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:
• Supplement your income
• Eliminate your house payment
• Buy a new car or a vacation home
• Set up a Line of Credit for unexpected expenses
Practically anything!Benefits:
• You retain the title to your home -
You may sell the home at any time.
• You can remain in your home for as long as you like.
• No payments for as long as you occupy the home.
• 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.
Our Reverse Mortgage Specialist, Bob Niderno, has over 15 years of lending experience. He is here to help you understand the abundance of information available to you regarding a reverse mortgage.
