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.
For informational purposes only. This is not an offer to extend credit or a commitment to lend. All loans are subject to underwriting approval. Some products may not be available in all states and restrictions may apply. Programs shown may not include all options or pricing structures. Rates, terms, programs and underwriting policies are subject to change without notice. Equal Housing Opportunity. NMLS Consumer Access
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