| A reverse mortgage is a financial tool for seniors age 62 or more that are homeowners. A reverse mortgage allows seniors to supplement their retirement income by turning some of the equity in their homes into tax-free income. The funds can be used for anything, and no payments are required while living in your home.
With a reverse mortgage, you can stay financially strong while you continue to live in your own home.
|
The most common questions and answers: |
|
How much can I get
Every situation is different, based on your homes value, the equity you have and your current age.
Before you do anything else, you should determine in the amount you can get will suit your needs.
If you know your homes current value, great!
---If not, we can give get an approximate value for you in under a minute.
What is my home worth?
|
|