Property Tax Relief with Reverse Mortgage

Reverse Mortgages can be used to pay your property taxes. A HECM credit line grows in value each and every year, When the credit line grows you can "Harvest" the growth to pay for your taxes. In this way your credit line original balance can be saved for emergency use.

Example: The credit line for a hypothetical property is $100,000.00 the credit line growth rate on the HECM Monthly Arm is currently 7.27% so one year from now the available funds in the credit line would grow to $107,270.00 .

You could the spend the $7270.00 and your credit line would remain at $100,000.00

That's all for now
Eben Johnson www.mireverse.com