A Reverse mortgage is an FHA government-insured and HUD regulated loan program designed specifically for homeowners 62 years of age or older. A reverse mortgage converts the equity in your home into cash – with the proceeds disbursed via lump sum, saved in a line of credit or via monthly cash payments for the rest of your life. No matter what, the proceeds are tax-free.
And, as long as you live in your home, the mortgage will not require any monthly payments; and, what’s more, you keep your home for life. Title and ownership is yours.
Are you ready to gain the financial freedom you’ve earned?
Then consider the advantages:
If you have sufficient equity in your home and you’re at least 62, you may be eligible.
Stay Where You Are
Keep your home for life! Continue to enjoy life in your home – all you have to do is pay property taxes and insurance.
No More Mortgage Payments!
Deposit cash into your bank account instead.
It’s yours to spend on whatever you want. Be sure to consult your tax advisor.
The best part of a reverse mortgage is that you get to worry less and live more!