If you’ve lived in a home even for a short amount of time, it’s probably filled with memories that will always be with you. The place you’ve lived has given you a lot over the years, and with reverse mortgages, it can give you even more. The concept of a Reverse Mortgage is rather simple: unlike a regular mortgage, instead of paying the lender, the lender pays you an amount based on your home’s value. There are many facts that make a Reverse Mortgage attractive:
- No payments as long as you live in the home, except for real estate taxes and property insurance.
- No taxes owed on the money you receive
- You retain the title to your home and may sell at any
- You can receive your money in monthly payments, a credit
line, a lump sum, or in any combination.
- No restriction on how you spend your money.
- Social Security and Medicare are not affected.
A Reverse Mortgage can be the key to unlocking your home equity without selling or incurring additional payments. A Reverse Mortgage, however, isn’t for everyone. Reverse mortgages can provide a valuable resource to individuals and a better life when the circumstances are right. But there are many considerations before choosing one, including: fees, restrictions, estate planning considerations, need for income, other assets, health considerations, insurance coverage, and so on. If a Reverse mortgage is right for you, it can result in the financial freedom you’ve earned.
Our Pledge to You:
We Promise to fully explain to you all the latest and most accurate information about Reverse Mortgages, but we also promise to never pressure you in any way. If you decide to proceed, we will be with you through every step of the process and after. We will always treat you with the respect you deserve. When the circumstances are right, a reverse mortgage is a wonderful vehicle to utilize your home’s equity to enjoy a better life with dignity and financial freedom.