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Benefits of a Reverse Mortgage

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Benefits of a Reverse Mortgage

Below is only a partial list of some of the many benefits that people are enjoying from Reverse Mortgages.

  1. Able to Maintain Your Lifestyle and Financial Independence!
  2. Comfort knowing you are secure and not a burden on your family
  3. Remain living in your home for as long as you wish!
  4. No restrictions on how you use the money you receive
  5. No monthly mortgage payments!
  6. You retain full ownership of your home
  7. Proceeds are Tax Free and may be received in flexible ways
  8. Backed by the U.S. Government or Major Financial Institutions
  9. No affect on Social Security or Medicare
  10. Home improvements and modifications
  11. Able to purchase gifts for grandchildren and family
  12. Travel and vacations
  13. Purchase a new car!
  14. Able to fund educational needs for your family
  15. Purchase a new home or vacation property
  16. Obtain Health and Long Term Care Insurance
  17. Consolidate, reduce, and pay off debts
  18. Easy to qualify – you and any co-borrower must be at least 62 years of age, own your home, and occupy the home as your primary residence
  19. There are NO income or credit qualifications.

  
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