TheShawnShow

(714) 271-8524 🔥🔥🔥Need Business Funding or a Revolving Business Line of Credit, Apply Securely Here: https://davidallencapital.com/line-of-credit/102701061 🔥🔥🔥ERTC Help; http://davidallencapital.com/taxcredit/102701061 🔥🔥🔥Business Capital: https://davidallencapital.com/business-capital/102701061 🔥🔥🔥Asset Backed Finance (commercial loans, commercial real estate cash out, etc) https://davidallencapital.com/asset-backed/102701061 🔥🔥🔥Equipment Financing (good - decent credit) https://davidallencapital.com/equipment-financing/102701061 🔥🔥Equipment Financing (really poor credit): (714) 271-8524 Info@TheBroker.Finance https://thebroker.finance/heavy-equipment-financing-with-bad-credit In this video I talk about Basic Qualifications for A Business Line Of Credit | Working Capital & Business Line of Credit www.ReverseMortgageLoanAdvisors.com and Reversed TV Is not a lender, bank, or mortgage broker, nor is it affiliated with HUD or FHA. Reverse Mortgage Loan Advisors is simply a website designed to offer information about the FHA insured reverse mortgage program. However, the owner of the site is licensed as a reverse mortgage specialist in several states. Anyone that inquires and requests more information may be contacted by the owner of this site. If the owner of this site is not licensed to conduct business in the state you reside, one of our affiliates will contact you instead.

🔥🔥🔥For more info about heavy equipment & dumptruck financing with bad credit: Email -- Info@TheBroker.Finance or (714) 271-8524 🔥🔥🔥Need Revenue Based Business Funding, Apply Securely Here: https://davidallencapital.com/business-capital/102701061 🔥🔥🔥ERTC Help; http://davidallencapital.com/taxcredit/102701061 🔥🔥🔥Business Line of Credit: https://davidallencapital.com/line-of-credit/102701061 In this video, I talk about 2 ways to finance a dump truck with really bad credit or really low credit scores. 🔥🔥Get Your Free Reverse Mortgage Info Kit at: (714) 271-8524 Info@ReverseMortgageLoanAdvisors.com https://reversemortgageloanadvisors.com/free-reverse-mortgage-information-kit/ www.ReverseMortgageLoanAdvisors.com, TheBroker.Finance, Reversed TV, & TheShawnShow are not a lender, bank, or mortgage broker, nor are they affiliated with HUD or FHA. We are simply a website designed to offer information about the FHA insured reverse mortgage program, business financing, business opportunities, Solar, Real Estate, and more. However, the owner of the site is licensed as a reverse mortgage specialist in several states. Anyone that inquires and requests more information may be contacted by the owner of this site. If the owner of this site is not licensed to conduct business in the state you reside, one of our affiliates will contact you instead.

🔥🔥For more info about VA loans or any other type of loans, connect with me at: Shawn@TheBroker.Finance or (714) 271-8524 In this video I talk about the max loan amount for VA loans in 2023. Info@ReverseMortgageLoanAdvisors.com https://reversemortgageloanadvisors.com/free-reverse-mortgage-information-kit/ www.ReverseMortgageLoanAdvisors.com, TheBroker.Finance, Reversed TV and TheShawnShow Is not a lender, bank, or mortgage broker, nor is it affiliated with HUD or FHA. Reverse Mortgage Loan Advisors is simply a website designed to offer information about the FHA insured reverse mortgage program. However, the owner of the site is licensed as a reverse mortgage specialist in several states. Anyone that inquires and requests more information may be contacted by the owner of this site. If the owner of this site is not licensed to conduct business in the state you reside, one of our affiliates will contact you instead.

