What Can You Do With A Reverse Mortgage?
A Reverse Mortgage allows you to stop making mortgage payments while still living in the house and taking advantage of your property’s equity. A reverse mortgage, on the other hand, maybe used for so much more. Below you will find a list of other ways a reverse mortgage can benefit you in your retirement.
MORE INCOME Option for you
Enhance Retirement Income
A reverse mortgage is a great way to supplement your retirement income with tax-free funds available to you in several ways. Monthly payments, lump sum draw, a growing Line-of-Credit, or a combination of all three methods. You decide! As your needs change over time, it is possible to restructure how those funds are accessed at a very nominal fee. Also, reverse mortgages may be refinanced, giving homeowners an opportunity to possibly access additional funds as property values increase. Worth investigating how this could affect you, right?
TIME TO EXPLORE
Dream Vacations
Imagine traveling to dream destinations without financial worries! That is the dream of most people when they consider retirement. A reverse mortgage can make it possible to visit those “far away places” you’ve always wanted to visit. Ever consider taking your grandchildren on a vacation they’d never forget? Give it some thought! It’s your turn!!
GET RID OF DEBTS
Eliminate Debts
Having the burden of debt can be debilitating and overwhelming! A reverse mortgage might just be the answer you’ve been looking for! Although each situation is unique, typically the funds from a reverse mortgage can give you extra cash to live life to the fullest on YOUR TERMS. Life is short and should be enjoyed to the fullest. Let Jeannette help you break free from financial worry!
YOU DESERVE QUALITY CARE
Medical Expenses
Medial expenses can be challenging for anyone, especially those on a fixed income.
Turning to family for financial relief is not always the best option. Many seniors do not want to impose on their adult children who have expenses of their own! A reverse mortgage will help you remain independent
MOVE TO A PLACE YOU LOVE
Purchase a “New Home”
One of the great benefits of a reverse mortgage is that you can purchase a home near your grandchildren and friends! A reverse mortgage gives you the option to downsize or move into your dream home, securing funds without touching your retirement portfolio! Who knows, you may even have cash remaining after selling your existing home for new furniture too!
Reduce YOUR Payments
Refinance
With a reverse mortgage, you can refinance your existing home and access its equity for anything you want! And, the best part is, no monthly mortgage payments are required as long as you meet the requirements of the loan!
Just imagine having access to funds to make long-overdue home improvements…you finally have a way!
USE THE MONEY ANYWAY YOU WANT
And So Much More…
There are a variety of other ways to spend the cash from your reverse mortgage loan. A reverse mortgage simply enables you to select and prioritize what is best for you whether its eliminating debt, vacations, home improvements, or just peace-of-mind knowing you have cash readily available for any unexpected need! Now, that’s financial freedom!
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