Reverse Mortgage
I’m 55 or older and want to access the equity in my home and improve my cash-flow.
Wouldn’t it be nice if you had the money to do more of the things you want to do? A reverse mortgage could be just what you need. It’s a simple and sensible way to unlock the value in your home and turn it into cash to help you enjoy your life on your terms.
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Topics we’ll discuss include:
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You can choose how you want to receive your money: you can take a lump sum advance, or choose to receive monthly advances or choose a combination of the two.
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You receive the money tax-free.
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You can use the money any way you wish.
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No regular mortgage payments are required while you or your spouse live in your home.
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You maintain ownership and control of your home.
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You keep all the remaining equity in your home.
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Will I ever owe more than the home is worth?
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Will the bank own my home?
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What if I have an existing mortgage?
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What fees are associated with a reverse mortgage?
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What do I qualify for on a reverse mortgage?