Seniors Home Reverse Mortgage
Meet the Team
Lee Weiner - Reverse Mortgage Consultant
Prior to the mortgage industry, Lee worked as a new car dealer for 25 years. He says a commonality between the two career paths is the attention to customer satisfaction. Lee says his goal is to efficiently answer questions on the reverse mortgage process, to help people ease their financial stress, plan for the future and stay happy and healthy in their homes for as long as they can.
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Fast Facts
Reverse mortgages allow you to convert equity in your home into supplementary cash to use whenever, and however, you wish: as a lump-sum, monthly payment or as a line of credit you can tap as needed. The loan does not have to be repaid as long as you continue to live in your home.
The loan is backed and guaranteed by the Federal Government.
The home must be your primary residence.
Title to the property remains in your name.
No income, health or credit qualifications.
You do NOT make monthly payments. EVER!
Cash received is TAX FREE!
You own your home – no different than a traditional mortgage.
Social Security benefits and Medicare are generally not affected by a reverse mortgage – consult your tax advisor.
