Do you know how a reverse mortgage can benefit you? It can you give you the financial freedom you need and deserve in the later years. Proceeds from a reverse mortgage can free up your budget to allow you to travel, remodel your home or help loved ones which will give you security and peace of mind.
Homeowners 62 and older who have paid off their home( or mostly paid off) or have a large equity position are eligible. Seniors buying a home with fifty percent or less down payment can obtain a reverse mortgage and not have any monthly mortgage payment. Unlike a traditional mortgage, a HECM loan does not require a monthly payment or payment in full, until all borrowers have moved out of the house. The reverse mortgage gives people another option to improve or maintain their standard of living while staying in their home.
David and Rob will be able to help you decide if this loan option is right for you and your family!
What will you do with your extra money? Call us at 513-429-2122 to let us know your answer!
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