WHAT IS A REVERSE MORTGAGE?
A Reverse Mortgage allows a senior homeowner (62+) to exchange a portion of the equity in their home for a Tax Free Income. A Reverse Mortgage has NO Monthly Payments required for as long as you live. A Reverse Mortgage provides Tax Free Cash that can be used for any purpose. With a Reverse Mortgage you retain the Title to your Home. That means with a Reverse Mortgage you can sell your Home at Anytime. A Reverse Mortgage allows you to receive the Cash in Monthly Payments, A Lump Sum, A Line of Credit, or a Combination of the above. A Reverse Mortgage does not affect Social Security and Medicare. With a Reverse Mortgage there are No Income, Credit or Health Qualifications.
THE PROCESS OF A REVERSE MORTGAGE