TAKE A SECOND TO BREATH - Debbie Cooley Mortgage

FHA Loan, Reverse Mortgage, Things every accountant should know

Access Equity with No Additional Monthly Mortgage Payments Required* HomeSafe Second is a new fixed-rate reverse loan that allows you to tap into your home equity via a second mortgage. There is no additional monthly payment requirement and no change to the interest rate on your first mortgage, for example you have a first mortgage at 2.9% you would want to keep and not refinance at today’s higher rates. HomeSafe Second is for people who need to: • Consolidate high-interest credit card debt • Cover rising costs at the pump and the grocery store • Fund long-term care, medical expenses, or emergencies • Pay off an existing 2nd mortgage How it works: You need to be 62 years or older. HomeSafe Second loans you a portion of your home equity via a second mortgage. There are no additional monthly mortgage payments required until you leave your home, stop paying property charges, or do not meet the terms of the loan. Contact Debbie Cooley-Guy at Debbie Cooley Mortgage for more information. 727-688-2851 NMLS 210817 DebbieCooleyMortgage.com NMLS 836635 Equal Housing Lender

Have questions about your specific situation? Schedule a free consultation with Debbie or call 727-688-2851.