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Bank of America Makes Reverse Mortgages Easy!
King Cole, Reverse Mortgage Specialist
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About Bank of America
Bank of America is one of the world's largest financial institutions,
serving individual consumers, small and middle market businesses and large
corporations with a full range of banking, investing, asset management and other
financial and risk-management products and services. The company provides
unmatched convenience in the United States, serving more than 59 million
consumer and small business relationships with more than 6,100 retail banking
offices, nearly 18,700 ATMs and award-winning online banking with nearly 29
million active users.
Following the acquisition of Merrill Lynch on January 1, 2009, Bank of America is
among the world's leading wealth management companies and is a global leader in
corporate and investment banking and trading across a broad range of asset
classes serving corporations, governments, institutions and individuals around
the world. Bank of America offers industry-leading support to more than 4
million small business owners through a suite of innovative, easy-to-use online
products and services. The company serves clients in more than 150 countries.
Bank of America Corporation stock is a component of the Dow Jones Industrial
Average and is listed on the New York Stock Exchange.
Retirement Income Even though retirement often comes with a fixed income, you
can still enjoy life on your terms. There are products that can help you keep
your independence, stay financially fit, and cover expenses—all while living in
the comfort of your own home. One of these products is a reverse mortgage.
A reverse mortgage loan can help
you supplement your retirement income by turning a portion of the equity in your
home into tax-free income. After paying off any existing mortgages you can put
those funds toward the things you need most. Pay for medical care, make home
improvements or cover unexpected expenses. The funds are yours and so is the
decision on how to use them.
A Bank of America Reverse Mortgage A Bank of America Reverse Mortgage is flexible and safe. Seniors make no
reverse mortgage payments for as long as they live in their home. With a reverse
mortgage, you always retain the title to your home and you can stay in your home
for as long as you wish.1 When the loan is due, you’ll only owe the
appraised value of the home—never any more. If you feel that a reverse mortgage may be right for you and
you’re eligible, review this information to learn more about how reverse
mortgages work from Bank of America.
Bank of America offers two reverse mortgages within our Senior Equity Reverse
Mortgage® product line. Each product has special features and offers
different benefits to suit different needs:
- Home Equity Conversion
Mortgage ( HECM) insured by the
federal government, is the most popular type of reverse mortgage.
- Senior Equity Reverse Mortgage® Platinum,
exclusive to Bank of America, offers greater flexibility and options.
We’re committed to finding the right solutions for you and your family. That
means making sure you know the facts about reverse mortgages and Senior Equity
Reverse Mortgage® products so you can decide what’s right for you.
For
more information, or to learn if a Reverse Mortgage is right for
you, please call King Cole, your Reverse Mortgage Specialist at
(512) 264-2115
or complete the Request for Information Form below.
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