How to Qualify for a Reverse Mortgage?
Reverse mortgages let older homeowners use the equity in their homes to fund their retirement. Despite this, reverse mortgages come with numerous rules and restrictions, including who can apply and how much they cost.
Who Is Eligible For A Reverse Mortgage?
Is it a good time for me to consider a reverse mortgage?
A reverse mortgage can be a good fit for you if you are able to meet the requirements above and the situations below applies to you.
Your home’s value is increasing dramatically
Having built up valuable equity in your home might make it possible for you to get a reverse mortgage while still leaving money for your heirs.
You plan to stay in your home for a long time
As with a regular mortgage, the loan entails significant upfront costs. In order to justify those costs, you’ll want to be certain that you plan to live in that home for an extended period of time.
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