🔥🔥🔥For more info about heavy equipment financing with really low credit scores: Email -- Info@TheBroker.Finance or (714) 271-8524 🔥🔥🔥Need Revenue Business Funding, Apply Securely Here: https://davidallencapital.com/business-capital/102701061 🔥🔥🔥ERTC Help; http://davidallencapital.com/taxcredit/102701061 🔥🔥🔥Business Line of Credit: https://davidallencapital.com/line-of-credit/102701061 In this video, I talk about 2 ways to finance heavy equipment with really low credit scores. 🔥🔥Get Your Free Reverse Mortgage Info Kit at: (714) 271-8524 Info@ReverseMortgageLoanAdvisors.com https://reversemortgageloanadvisors.com/free-reverse-mortgage-information-kit/ www.ReverseMortgageLoanAdvisors.com, TheShawnShow, and Reversed TV Is not a lender, bank, or mortgage broker, nor is it affiliated with HUD or FHA. Reverse Mortgage Loan Advisors is simply a website designed to offer information about the FHA insured reverse mortgage program. However, the owner of the site is licensed as a reverse mortgage specialist in several states. Anyone that inquires and requests more information may be contacted by the owner of this site. If the owner of this site is not licensed to conduct business in the state you reside, one of our affiliates will contact you instead.

🔥🔥🔥Need Business Funding, Apply Securely Here: https://davidallencapital.com/business-capital/102701061 🔥🔥🔥ERTC Help; http://davidallencapital.com/taxcredit/102701061 🔥🔥🔥Business Line of Credit: https://davidallencapital.com/line-of-credit/102701061 🔥🔥Get Your Free Reverse Mortgage Info Kit at: (714) 271-8524 Info@ReverseMortgageLoanAdvisors.com https://reversemortgageloanadvisors.com/free-reverse-mortgage-information-kit/ www.ReverseMortgageLoanAdvisors.com and Reversed TV Is not a lender, bank, or mortgage broker, nor is it affiliated with HUD or FHA. Reverse Mortgage Loan Advisors is simply a website designed to offer information about the FHA insured reverse mortgage program. However, the owner of the site is licensed as a reverse mortgage specialist in several states. Anyone that inquires and requests more information may be contacted by the owner of this site. If the owner of this site is not licensed to conduct business in the state you reside, one of our affiliates will contact you instead.

🔥🔥🔥Need Business Funding, Apply Securely Here: https://davidallencapital.com/business-capital/102701061 🔥🔥🔥ERTC Help; http://davidallencapital.com/taxcredit/102701061 🔥🔥🔥Business Line of Credit: https://davidallencapital.com/line-of-credit/102701061 🔥🔥Get Your Free Reverse Mortgage Info Kit at: (714) 271-8524 Info@ReverseMortgageLoanAdvisors.com https://reversemortgageloanadvisors.com/free-reverse-mortgage-information-kit/ In this Shorts video I talk about unsecured working capital. Many times the banks want perfect credit, 2, 3, or 5+ years in business, & perfect bank statements. They really only want to lend to about 20% o the businesses out there. But what about the other 80%? They're still good businesses, right.!? There are other options. If you have a credit score of 450 or 550 or higher and been in business for 4 or 6 months or longer and have revenue or sales for the last 3 months, then you might be able to get some working capital. #WorkingCapital #UnsecuredWorkingCapital #UnsecuredLoansForBusiness www.ReverseMortgageLoanAdvisors.com and Reversed TV Is not a lender, bank, or mortgage broker, nor is it affiliated with HUD or FHA. Reverse Mortgage Loan Advisors is simply a website designed to offer information about the FHA insured reverse mortgage program. However, the owner of the site is licensed as a reverse mortgage specialist in several states. Anyone that inquires and requests more information may be contacted by the owner of this site. If the owner of this site is not licensed to conduct business in the state you reside, one of our affiliates will contact you instead.

🔥🔥🔥ERTC Help; http://davidallencapital.com/taxcredit/102701061 🔥🔥🔥Need Business Funding, Apply Securely Here: https://davidallencapital.com/business-capital/102701061 🔥🔥Get Your Free Reverse Mortgage Info Kit at: (714) 271-8524 Info@ReverseMortgageLoanAdvisors.com https://reversemortgageloanadvisors.com/free-reverse-mortgage-information-kit/ In this video I talk about the ERTC / employee retention tax credit / ERC / employee retention credit and PPP. www.ReverseMortgageLoanAdvisors.com and Reversed TV Is not a lender, bank, or mortgage broker, nor is it affiliated with HUD or FHA. Reverse Mortgage Loan Advisors is simply a website designed to offer information about the FHA insured reverse mortgage program. However, the owner of the site is licensed as a reverse mortgage specialist in several states. Anyone that inquires and requests more information may be contacted by the owner of this site. If the owner of this site is not licensed to conduct business in the state you reside, one of our affiliates will contact you instead.

