Reverse Mortgage Program
Use the hard-earned equity in your home to help you live a more comfortable retirement. With the HUD-insured, "Home Equity Conversion" (reverse mortgage) loan program you can tap into your home’s accumulated equity and create a source of tax-free income to supplement your Social Security and other retirement income.
- Must be a minimum of 62 years of age for eligibility. Cash benefit is based on several factors determined at application
- The reverse mortgage customer always retains ownership and lives in their home
- Cash proceeds can be used for any purpose: to supplement income, to offset the cost of health or in-home care insurance premiums, even to purchase another property in a warmer climate to be used on a seasonal basis!
- Loan Proceeds are not considered income and will not affect Social Security or Medicare benefits (although other types of specialized benefits may be impacted)
- Heirs can keep the home once the reverse mortgage is repaid
- Loan Proceeds can be obtained in lump sum, monthly installments or even as a line of credit
Find out how a reverse mortgage can help make the "American Dream" continue into retirement!
For complete information call our Mortgage Center toll-free at 1-888-705-9596 to meet with one of our Mortgage Specialists.
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LIST OF APPROVED REVERSE MORTGAGE COUNSELORS |
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