A reverse mortgage is a loan that lets homeowners aged 62 or older transform their home equity into cash. Tailor-made for retired homeowners, reverse mortgages are perfect for those with limited retirement savings who need help with debts, medical expenses, or life's unexpected plot twists.
A reverse mortgage can allow you to maintain ownership of your home without having to make monthly mortgage payments anymore.
Additional income from your home equity to help you pay for increased medical costs, cover unexpected bills, and finally afford to do the things you've always dreamed of.
Because the funds from a reverse mortgage are considered a loan and not income, the proceeds are tax-free.
A reverse mortgage is a type of loan that allows homeowners 62 and older to pull cash funds from their home equity!
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A retirement solution specifically designed for homeowners like you! The retirement of your dreams is just four simple steps away!
Counseling with a HUD-approved counselor so they can review your financial situation and explain the benefits and risks of a reverse mortgage.
Provide your lender with information about your age, the value of your home, and your remaining mortgage balance.
The lender will order an appraisal of your home to determine your maximum loan amount.
Once you’re approved, you’ll receive the proceeds of your loan, and you’ll be all set to start living the retirement of your dreams!
A retirement solution specifically designed for homeowners like you! Retain ownership of your home without making monthly mortgage payments anymore, and receive cash funds from your home equity to supplement your retirement income.
A reverse mortgage is a loan that allows homeowners aged 62 and older to tap into their home equity without selling their home or taking on a monthly mortgage payment. Instead, the loan is paid back when the borrower dies, sells the home, or moves out permanently.
Schedule Now!To be eligible for a reverse mortgage, you must be at least 62 years old, own a home, and occupy it as your primary residence. Your home must also meet certain property standards and be free of any liens.
Schedule Now!With a reverse mortgage, the lender provides a loan based on the equity in your home. You can receive the money in a lump sum, monthly payments, or as a line of credit. You can use the money for any purpose, but you don’t have to pay it back until you die, sell the home, or move out permanently.
Schedule Now!Reverse mortgages can provide homeowners with extra cash in retirement, help pay for home repairs, cover medical expenses, or pay for other needs. They also provide a way for seniors to remain in their homes and avoid selling or moving.
Schedule Now!The biggest disadvantage of a reverse mortgage is that it can reduce the amount of equity you have in your home. Additionally, you’ll still be responsible for paying property taxes, insurance, and maintenance costs, which can become expensive over time.
Schedule Now!You don’t have to repay the reverse mortgage as long as you live in your home, but you’ll still be responsible for paying property taxes, insurance, and maintenance costs. When you die, sell the home, or move out permanently, the loan and any accumulated interest will be due.
Schedule Now!When choosing a reverse mortgage lender, it’s important to compare interest rates, fees, and customer service. You can also look for lenders who are approved by the Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA). It may also be a good idea to speak with a financial advisor to ensure that a reverse mortgage is the right choice for your unique financial situation.
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Your path to ownership is just one click away! Schedule a complimentary consultation now so we can take a look at your specific needs and find the perfect home loan for you!
Getting approved for a Reverse Loan begins with taking a look at your unique situation.
Getting approved for a Reverse Loan begins with taking a look at your unique situation.