🔥🔥🔥Need Business Funding, Apply Securely Here: https://davidallencapital.com/business-capital/102701061 🔥🔥🔥ERTC Help; http://davidallencapital.com/taxcredit/102701061 🔥🔥🔥Business Line of Credit: https://davidallencapital.com/line-of-credit/102701061 🔥🔥Get Your Free Reverse Mortgage Info Kit at: (714) 271-8524 Info@ReverseMortgageLoanAdvisors.com https://reversemortgageloanadvisors.com/free-reverse-mortgage-information-kit/ In this video I talk about minimum credit score requirement for business funding. www.ReverseMortgageLoanAdvisors.com and Reversed TV Is not a lender, bank, or mortgage broker, nor is it affiliated with HUD or FHA. Reverse Mortgage Loan Advisors is simply a website designed to offer information about the FHA insured reverse mortgage program. However, the owner of the site is licensed as a reverse mortgage specialist in several states. Anyone that inquires and requests more information may be contacted by the owner of this site. If the owner of this site is not licensed to conduct business in the state you reside, one of our affiliates will contact you instead.

🔥🔥🔥ERTC Help; http://davidallencapital.com/taxcredit/102701061 🔥🔥🔥Need Business Funding, Apply Securely Here: https://davidallencapital.com/business-capital/102701061 🔥🔥Get Your Free Reverse Mortgage Info Kit at: (714) 271-8524 Info@ReverseMortgageLoanAdvisors.com https://reversemortgageloanadvisors.com/free-reverse-mortgage-information-kit/ Video Transcript: Hey there, thanks for stoppin' by the channel. My name is Shawn and this is the Shawn Show. Today I'll be talking about the Employee Retention Credit (ERC, ERTC, and Employee Retention Tax Credit). More specifically, if you're looking to get it, the way you should go about doing it vs what you definitely DON'T want to do. With that said, let's just dive in. A quick disclaimer. I'm not a CPA. However, I am an independent agent for David Allen Capital (DAC for short). DAC specializes in getting funding for businesses (business funding), particularly for businesses that the big banks just don't want to help. Frankly, that's about 80% of the businesses out there. So, the CEO of DAC, thought, "you know what, we should partner with someone that really specializes in getting the ERC because A) if you try to go-it alone you could potentially miss out on some fund. You could potentially get money you're not really entitled to....land it's very complex and it's been ever changing compared to when it first started vs right now (November 2022). Now, what is the employee retention credit? It is a credit that business owners can potentially get if they have w2 employees that they kept on or they kept a portion of them on during the 2020 and 2021 COVID pandemic. You can get up to $26,000 per employee that you kept on. And there's really just 3 basic things that need to happen (actually, one of the following three things) for you to potentially be eligible: 1. If you had a reduction in revenue because of the pandemic 2. If your business was impacted by a government mandate 3. If you started your business after Feb. 15, 2020 (don't quote me, might be 2019). If any of these 3 apply, you MAY be eligible for ERC/ERTC / Employee Retention Credit / Employee Retention Tax Credit. There are alot of firms out there that can help you get the ERC. Some are great. Some are not. What you want to do: 1. You should hire someone to help you (a specialist). For example, DAC partnered with this particular firm that ended up getting $1,400,000 (legitimately) for a company that was perviously told "no" by their CPA. Now, it could mean that this CPA just didn't specialize in this...just was unaware of it.....or just didn't have the insight that this particular firm has because they specialize in it. They've done thousands of them so far. It could be because of changes in the rules. For example, in the beginning, you could not get an ERC if you took a PPP loan. Well, that's not the case anymore so if you got a PPP loan you were previously told you could not get an ERC. Now if you did get a PPP loan, you can MAYBE get an ERC / ERTC. 2. These laws are complex, so you definitely want to use a professional, BUT what you DO NOT WANT to do is (you don't want to do it on your own, we already talked about that) you DO NOT WANT to do is PAY ANY up front fees....because there are alot of companies out there that DO specialize in the ERC, but many are asking for money up front. You do NOT want to do that because there's no guaranties. Now, the company that DAC partnered with specializes in this, and again, they've done thousands of them, BUT they do not take an up front fee. Of course they have a fee for their services and more than likely they will get more money legitimately than you would if you did it on your own. You just don't want to pay an up front retainer. Work with a company like who we (DAC) partnered with that will get you the money and not accept money from you until you actually have something in hand. That's about it for now. I'm going to go ahead and sign out. I wish you a great day, a great night, and a great weekend ahead. Please drop a quick like and subscribe. If you want to check out the firm DAC partnered with, there's a link in the description below. #ertcHelp #ErcHelp #EmployeeRetentionCredit www.ReverseMortgageLoanAdvisors.com and Reversed TV Is not a lender, bank, or mortgage broker, nor is it affiliated with HUD or FHA. Reverse Mortgage Loan Advisors is simply a website designed to offer information about the FHA insured reverse mortgage program. However, the owner of the site is licensed as a reverse mortgage specialist in several states. Anyone that inquires and requests more information may be contacted by the owner of this site. If the owner of this site is not licensed to conduct business in the state you reside, one of our affiliates will contact you instead.

