If you’re 62 years or older — and are looking for money to finance a home improvement, supplement your retirement income, or pay for healthcare expenses — you may consider a Reverse Mortgage.
We now offer a product that allows you to convert part of the equity in your home into cash without having to sell your home or pay additional monthly bills.
We wants you to understand how our Reverse Mortgage loan works and how to get the best deal. In a “regular” mortgage, you make monthly payments to the lender. In a “reverse” mortgage, you receive money from the lender, and generally don’t have to pay it back for as long as you live in your home.
The proceeds of a Reverse Mortgage generally are tax-free, and provides pensioners who do not qualify for any other type of mortgage loan based on their income and/or age, the opportunity to borrow a sum of funds based on the value of their mortgage loan free property.