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Attention Attorneys
As an elder law attorney, you are called upon to counsel your clients on a range of complex legal and financial issues. We are pleased to extend you access to an essential financial tool that is quickly growing in popularity by senior homeowners.
Today’s senior adults are faced with mounting financial challenges. At the same time, they hold a significant amount of untapped home equity, especially in light of historic levels of appreciation. Turning home equity into cash is a viable option for solving housing and long term care issues, estate planning, and asset protection.
Alliance Guaranty Mortgage is committed to helping seniors enjoy a secure retirement and maintain their financial independence with a reverse mortgage. The reverse mortgage enables homeowners 62 and older to turn a portion of their home’s equity into tax-free funds to be used for any purpose. Seniors continue to hold title and enjoy all the same home ownership rights with no repayment for as long as they live in their home.
The reverse mortgage offers the flexibility to structure cash advances to meet your senior clients needs: monthly advances, lump sum, line-of-credit, or a combination. Since the reverse mortgage is a non-recourse mortgage, there is no obligation to the borrower or their heirs for repayment. Additionally, there is no credit or income requirements to qualify.
Please give us a call at 303-785-2800 so we may set-up an appointment when it is convenient for us to discuss all the benefits a reverse mortgage may provide to your senior clients.
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