🔥🔥Get Your Free Reverse Mortgage Info Kit at: (714) 271-8524 Info@ReverseMortgageLoanAdvisors.com https://reversemortgageloanadvisors.com/free-reverse-mortgage-information-kit/ 🔥🔥Need working capital for your business: https://BusinessCapital.biz Need Help with ERTC (Employee Retention Credit)(no up front fees): 🔥🔥https://davidallencapital.com/taxcredit/102701061 In this video, MiMi (I call her Granny to get under her skin) is begging for affection from our toddler grandson. He gets a little love and hate all at once. Too funny / cute when he gives her a kiss on the cheek and then proceeds to smack the same cheek. #Shorts #granny #smackdown www.ReverseMortgageLoanAdvisors.com and Reversed TV Is not a lender, bank, or mortgage broker, nor is it affiliated with HUD or FHA. Reverse Mortgage Loan Advisors is simply a website designed to offer information about the FHA insured reverse mortgage program. However, the owner of the site is licensed as a reverse mortgage specialist in several states. Anyone that inquires and requests more information may be contacted by the owner of this site. If the owner of this site is not licensed to conduct business in the state you reside, one of our affiliates will contact you instead.

Are Reverse Mortgages Safe? 🔥🔥Get Your Free Reverse Mortgage Info Kit at: (714) 271-8524 Info@ReverseMortgageLoanAdvisors.com https://reversemortgageloanadvisors.com/free-reverse-mortgage-information-kit/ Video transcript: Hey there, my name is Shawn and this IS ReversedTV. Today I'll be talking about reverse mortgage. Specifically tackling the question, "are reverse mortgages safe?". With that said, let's just go ahead and dive in. There's basically two types of reverse mortgages. The one that's done most of the time in most cases (probably 90-95% of the time) is the FHA or HUD insured Home Equity Conversion Mortgage also more commonly known as a reverse mortgage. Alot of people think that these loans are not safe or that they are bad, or they're scams, or whatever. And, that's just not the case. Since 1988 during the Reagan administration, they've (reverse mortgages) been insured by HUD. They were much different before that, but since then they've been insured by FHA and they're very safe. They've evolved a little bit. There were a couple of things that weren't the best about these reverse mortgages. Back in the day a long time ago they used to be equity sharing programs. That's not the case anymore. When you do a reverse mortgage, you own the house just like you do with a regular mortgage, but you have a loan on the house that would have to be paid off if you sell the house or when your heirs inherit the house. Um, in fact, one of the requirements with a reverse mortgage is that you understand HOW it works and so in addition to speaking with a loan officer (who obviously gets paid and makes a commission when you do a loan with them), but you're also required to do counseling with a HUD approved counselor before you can actually get the process started. And then, In California, you actually have to wait 1 week before you can officially start the process by ordering an appraisal and things like that. So, these loans are very safe. you can still leave the house to whoever you want. You still own the home. The main thing is you just don't have to make a monthly payment for as long as you live or for as long as you live in your home. It's a great way to help you age in place if that's what your heart desires. If you want to live in the home you're in now til' the day you die, it can be a perfect solution for alot of people. I hope that answered your question in terms of "are reverse mortgages safe?". I'd love to hear from you if you want to get information about a reverse mortgage. My contact info is in the description below. Please just drop a like and subscribe. Take care. Enjoy your day. www.ReverseMortgageLoanAdvisors.com and Reversed TV Is not a lender, bank, or mortgage broker, nor is it affiliated with HUD or FHA. Reverse Mortgage Loan Advisors is simply a website designed to offer information about the FHA insured reverse mortgage program. However, the owner of the site is licensed as a reverse mortgage specialist in several states. Anyone that inquires and requests more information may be contacted by the owner of this site. If the owner of this site is not licensed to conduct business in the state you reside, one of our affiliates will contact you instead. 🔥🔥Get Your Free Reverse Mortgage Info Kit at: (714) 271-8524 Info@ReverseMortgageLoanAdvisors.com https://reversemortgageloanadvisors.com/free-reverse-mortgage-information-kit/

