Retire on Your Own Terms
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- 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
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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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