Is A Reverse Mortgage Right For You? Find Out...
Did you know that, as a senior, you can use a reverse mortgage as a tool in your financial planning? Here are loan benefits you can enjoy when you supplement your retirement income with a reverse mortgage:
You Still Own Your Home.
Some people believe that a lender takes ownership of your home in a reverse mortgage. This is false. You remain the owner as long as you comply with the loan conditions.
No Monthly Payments.
In a reverse mortgage, payments are given to you as long as you live in your home. There are no monthly payments like those in a traditional loan. The loan is repaid when you sell your home or move to another primary residence.
Government Insured.
Have peace of mind that federal insurance covers your loan.
Enjoy Several Disbursement Options.
You can choose to receive funds in total, partial sum, line of credit, monthly payments, or a combination of any of these options.
Disclaimer: The information provided on this page is for informational purposes only and does not constitute financial advice. Mortgage rates and terms are subject to change. We recommend consulting with a qualified financial advisor to discuss your specific situation. You can also contact us directly to learn more about your qualifications and approval. Terms and conditions apply.
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