Is your lifetime of savings locked up in your home?
Set it free with a Reverse Mortgage from Chelsea Groton Bank.
Enjoy life to the fullest…you deserve it!
A reverse mortgage is a tool to access the equity in your home.
It is a special type of home loan available to homeowners age 62 or older.
You may use your home’s value to:
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Supplement your income
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Eliminate your house payment
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Pay for home repairs or maintenance
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Pay off credit card, household, or medical debt
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Help with healthcare and prescriptions
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Buy a new car or a vacation home
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Help a grandchild with college expenses
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Set up a Line of Credit for unexpected expenses
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Practically anything!
Benefits:
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You retain the title to your home - You may sell the home at any time
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You can remain in your home for as long as you like
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No payments for as long as you occupy the home
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No income, health, or credit qualifications
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The money is tax-free *
(*you are encouraged to speak with your tax advisor)
The money may be used for any purpose
Our reverse mortgage programs are insured so your payments are guaranteed
Is a Reverse Mortgage right for me?
Ask yourself these simple questions?
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Am I at least 62 years old?
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Is my mortgage fully or almost paid?
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Do I have substantial equity in my home?
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Could my family and I benefit from extra income each month?
If you want to live in your home for as long as possible and answered yes to two or more
of these questions, a reverse mortgage may be just the right answer for you.
Our Reverse Mortgage Specialist, Bob Niderno, has over 15 years of lending experience.
He is here to help you make heads or tails out of the wealth of information available to
you.
Please contact Bob at 860-448-4176 or visit him in his office at 904 Poquonnock
Road, Groton, CT or
Click here for more information
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