Wednesday, July 19, 2006

Use a Reverse Mortgage to Pay for Your Home's Property Taxes Call 1-920-379-1128

Learn how to use the HECM Reverse Mortgage Credit Line growth to pay for your property taxes. Example: lets assume your credit line has a principal limit of $100,000 and the growth rate on the credit line is 7.27% after one year the credit line available balance would be $107,270. You could then "Harvest " the $7270 to pay for your property taxes and your credit line of $100,000 would still be available for future use.

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