Who Qualifies for Reverse Mortgage? | HECM Reverse Mortgage Basics 🔥🔥Get Your Free Reverse Mortgage Info Kit at: (714) 271-8524 Info@ReverseMortgageLoanAdvisors.com https://reversemortgageloanadvisors.com/free-reverse-mortgage-information-kit/ In this video I talk about the question / subject, "Who Qualifies for Reverse Mortgage?". Video Transcript: Hey there, thanks for stopping by the channel. My name is Shawn and this is Reversed TV. I'll be talking about reverse mortgage today (obviously), but more specifically I'll be talking about who qualifies for reverse mortgage. With that said, let's dive in. There are two basic qualifications for reverse mortgage. Obviously, there are more and I'm not gonna bore you by reading you a 360 page guideline manual. So, the very first qualification in terms of who qualifies for a reverse mortgage is, there's an age requirement. Uh, you have to be either age 62 or age 55 or older to qualify for a reverse mortgage. The FHA reverse mortgage point of entry is age 62 and up. And, there are proprietary reverse mortgages where the point of entry is age 55 and up. Do note that this program is not available in every single state, but they are available in a majority of the states. The second qualification is that there is an equity requirement. So, with the FHA reverse mortgage you can borrow roughly 36 to 40% of your home value at age 62 and it just increases a little bit with every passing year until you get into your nineties and then you qualify to get around 68 to 74% of the value of your home. Uh, it's worth noting that for the FHA reverse mortgage this does change every single week on Tuesday and it's dependent on interest rates. As interest rates drop, you actually get to borrow more and as interest rates raise (rise rather), you can borrow a little less. In fact, at one point in time when interest rates were at all time lows, you could borrow about 52% at age 62. Those days are gone now probably since 2018 that all changed and the program has been roughly what I'm discussing with you right now. With the proprietary reverse mortgage, you can borrow on a sliding scale ABOUT 32% all the way up to about 60%. And, that's not as interest rate driven as the FHA reverse mortgage (meaning it doesn't change every single week). But, it does change periodically and it is just dependent on what's going on in the secondary market and all that boring sort of stuff. I hope that helped answer your question. With that said, please drop a "like" and subscribe. Take care. Have a great day. Have a great evening and enjoy the weekend ahead. 🔥🔥Get Your Free Reverse Mortgage Info Kit at: (714) 271-8524 Info@ReverseMortgageLoanAdvisors.com https://reversemortgageloanadvisors.com/free-reverse-mortgage-information-kit/ www.ReverseMortgageLoanAdvisors.com and Reversed TV Is not a lender, bank, or mortgage broker, nor is it affiliated with HUD or FHA. Reverse Mortgage Loan Advisors is simply a website designed to offer information about the FHA insured reverse mortgage program. However, the owner of the site is licensed as a reverse mortgage specialist in several states. Anyone that inquires and requests more information may be contacted by the owner of this site. If the owner of this site is not licensed to conduct business in the state you reside, one of our affiliates will contact you instead.

