|
What is a Reverse Mortgage |
Steps to a Reverse Mortgage
| Counseling
Background
As homeowners 62 or
older, you can use the equity you have built in your primary residence to
make your retired years richer. There are no restrictions on how you use the
loan proceeds and the payments you receive are tax free since you paid taxes
on the money you used to pay for your home over the years. You can even
purchase a home with a Rev erse
Mortgage.
You can pay off your cur rent home:
- free up monthly cash
flow;
- help your children, your parents or yourself with medical expenses
or;
- take those trips you always wanted or;
- simply have access to a line of credit
at any time.
If you want to estimate how much a
Reverse Mortgage can mean to you click the calculator.
A Reverse Mortgage isn't
right for every Senior but every Senior can benefit from more
information.
Let
us help you with that information.
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