"The Alternative"  Reverse Mortgage ....

A Line of Credit that mimicks a Reverse Mortgage

"The Alternative" is the best option for anyone of any age - meaning you may be over OR under age 55 - who wants more funds being 'payment free' at a lower interest rate than a traditional reverse mortgage. This product has more flexibility with pre-payment penalties because it is a specialized line of credit or Canadian mortgage that allows up to 50% of the appraised value without the need for you to make monthly mortgage payments. Send in the form above and we contact you for a FREE mortgage consultation.  

Quick Facts:

PROS: You get more money! You can be any age to get one! The interest rate in "The Alternative" is less than a traditional reverse mortgage in the first 4 years; at which time the traditional reverse mortgage will most likely match rates. Very low set-up costs - less than any other product in the marketplace. You can use your account for your day to day banking needs. You can make no payments or partial payments anytime you wish.

CONS: To qualify you must have average to good credit, and have an income that justifies the size of mortgage you are requesting.The maximum loan you can have before payments are required is 50% of your property's value. For any loan amount under 50% of appraised value there will be NO monthly mortgage loan repayments necessary. It is not a traditional reverse mortgage and so the loan will be reviewed over time to see if payments are necessary (you are at 50% or higher).

Call Gregory Stanley Today

1 866 658-0492

Making the Decision - History of Reverse Mortgages - How to use the Money