Does Your Home Need Remodeling?
Have you ever wanted to improve your home in order to make it fit your changing life needs without increasing your monthly expenses? The Reverse Mortgage may be the perfect loan product for you! This loan is great for someone who wants to stay in their own home and live independently as long as possible.
A Reverse Mortgage is a great tool to access your home’s built in equity without selling your home. You can update a kitchen, or replace doors, unsafe stairs or redesign your bathroom to meet your unique safety needs as you grow older. Once you secure your HECM (home equity conversion mortgage) Reverse Mortgage you can do the work yourself or hire a licensed contractor. You decide.
Spend the money on whatever is important to you. A Reverse Mortgage allows you financial flexibility. Did you know that you don’t have to make a monthly payment? It’s true, there are no income requirements, no credit qualifying, or tax complications either. You can put the money back into your home to enjoy the rest of your golden years with an up to date property. The Reverse Mortgage may be a good fit for people who want to improve their existing home for function and or beauty and protect their retirement income.
For more information go to our Cincinnati Reverse Mortgage website.
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