(12PressRelease.com) San Diego, California. August 19, 2010 - It is a sad and growing problem: seniors have worked hard their whole lives, retired, and then instead of getting to live out their golden years in ease and comfort, are forced back into the workplace simply to make ends meet. The high cost of living coupled with dwindling pension payments and the looming threat of an end to the Social Security system is sending more and more seniors scrambling to find full or part time employment to make ends meet. Many are finding low wage jobs with no benefits, and can lose out on their other medical help because they are working.
Legacy Reverse Mortgage is now offering a reverse mortgage calculator that is clear and easy to use and can show seniors how much they are eligible for if they apply and are approved for a reverse mortgage. The calculator also helps them to get a preliminary determination of their eligibility under the reverse mortgage guidelines. There are a number of restrictions as to who can apply and be approved for these loans in addition to other restrictions on who can issue them. There are also a number of criteria that have to be met when the loan is approved, including speaking to an approved counselor.
In addition to the reverse mortgage calculator, Legacy Reverse Mortgage offers a number of financial tools, tips, guidelines and informative articles. Videos are also available on the site to give more in-depth explanations of the reverse mortgage and other financial products and services.
Seniors and others who have questions about anything they see on Legacy Reverse Mortgage‘s website have the option to either call toll free 24 hours a day at 1-800-991-4613 or can use the live chat function on the website. Live chat is available between the hours of 7:00 am and 6:00 pm PST.
About Legacy Home Financing
About Legacy Reverse Mortgage: Legacy Reverse Mortgage was founded by industry veterans with the mission to provide reverse mortgages with excellent service at the lowest possible cost. Legacy Reverse Mortgage‘s goal with each reverse mortgage is to maximize the benefit amount to the senior customer.