Can a Reverse Mortgage Be Foreclosed | HECM Reverse Mortgage Info 🔥🔥Get Your Free Reverse Mortgage Info Kit at: (714) 271-8524 Info@ReverseMortgageLoanAdvisors.com https://reversemortgageloanadvisors.com/free-reverse-mortgage-information-kit/ In this video I talk about the question / subject, "Can a Reverse Mortgage Be Foreclosed?". Video Transcript: 0:00 - Hey there thanks for stopping by the channel. 0:03 – My name is Shawn and this is ReversedTV. 0:07 – Today I’ll be talking about a question that gets asked periodically. 0:12 – and that is, “can a reverse mortgage be foreclosed?”. 0:16 – The simple, quick answer is “yes”. 0:19 – And I’m just gonna explain a little bit futher. 0:21 – So with that said, let’s just dive in. 0:24 – So a reverse mortgage is just a loan like any other, alright. 0:28 – The main difference is there’s an age requirement. 0:30 – An Equity requirement, 0:32 – And you don’t have to make a payment for as long as you live for as long as you live in your house. 0:36 – So, with respect to that, it’s a very, very safe loan. 0:40 – You Don’t have to make a monthly mortgage payment 0:42 – so you don’t have to worry about the bank foreclosing 0:44 – because you can’t make the mortgage payment due to some unforeseen circumstances 0:50 – or anything like that. 0:52 - However, every loan has borrower responsibilities 0:55 – whether it be an FHA loan, VA loan, USDA or a reverse mortgage 1:00 – (which could be FHA or a proprietary reverse mortgage). 1:04 – So, some of the most prominent responsibilities are: 1:09 – you have to maintain taxes and insurance. 1:12 – So, if you don’t maintain insurance (with the home being the collateral) 1:19 – They wanna (referring to lender/servicer) make sure the collateral is safe and secure 1:23 – and that if something happens to it, um, it can be replaced. 1:28 – So, if you don’t maintain insurance, they will ask you do to so 1:32 – but then they’ll put forced place insurance on it (if you don’t get insurance on your own). 1:36 – Uh, if you don’t pay that then they might do some sort of foreclosure action. 1:40 – but the biggest one is property taxes. 1:44 – You still own the house, so you’re expected to maintain property taxes just like if you owned the house free and clear. 1:50 – Or, just like if you have a regular loan. 1:54 – and if you fail to do so, then of course you could see some sort of foreclosure action. 1:59 – but, realistically, it’s gonna be due to the taxes etc. 2:04 – The beautiful thing about a reverse mortgage is it’s (in terms of safety from foreclosure) 2:11 – probably one of the safest loans where you don’t have to worry about foreclosure. 2:16 – because you don’t have to make a big monthly mortgage payment. 2:19 – you don’t have to make a payment at all 2:21 – and really the main responsibilities are just maintaining taxes and insurance. 2:27 – If you have any questions about reverse mortgage, 2:29 – I’d love to hear from you. My contact info is 2:32 – down below in the description. 2:34 – Uh, don’t forget to like and subscribe. 2:37 – and again, ask any questions that you might have. 2:40 – Take care. Enjoy the rest of your day, 2:42 – Enjoy the evening, enjoy your weekend. www.ReverseMortgageLoanAdvisors.com and Reversed TV Is not a lender, bank, or mortgage broker, nor is it affiliated with HUD or FHA. Reverse Mortgage Loan Advisors is simply a website designed to offer information about the FHA insured reverse mortgage program. However, the owner of the site is licensed as a reverse mortgage specialist in several states. Anyone that inquires and requests more information may be contacted by the owner of this site. If the owner of this site is not licensed to conduct business in the state you reside, one of our affiliates will contact you instead.

