Retirement Loans

Chloe & I had an interesting conversation with a loan officer from Omaha about a Retirement Loan.  It’s similar to a Reverse Mortgage.  Your name would remain on the deed and payments are optional.  If you can’t make the payment due to medical needs, Christmas, etc. you can skip the payment.  If your current home is becoming difficult to get around in due to knee problems, too many steps, etc. you can purchase a new home, with a nice down payment and would not be required to make any house payments, for the rest of your life.  You are required to pay the property taxes, insurance and upkeep of the home. This loan is only available if you are 62yrs+.  I would like to invite him to my office to explain more to the community about this loan.  If you would be interested, please give us a call and let us know, 402-357-2224.  If there are enough people interested, he said he could make the trip for us.