October 3, 2007 -- Eric Rittmeyer, the president and founder of Fidelis Mortgage will appear on “Your Best Years” on WMAR TV ABC Channel 2. The program will be aired on October 4 at 7:30 pm. Rittmeyer will explain the Federally Insured Reverse Mortgage program and how it is assisting seniors.

With Reverse Mortgages continuing to break records year after year, it is important that homeowners 62 and over understand how they work.  With rising healthcare and energy costs, many senior homeowners are finding it more and more difficult to stay in the home they love.  In response to the apparent financial problem’s seniors are facing, the U.S. government created a solution to help seniors enjoy their retirement years.  The solution is the Reverse Mortgage.  Insured by the Federal Government, the Home Equity Conversion Mortgage (HECM), enables homeowners 62 and over to convert part of their homes’ equity into tax free income without having to sell their home, give up the title, or take on monthly mortgage payments.

“The majority of our clients are living in the home that they raised their families in.  They normally have a fairly small existing mortgage against their property, and are pleased to learn that the property does not need to be free and clear to qualify for the Reverse Mortgage” says Eric Rittmeyer.  After paying off existing liens, the remainder of the proceeds can be received as a lump sum, a monthly payment, an equity line to be used for future needs, or a combination of all three.  There are no income or credit requirements for the Reverse Mortgage.  All proceeds of the property go to their heirs when the property is sold.

Eric Rittmeyer, the founder of Fidelis Mortgage, is a veteran of the U.S. Marine Corps and has 10 years experience in the mortgage industry.  

Media Contact
Eric Rittmeyer
Fidelis Mortgage
Phone: 866-750-8762
Email: This email address is being protected from spam bots, you need Javascript enabled to view it
Online: www.reversemaryland.com

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