Benefits of Reverse Mortgage
- Receive a lump sum of cash or monthly payments for life.
- No Income Taxes paid on the cash.
- Cash can be used however you choose.
- No income, credit or health qualifications.
- The HECM Reverse Mortgage is insured by FHA/HUD.
- No repayment as long as you live in your home.
- You retain the ownership of the property.
- Social Security and Medicare benefits are NOT affected.
- Your heirs receive the remaining equity after the lender is paid.