REVERSE MORTGAGE
NEED EVALUATION
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| What is your need? |
- Eliminate existing mortgage payments
- Reduce debt, payoff high interest credit card debt
- Provide financial independence
- Fund home repair
- Fund medical expenses
- Pay for home services
- Enjoy additional leisure activities
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| Often it is an eye opener to complete a monthly budget. Read through the self-evaluation below.
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Self Evaluation
Top indicators of financial trouble include: |
- Taking cash advances or borrowing money to pay for regular living expenses or to pay another debt.
- Regularly receiving phone calls or collection notices from creditors regarding overdue bills.
- Struggling to make more than the minimum payment on credit card bills.
- Money problems are causing stress and/or conflict at work or at home.
- Using more than 20% of your take home income to pay non-mortgage debts.
- Impulsive or compulsive spending habits.
- Not knowing how much your monthly debt and living expenses are.
- Getting behind in housing and utility payments.
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Equal Housing Lender
