Reverse Mortgage at a Glance 

Borrower Requirements:
  • Must be at least 62 years of age

  • Must live in the home as a Primary Residence

  • Must have Equity in your home

 

Facts:
  • No Payments

  • Loan proceeds are Tax-Free

  • Borrowers Retain Title to the Property

  • No Restrictions on Use of Funds

  • Guaranteed No Debt Left to Heirs or Estate

 

Benefits:
  • Supplement Income

  • Hire In-Home care

  • Buy a Car

  • Update Your Home

  • Buy a New Home

  • Stay in Your Home For Life

  • Payoff Existing Home Loan