REVERSE MORTGAGE LOANS — WHAT YOU NEED TO KNOW
Advantages of a Reverse Mortgage Loan
- No more monthly mortgage payments*, have more money every month
- Tax-free loan proceeds (consult your tax advisor)
- You own/keep your home-yes that’s right, you still own it like you always have
- HECM loans are federally insured by the US Government
- Eliminate monthly credit card and other debts
- Delay your social security benefits start date, increasing your monthly SS amount
- Flexible Loan Payment Options: Lump Sum, Monthly Payments or Growing Line of Credit
*Borrower remains responsible for property taxes and homeowner’s insurance, maintaining the property, and otherwise complying with the loan terms.
Qualification is Simple and Easy
- You must be age 62 or older; your non-borrowing spouse may be under age 62
- Own your home (either free & clear or with an existing loan on it)
- Occupy your home as your primary residence
For more information call us toll free at 866-450-LEND or click below to continue.
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