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Seniors might decide to use a reverse mortgage to fulfill lifelong dreams or enjoy their retirement by traveling or engaging in other leisure activities.
How a reverse mortgage works
Reverse mortgage proceeds can be received as a lump sum, line of credit, monthly payments, or a combination of these options.
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Reverse Mortgage 101
Essentially, a reverse mortgage allows homeowners aged 62 and older to borrow against the value of their home. The loan is repaid when the homeowner moves out of the home, sells it, or passes away.
Borrower Eligibility
To be eligible for a reverse mortgage, the homeowner must be at least 62 years old and have significant equity in the home. The home must also be the primary residence.
Personal Guidance
Our specialist will guide you through the process step-by-step, ensuring you understand all aspects of the reverse mortgage. so that you can an informed decision and feel confident about your financial future.
What can a reverse mortgage do for you?
While a reverse mortgage is primarily designed to benefit senior homeowners, it can also indirectly provide advantages to other family members as well.
Seniors 62+
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Non-Borrowing Spouses
In cases where the primary borrower is older than 62 but has a non-borrowing spouse or family member living in the home, a reverse mortgage can provide financial relief to the entire household. The non-borrowing spouse can continue living in the home even after the borrowing spouse passes away or moves out, as long as they meet certain criteria.
Adult Children
If aging parents have limited retirement savings and rely on their adult children for financial support, a reverse mortgage can help ease the financial burden on the children. By accessing their home equity through a reverse mortgage, the parents can supplement their income and cover their expenses, reducing the need for additional financial assistance from their children.
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Unlock your home’s hidden wealth
Are you ready to make the most of your retirement and unlock the financial potential of your home? A reverse mortgage is the key to open the doors to a worry-free, cash-rich retirement lifestyle
Say hello to financial security
Gain peace of mind, knowing that you’ll have a steady source of income to cover your expenses, healthcare costs, and other necessities during retirement.
Say goodbye to monthly mortgage payments
That’s right! With a reverse mortgage, you’ll never have to worry about making monthly mortgage payments again. Instead, you receive money from us, and your loan is repaid only when you no longer live in the home.
Keep ownership of your home
Stay in the comfort of home and cherish every moment of it still. With a reverse mortgage, you can age in place comfortably, surrounded by the memories you’ve built over the years.
Create an emergency safety net
Life is full of surprises, and sometimes they come with unexpected expenses. A reverse mortgage acts as your safety net, ready to support you in times of financial need.
Leave a legacy
Stop worrying about leaving your loved ones in a tough financial spot. A reverse mortgage allows you to use your home equity strategically while still ensuring your family’s financial future.
We are with you every step of the way
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Get The Right Answers
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Watch The Video
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Download The Guide
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Get In Touch
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Prequalify Online
Prequalify for a reverse mortgage today and secure your financial freedom with no income or credit requirements.
Schedule An Appointment
Connect with one of our reverse mortgage specialists to see if you qualify.