Reverse Mortgage vs. Other Products

There are numerous benefits in obtaining a reverse mortgage over other types of loans or financial products. The most important thing to remember is that we NEVER own your home. You continue to own your property and can live there as long as you wish. All you need to do is maintain the property and continue paying your home insurance and property taxes.

Here Are Some Important Reasons to Consider a Reverse Mortgage for You:

  • Make no payments for as long as you live in your home. **
  • Continue to live in your own home.
  • Receive tax-free cash. *
  • Several ways to receive the money – lump sum, (or) monthly or a combination.
  • Repay the loan at anytime with absolutely no penalty.
  • Non-recourse loan which means the borrower can never owe more on the loan than what the house is worth.
  • Low interest rates.
  • No income or credit score requirements.

* Please consult your financial advisor
** Homeowners must continue to pay insurance, taxes and basic home maintenance during loan period.

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