If you are 62 years of age or older and want to take advantage of the equity in your home, you may want to consider a Reverse Mortgage. Reverse Mortgages allow you to remain in your home, while eliminating monthly mortgage payments and giving you tax-free funds to live on. The amount you will receive depends on your age, current interest rates, and the appraised value of your home.
Advantages of a Reverse Mortgage include:
• You do not have to repay the loan for as long as you are living in the home.
• You may receive payments as a single lump sum, monthly payments, or a combination.
• No credit or income eligibility requirements.
• Payments you receive are not taxed.
• No risk of foreclosure.
• The FHA will repay any amount borrowed beyond the value of your home.
If this sounds like something that would interest you, contact us to start looking through the details of what you would qualify to receive and how this can be arranged. A Reverse Mortgage may be just what you need!
· Compare your options with our handy Calculators!
· Fill out our Quick Qualify Form to find out what you qualify for!
· Find an expert to work with by browsing our Loan Officer Directory!
· Call 800-678-6663 or Email Us today to see if a Green loan is right for you.
