Reverse mortgages are a great option for many homeowners to live off the value of their largest investment without having to move out of their home.
Most homeowners understood when they purchased their home that this would likely be the single largest investment in their portfolio. So, what good is this valuable investment if the investment funds are locked up as long as you live in it? How are you suppose to use those funds during retirement? If you wonder this very question a reserve mortgage might be right for you.
Points of Consideration
- Must be 62 years of age or older to qualify
- Available for Purchase or Refinance
- The home remains yours…Always!
- You make NO Monthly Mortgage Payments
- Protects You if Home Valued Decline
- Multiple Dispursement Options
- Doesn’t Affect Social Security or Medicare Benefits
There are always pros and cons to any mortgage option. Weigh the true value and benefits of a reverse mortgage and determine the option that might be right for you.
Hello, My name is Tom Payne and I have been offering reverse mortgages for over 20 years. No two situations are the same. I will review your individual situation and help you find an option that will benefit you today as well as in the future.
