If you are at least 62 years old and own your own home, a reverse mortgage may be a useful financial tool that can help you live a more worry-free life. There are no limitations to how you may use the money, so you can cover medical expenses, fund education for your grandchildren, or travel the world. It is up to you!
The amount you are qualified for is based on your age, the value of your home, and the amount you owe- nothing else.
With a reverse mortgage, you can access the equity in your home, without having to make monthly mortgage payments. We can show you how this is accomplished and answer all of your questions in the privacy of your home or at our local office.
Stipulations include keeping current on property taxes and insurance and making sure the house is properly maintained.
Use our free reverse mortgage calculator below, or better yet, call us today to see if you qualify. As part of the process, you will work with an independent reverse mortgage counselor, who can help you evaluate all the risks and benefits.