What is a Reverse Mortgage?
A
reverse mortgage is a special type of home mortgage that allows a
homeowner to turn the equity in their home into cash. The equity built up
over years of home mortgage payments can be paid to the homeowner in a
number of ways: as a lump sum, as a stream of payments, or as a
supplement to Social Security or other retirement funds. However, unlike a
traditional home equity loan or second mortgage, with a reverse
mortgage, repayment is not required until the borrower is no longer
using
the home as the primary residence.
Your home is probably your
largest single investment; therefore, it is smart to know more about
reverse mortgages, and decide
if
it is right for you!
We have helped many people live a better
lifestyle with greater financial freedom and security by helping them
with the reverse mortgage solution.
Please fill out the form below or pick up the telephone and give me a
call. I look forward to hearing from you.
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