What is a reverse mortgage?
A reverse mortgage is a loan that allows homeowners over the age of 62 to access a portion of their home equity. Seniors may choose to receive monthly payments, a growing line-of-credit, lump-sum, or a combination of all three at closing.
What Can A Reverse Mortgage Be Used For?
What are you responsible for in a Reverse MOrtgage?
Responsibilities include the following:
- Property taxes, homeowner insurance, and HOA fees (if applicable) must always be current.
- The home must be maintained.
- The home must be your “primary residence”.
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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