. Whether the financial need for the senior citizen is more income or estate planning, one of our Reverse Mortgage programs could be the solution for your needs. Click Free Facts Brochure and we'll mail you a Reverse Mortgages booklet.

WHAT IS A REVERSE MORTGAGE?

A Reverse Mortgage is loan that enables a "senior" homeowner, having attained the age of 62 or older, to convert part of the equity in their home to tax free income without having to give up title or take on a monthly payment.

How do I qualify for a reverse mortgage?
- You must be at least 62 years of age, own, and have equity in your home and it must be your primary residence. There are no income, credit or health requirements to qualify.

How will the income from the Reverse Mortgage affect my taxes, social security or other benefits?
- Proceeds from a Reverse Mortgage are not taxable, it's your money (equity), not taxable income. Nor will your regular Social Security or Medicare be affected. The impact, if any, on other federal, state or local assistance programs should be discussed with your financial advisor or the program sponsor.

How much money can I borrow?
- This depends upon borrower's age, market value and equity in the home and the interest rate at the time you secure the reverse mortgage.

How is my money disbursed to me?
- You can choose to receive fixed monthly payments for as long as the home is your primary residence, a lump sum payment, a line of credit, or any combination of the above.

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