How Can A Reverse Mortgage Help You?
The equity in your home is yours to use. With a lump sum payout or fixed monthly payment, you can access your earned equity for home renovations, healthcare costs, or other major expenses.
Use the proceeds of your reverse mortgage to eliminate your monthly mortgage payment and free up funds in your budget.
Set up a growing line of credit as a standby safety net that can be used when unexpected expenses arise. Watch the unused principal grow over time, giving you access to more funds the longer it goes unused.
Use a reverse mortgage to “right-size” to a home that meets your long-term goals while incurring no monthly mortgage payments on your new home loan.
Work with Our Reverse Mortgage Experts
Reverse mortgages are one of the most popular loan programs for American homeowners over the age of 62. Our reverse mortgage specialist will assist you in finding the best mortgage option for you.
Our easy-to-use mortgage calculator will help you understand your reverse mortgage options. Take a look at the numbers.
About Reverse Mortgage
With a reverse mortgage, you can borrow against a percentage of the value of your home. Receiving equal monthly payments or a lump sum payment, you can use the cash from your equity for your living expenses, medical costs, or purchasing a home.
In a reverse mortgage, the borrower is not required to pay back the loan until the home is sold or otherwise vacated.