Most of us love our homes. We have put a lot of ourselves into them;
perhaps raised our families there, worked hard to keep them in good
repair, lived, loved, laughed and cried there. A home is one of the
biggest financial commitments we make. And it represents one of our
biggest and often most-overlooked sources of extra income.
REVERSE MORTGAGE BENEFITS:
- Delivers increased tax-free monthly income
- No monthly payments required
- No income or credit qualification
- Allows homeowners to live in their homes
- Provide a cushion against the unexpected
- Fund home repair
- Establish a resource to help grandchildren and loved ones
- Reduce debt
- Fund medical expenses
- Purchase long-term care insurance
- Eliminate existing mortgage payments
- Pay for home services
- Enjoy additional leisure activities
- Provides easy access to the value you have built in your home
The ability to remain in our homes while taking care of ourselves
financially is important. If you could benefit from extra cash to
supplement your existing income, reduce credit card debt, cover medical
expenses, help a loved one or just enjoy life a bit more, a reverse
mortgage may be right for you.
| REQUIREMENTS: |
- Both spouses must be 62 or older
|
- Own your own home and occupy
the home as your principal residence (may be eligible even if
there is a first or second mortgage)
|