Reverse Mortgage Now

Reverse Mortgage Now

• Reverse mortgages  allow anyone 62 years are older to gain equity from their home and they don’t have to sell it.  You can use they funds anyway you see fit, it’s for your benefit.

• You can be issued the funds in a monthly payment, a lump sum, or a line credit

• The amount of loan funds you may receive depends on the value of the home and the age of the youngest borrower or eligible non-borrowing spouse.

• The loan does not have to be repaid until the borrower sells their home, moves out, or passes away. You or your estate representative is obligated to pay back the reverse mortgage amount, interest accrued, and finance fees at the time your home is sold, or you are no longer living in it.

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