Reverse Mortgages
What is a Reverse Mortgage?
A Reverse Mortgage is a federally insured program that allows homeowners age 62 and older to use their home equity while maintaining ownership without creating monthly debt. There are no income or credit requirements and the money received from the Reverse Mortgage is Tax-Free. Better yet, you NEVER have to repay the loan as long as you live in the property.
When you participate in the Reverse Mortgage, you have three responsibilities:
1. Occupy the home as your primary residence.
2. pay homeowners insurance.
3. Pay you property taxes.
As lon as you fulfill these obligations, you can NEVER be forced from the comfort ans safety of your home.
Allow us to help you unlock the financial potencial of your home. Call and ask us how!
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