Did you know that...

  Reverse mortgages are taken by thousands of seniors every year. This means that someone you know, a friend, a neighbor, or family member has likely taken advantage of the benefits of a reverse mortgage.

  Reverse mortgages can create a safe way to take care of yourself (and your spouse) while having the financial independence you've worked for all of your life. You can live in your home without a monthly mortgage payment for the rest of your life.

  For some, a reverse mortgage offers the liquid cash they need in an emergency or to maintain their current lifestyle. For others, it is just a security blanket to cope with the rising costs of everyday living.

  A Reverse mortgage can be less expensive than a traditional home mortgage or home equity loan. Remember, with a traditional loan you have to add up all of the monthly payments you will be making over the years and include that figure in your costs.

  Many seniors who have taken home equity loans are having difficulty making the monthly payments, and they are now taking a reverse mortgage to pay off the equity loan and eliminate those payments.

  The federal government regulates reverse mortgages. This means that the amount of money available to you, and the costs you pay are primarily the same with every lender in the United States . All reverse mortgage lenders must be approved by the U.S. Department of HUD.

  Because reverse mortgages are relatively new to many people, there is a lot of conflicting and incorrect information about them. When seniors rely on authoritative sources like AARP, HUD and experienced lenders like First Financial, they find that reverse mortgages are actually quite simple and in many cases beneficial for someone who is over 62.

  First Financial helps educate thousands of seniors each and every month about reverse mortgages. We are one of the leading sources of accurate and reliable information in the United States.

  A 2006 AARP survey showed that 97% of all seniors who have taken a reverse mortgage are satisfied with it, and respondents say it has helped them maintain their quality of life effectively. AARP 2006 Study