What is a Reverse Mortgage? A low-interest federally insured loan that allows senior homeowners to convert a portion of the equity in their home
into tax-free cash.
Who Can Qualify for a Reverse Mortgage?
Borrower(s) MUST BE 62 years of age, or older
Must occupy the home as your principal residence
No repayment for as long as you occupy your home
Reverse Mortgages Require No Monthly Payments.
You are responsible to maintain your home, pay your real estate property taxes and carry homeowners insurance.
Why Consider a Reverse Mortgage? Since your home is most likely your largest single investment, you should know about all of your
available options to decide if this safe and highly regulated government program is right for you.