WHAT IS A REVERSE MORTGAGE?

     The reverse mortgage is a unique loan program that enables senior homeowners that are age 62 and over to access a portion of their equity without creating a monthly payment obligation. 

     A reverse mortgage provides financial security because you don't have to make payments, or even repay the loan, as long as you occupy your home as a primary residence.  

There are no income, medical or complicated credit requirements to get a reverse mortgage, and there are no payments required until you no longer occupy the home as your primary residence.

    

     

   

 

What Are Some Uses For a Reverse Mortgage?

  • Pay off mortgage.
  • Home improvements.
  • Pay credit card debts.
  • Home health care.
  • Long Term Care.
  • Supplemental income.
  • Estate Planning.
  • Make charitable donations.

    The reverse mortgage is a non-recourse loan which means it is secured ONLY by the property. That means that you CAN NEVER pass a debt on to your heirs or estate as a result of doing a reverse mortgage.

 

     We'll send you a free reverse mortgage Information Package that will provide you with a wealth of information.