How does a reverse mortgage work?
Conventional mortgages require monthly payments to the lender. A reverse mortgage does not. Depending on how the loan is structured, you may be able to receive payments from the lender!
KEY BENEFITs of A REVERSE MORTGAGE
Funds received from a reverse mortgage are tax-free and may be used for whatever purpose you choose.
3 Types of Reverse MOrtages
Single Purpose Reverse Mortgages
The least expensive option, but these loans can only be used for one purpose, as determined by the lender.
Proprietary Reverse Mortgages
A proprietary reverse mortgage is an excellent option for high-valued homes! Generally, they provided a greater amount of funds for homeowners!
GETTING STARTED TIPS
Choosing the type of reverse mortgage that is most appropriate for you may be determined by your goals. Questions are always welcomed!
ENJOY RETIREMENT YOUR WAY
Discover Reverse Mortgage
Jeannette offers a 30-minute, NO OBLIGATION consultation to see if a reverse mortgage could be a “good fit” for you. Family members are welcome to join in!Schedule a Call with Jeannette