Can You Buy A Home With A Reverse Mortgage? | Buying A House With A Reverse Mortgage 🔥🔥Get Your Free Reverse Mortgage Info Kit at: (714) 271-8524 Info@ReverseMortgageLoanAdvisors.com https://reversemortgageloanadvisors.com/free-reverse-mortgage-information-kit/ In this video we talk about Can You Buy A Home With A Reverse Mortgage? | Buying A House With A Reverse Mortgage. Video Transcript: 0:00 – Hey there. Thanks for stopping by Reversed TV. My name is Shawn and today I’ll be talking about Can You Buy A Home With A Reverse Mortgage? 0:13 – The simple answer to that question is “yes”, but I’m going to explain a little further with a couple of real simple examples for you. 0:21 – Ok, as you may or may not know, with a reverse mortgage you don’t have to make any monthly mortgage payments for as long as you live or for as long as you live in your home. 0:31 – Now, the point of entry for a reverse mortgage is either age 50 or 62 depending on whether it’s an FHA reverse mortgage or a proprietary reverse mortgage. 0:40 – Today I’ll be talking about mainly the FHA reverse mortgage and it’s age requirements. So, with that said, the point of entry is age 62 and at age 62 you can borrow roughly 40% of the home value or purchase price. 0:56 – On the other side of the age spectrum, at age 90 or so, you can borrow ROUGHLY about 64% of the purchase price. 1:05 – again, starting at age 62 it just increases a little bit with each passing year in terms of the percentage that you can borrow with a reverse mortgage. 1:18 – So here is a quick example for a 62 year old. Let’s say you’re looking to buy a home for $100,000. We’ll keep the numbers real simple. So, at age 62 you can borrow about $40,000 so you’d need to come to closing with about $60,000 plus any applicable closing costs. 1:38 – Now, what does that get for you? That’s a massive down payment? Why would anyone want to do that? Sometimes people want to down size homes. They think, “we’ll sell this bigger house, then we’ll use the proceeds to pay cash for a house and then we don’t have a monthly mortgage payment. Sounds great, right? But, you gotta get rid of all that cash. 2:00 – So with the reverse mortgage, you get the same ultimate benefit, you don’t have to make a monthly payment for as long as you live or for as long as you live in your home. BUT you don’t have to say “goodbye” with all that cash. 2:15 – So, in this example, you put $60,000 down on a $100,000 purchase price and you don’t have a monthly mortgage payment for as long as you live or for as long as you live in that home. 2:27 – On the other side of the age spectrum you can borrow roughly 65% of the home value at age 90. Again, you buy a house for $100,000 and you can finance $65,000 with a reverse mortgage and NOT have a monthly mortgage payment. So what does that leave? That leaves $35,000 that you have to put down plus any applicable closing costs. And, at the end of the day, what it gets you is that you don’t have to make a monthly mortgage payment for as long as you live or for as long as you live in your home. 3:03 – Again, I want to thank you for stopping by Reversed TV. My name is Shawn, I’d love to hear from you any information about a reverse mortgage or any other loan program. My contact info is down in the description below. I hope you have a wonderful day! Take Care! www.ReverseMortgageLoanAdvisors.com and Reversed TV Is not a lender, bank, or mortgage broker, nor is it affiliated with HUD or FHA. Reverse Mortgage Loan Advisors is simply a website designed to offer information about the FHA insured reverse mortgage program. However, the owner of the site is licensed as a reverse mortgage specialist in several states. Anyone that inquires and requests more information may be contacted by the owner of this site. If the owner of this site is not licensed to conduct business in the state you reside, one of our affiliates will contact you instead.

🔥🔥Get Your Free Reverse Mortgage Info Kit at: (714) 271-8524 Info@ReverseMortgageLoanAdvisors.com https://reversemortgageloanadvisors.com/free-reverse-mortgage-information-kit/ In this video we answer the question Does a Reverse Mortgage Show up On Your Credit Report? The simple answer is "no" a reverse mortgage does NOT show up on your credit report. Reverse mortgages do not have a payment. Hence, it does not show on your credit report. 🔥🔥 Just $27.00. Earn $1300 / Day in Affiliate Sales on Bing https://tinyurl.com/Aversity 🔥🔥🔥🔥Learn to Make Money on YouTube: https://bit.ly/2ZaayTk​ 🔥🔥🔥🔥LEARN TO MAKE MONEY ONLINE: https://bit.ly/3bG4Lb1​ 🔴CREDIT ISSUES? You can check out the best credit repair software of 2020 here: https://bit.ly/DiyCreditRepair 🔴If you prefer to use a professional service, this one is very good: https://bit.ly/SLVCreditPros Free Info Kit at: https://tinyurl.com/FreeInfoKt www.ReverseMortgageLoanAdvisors.com and Reversed TV Is not a lender, bank, or mortgage broker, nor is it affiliated with HUD or FHA. Reverse Mortgage Loan Advisors is simply a website designed to offer information about the FHA insured reverse mortgage program. However, the owner of the site is licensed as a reverse mortgage specialist in several states. Anyone that inquires and requests more information may be contacted by the owner of this site. If the owner of this site is not licensed to conduct business in the state you reside, one of our affiliates will contact you instead.