From the Back Cover

Live on your equity—without selling or refinancing your home!

Many seniors have trouble making ends meet after retirement. Often their homes are their most valuable assets, but they can't access the equity they've accrued unless they sell. If you find yourself in this position, you might face the dilemma of having to sell your home. Thankfully, the reverse mortgage offers seniors the option of remaining in their homes with no mortgage payments.

Reverse mortgages permit seniors to convert part of their home equity into tax-free income—even if they're still paying on the mortgage. Designed specifically for seniors, these specialized loans let you tap into your equity and use the money for any purpose. Safe and legal, these loans can never cost more than the value of the home, and the loan doesn't have to be repaid until you, or an heir, sell the home.

This straightforward, simple guide helps seniors and their loved ones understand every aspect of the reverse mortgage, including:

• Tax ramifications of reverse mortgages
• Fees and costs associated with reverse mortgages
• Great things you can do with your reverse mortgage payout
• Calculating a reverse mortgage based on the owner's age, and the home's location and value
• How to structure your payout as a lump sum, monthly payments, or credit
• How much you can borrow and at what rate

"As our population ages, it is critical that senior citizens are made aware of the various options available to them that will enable them to lead more fulfilling, comfortable lives. In this book, Tom Kelly clearly and concisely explains the inner workings of reverse mortgages—a viable financial option for senior homeowners."
—Sarah Hulbert, National Director, Reverse Mortgage of America

"Tom Kelly breaks down a misunderstood, complex topic into a very readable, valuable work for seniors and adult children. This book not only provides one of the key tools to aging in place, but it also clearly and accurately explains the next big financial vehicle in the United States."
—Dr. Richard Garrigan, author and Emeritus Professor of Finance, DePaul University

• sell it or
• borrow against it and make monthly loan repayments.

Reverse mortgages offer a third way of getting money from your home which is why we would like to discuss it further so that everyone will understand how reverse mortgages work and how it can be used. If you are a homeowner, age 62 and older, you are eligible to apply for a reverse mortgage loan that converts your home equity into a tax-free income. With The Complete Guide to Reverse Mortgages: Turn Your Home Equity into Instant Income!, you'll learn all you need to know to earn the supplemental income you need, without worrying about:

• Having to sell your home
• Give up your title
• Or take on a new monthly mortgage payment.

This invaluable guide explains everything you need to know about reverse mortgages and how to use them to your advantage. With practicing attorneys Tyler Kraemer and Tammy Kraemer leading the way, you will learn the step-by-step process to getting a reverse mortgage and making the best of your retirement!

About the Author
Tammy Kraemer has been an attorney practicing business, real estate, and intellectual property law for almost ten years. She is currently in private practice. She worked in general counsel for a mid-size software company with worldwide offices. She also worked at a large regional law firm in their corporate law and securities department. She has written and edited numerous articles for newsletters and law journals. She lives in Colorado with her husband Tyler and their two children.

Tyler Kraemer has been an attorney in private practice focusing on estate planning, real estate, finance, and business law for almost ten years. His clients include lenders, borrowers, mortgage brokers, real estate brokers, real estate buyers and sellers, and business owners. Tyler has been a part of outside general counsel for the REALTOR® trade association and the for-profit multiple listing service, which included giving daily advice on homeowner issues. He has participated in National Association of REALTOR conferences and workshops dealing with all facets of homeowner issues. He lives in Colorado with his wife Tammy and their two children.