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Retire on Your Own Terms

Important facts about reverse mortgages:

  • You own your home – not the bank.
  • You never make another mortgage payment while you live in the home
  • You can refinance or sell whenever you want – with no penalty.
  • The money you receive is tax-free
  • You can use the money you get any way you wish

 

Let Your House Secure Your Retirement and Put Tax-Free Money in Your Pocket

If you are 62 years old or older here is some good news.

The American Recovery and Reinvestment Act raised the limit on what the bank can pay you for a government-backed reverse mortgage to $625,500.

In addition, there are no income, employment or credit qualifying restrictions. You own your home - not the bank and you never make a mortgage payment while you live in the home. The money you receive is tax-free and will not affect your Social Security benefits.

If you or your spouse is over the age of 62, you can get a Free Reverse Mortgage Guide that explains all your options and simplifies the application process.

You'll find out:

  • Do you qualify?
  • How much money could you get?
  • Is a reverse mortgage right for you?
  • How does a reverse mortgage work?
  • What kind of reverse mortgage products are available?
  • And any other answers you may be looking for

Get the free guide

 

What changes in the reverse mortgage program mean for you:

Tax Free: The money you receive is tax-free and will not affect your Social Security or Medicare benefits. You can spend the money anyway you choose.

Lump Sum or Monthly Cash: You may choose to receive a large lump sum (up to $625,000) or monthly cash payments from the bank.

Easier to Qualify: There are no income, employment or credit qualifying restrictions.

You Retain Ownership: You own your home - not the bank.

Ends Mortgage Payments: You will never make another mortgage payment while you live in the home.

Pays off current mortgage: Even if you still owe money on a first or second mortgage, you can still qualify for a reverse mortgage

No Penalties: You can refinance or sell whenever you want - with no penalty.

Find out if you qualify in 30 seconds.

 

 

 

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