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Buy Like Rent / Over The Age 62 Call Me To Stop Making Payments

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Posted By:
Michael Selby
Posting ID:
4093o0613
Location:
Baltimore
Telephone:
1-800-496-0235 EXT 1546
Tags:
 for   rent   own   buy   home   house   apartment   townhouse   mortgage   loan   rental 
Listing Type:Single Family Foreclosure

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DO NOT RENT BUY!!!!!!!!!!!!!!!!!!!!!!!!!
As a renter, your monthly payments are simply given to your landlord.
But as a homeowner, your monthly mortgage payments can be used for
tax deductions while you’re building equity! That means you can pay less
tax AND take advantage of any increases in your property’s value. That’s
something no rental unit can offer.
Think you can’t afford to own a home?
Think again. It’s a buyer’s market and thanks to today’s low interest rates
and a number of first-time homeowner programs, you may be able to buy
a home for the same monthly payment you’re making now. You may even
Qualify for a low- or no-down payment loan to minimize your upfront
costs.
Worried about your credit record?
We specialize in helping people with less than perfect credit. With over
100 loan products to choose from, Tenacity Mortgage offers a variety of
programs for people with all types of credit histories and financial needs.
Call Tenacity Mortgage today
Tenacity Mortgage is a company dedicated to customer service and
helping you become a homeowner. Our mortgage specialists will evaluate
your current financial situation and provide more information about your
purchase options.

What is a reverse Mortgage?
A reverse mortgage is a government sponsored loan program for senior citizens who are age 62 years or older. With a reverse mortgage, a senior is able to bor¬row against the equity of the home without having to pay back the money for as long as he/she lives in the home.
The only requirement is, that the senior continues living in the home, maintain the property taxes and the home owner’s insurance coverage.
The reverse mortgage programs we offer at Tenacity Mortgage, are Federal Housing Administration (FHA) programs, insured by the US Government and are heavily regulated by the Department of Housing and Urban Development (HUD), for your protection.
One of your concerns might be that there will be no equity left in the home once you open a reverse mortgage, but with a Government Insured Reverse Mortgage, the senior is able to borrow only a portion of the equity of the home to pay off the current mort¬gage (if there is one) and get cash out. So there should be plenty of equity left in the home after the loan is settled.

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