Chestnut Knoll facilitates Veterans’ Photo ID Discount Card distribution
Veterans: do you need help getting your Veterans’ Photo ID Discount Card? Chestnut Knoll At Home is here to help! This month, the Montgomery County Recorder of Deeds is coming to Chestnut Knoll At Home to process information and provide veterans with photo identification cards and a program to receive discounts for goods and services from participating county merchants. Stop by Chestnut Knoll At Home, Gilbertsville, located at 1041 E. Philadelphia Avenue, on Tuesday, June 28 between 10 a.m. and 2 p.m. to receive your card!
All veterans who visit Chestnut Knoll At Home to receive their card must bring their DD214 military discharge papers and a photo ID. Once they obtain their photo ID discount card, they will also be given a list of all participating businesses. The merchant list will be updated monthly and can be found at www.montcopa.org/ rod. Veterans will be able to present these cards to Montgomery County businesses that have agreed to provide a discount to veterans in appreciation for their service to the country.
This opportunity will be available at Chestnut Knoll At Home, Gilbertsville, thanks to Montgomery County of Pennsylvania Recorder of Deeds. For more information, please call 610-473-3328.
It’s a fact: no monthly mortgage payments are required with a reverse mortgageloan; thehomeowners only have to pay for maintenance, property taxes, homeowner’s insurance and, if required, their HOA fees.
Another fact many are not aware of is that HECMreverse mortgages first took hold when President Reagan signed the FHA Reverse Mortgage Bill into law 28 years ago in order to help senior citizens remain in their homes.
Today, HECM loans are simply an effective way for homeowners 62 and older to get the extra cash they need to enjoy their retirement.
Although today’s HECMreverse mortgages have been improved to provide even greater financial protection for homeowners, there are still many misconceptions.
For example, a lot of people mistakenly believe the home must be paid off in full in order to qualify for a HECMreverse mortgage loan, which is not the case. In fact, one key benefit of a HECM is that it automatically pays off your existing mortgage, which frees up cash flow, a huge blessing for seniors living on a fixed income. Unfortunately, many senior homeowners who could benefit from a HECM loan don’t even bother to get more information because of rumors they’ve heard.
That’s a shame because HECM reverse mortgages are helping many senior homeowners live a better life.
In fact, a recent survey by American Advisors Group (AAG), the nation’s number one HECM lender, found that over 90% of their clients are satisfied with their reverse mortgages.
While these special loans are not for everyone, they can be a real lifesaver for senior homeowners like Betty Carter, who recently took out a HECM loan with AAG so that she could finally get the extra cash she needed to fix up her house.
“With the help of AAG, I have been able to repair my home’s foundation that I had been putting off for several years, ref inish the hardwood floors, paint the interior and will have the exterior painted within a few days. My house is starting to look like my home again and it feels good,” says Carter.
The cash from a HECMloan can be used for any worthwhile purpose. Many people use the money to save on interest charges by paying off credit cards or other high-interest loans. Other common uses include making home improvements, paying off medical bills or helping other family members. Some people need the extra cash for everyday expenses while others simply use it as a “safety net” for financial emergencies.
If you’re a homeowner age 62 or older, you owe it to yourself to learn more so that you can make an informed decision. Homeowners who are interested in learning more can request a free 2016 HECM Reverse Mortgage Information Kit and free Educational DVD by calling American Advisors Group tollfree at 1-800-330-8764.
At no cost or obligation, the professionals at AAG can help you find out if you qualify and also answer common questions such as: 1. What is the government’s role? 2. How much money might I get? 3. Who owns the home after I take out a HECM loan? You may be pleasantly surprised by what you discover when you call AAG for more information today.