Reverse Mortgage
Reverse Mortgages – the fastest growing financial instrument in the country brought to you by the company that slows down the learning curve.
Facts about Reverse Mortgages
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A Reverse Mortgage is a loan against the borrower’s home that is not paid back for as long as they live there. It allows eligible home owners to access the equity in their homes without having to make a monthly payment.
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Reverse Mortgages work differently than traditional mortgages. Instead of repaying a loan and building equity in your home, with a Reverse Mortgage, your equity is converted into tax-free cash.
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Many of the standard closing costs associated with a home purchase apply to Reverse Mortgages, however, all costs can be financed into the loan. The cash available to you will vary depending on your age, interest rate and home value. In general, the greater your age and the value of your home, the greater the cash available.
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To be eligible, borrowers must be at least 62 years old, occupy your home as your primary residence, and either own your home in full, or be able to pay the balance on your home with the proceeds of the Reverse Mortgage.
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Click here for our Reverse Mortgage Brochure and uncover 6 Reverse Mortgage Myths.
People are talking
“Just a note to say thank you for all you did to help me with my reverse mortgage. I am able to enjoy staying in my own home without financial worry, enjoying the same familiar surroundings, neighbors and friends. This has made my life extremely enjoyable. Many thanks to you for your wonderful help.” –Lorraine, Seekonk, MA
