Reverse Mortgage Information
Imagine Your Life Without Mortgage Payments!
Or, if you have all ready paid off your mortgage, how would the quality of your life during retirement be improved if you could receive guaranteed monthly cash payments? Just think of the possibilities… You could supplement your overall income, make home improvements, travel, buy a vacation home, give an early inheritance to loved ones while you’re still here to witness the joy your gift brings to their lives. You can do whatever you want with your reverse mortgage money, the choice is 100% yours. Get complete
reverse mortgage information here and then decide. How would you like to spend your extra money?
Your Reverse Mortgage Money:
- IS NOT TAXABLE INCOME*
- NO REPAYMENT WHILE LIVING IN YOUR HOME
- CAN BE USED FOR ANY PURPOSE
- DOES NOT AFFECT YOUR SOCIAL SECURITY OR MEDICARE BENEFITS
Unlock Your Equity
A reverse mortgage is a unique type of home equity loan that can provide financial freedom and lifetime supplemental money for seniors 62 or older. Senior homeowners that have accumulated large amounts of equity over many years, can now tap into that asset through a reverse mortgage and never make another monthly mortgage payment as long as they live in the home.
Use Our Free Reverse Mortgage Calculator
Try our reverse mortgage calculator to see how much money you might be eligible to receive. Then request your free personalized benefit summary to see the complete breakdown of all your options, and which one will offer you the most money.
How They Work
With reverse mortgage loans, the lender provides money to the homeowner based on the amount of equity in the home and the age of the owner(s). The senior does not have to sell the home, give up title or make monthly payments. The payment stream is “reversed” and the lender now makes payments to the homeowner as long as the senior remains in the home. There are no income, medical or credit requirements to qualify for this type of mortgage. Learn all about how they work, here on our reverse mortgage information website.
Don’t Miss Out, Join the Thousands Who Have Benefited
Reverse Mortgages are gaining in popularity as seniors living on fixed incomes are facing the financial challenges of rising costs for health care, energy, and other daily expenses. According to an AARP survey, the majority of older Americans wish to live independently in their own homes for as long as possible. As a result, many seniors are utilizing reverse mortgages as a safe way to access the cash trapped in their homes without incurring additional monthly mortgage debt or having to sell or move out of their homes. AARP reported that 93% of seniors that obtained reverse mortgages said that the loans had a positive effect on their lives.
With no hidden costs and safeguards mandated by agencies like HUD along with the AARP Reverse Mortgage Education Project, many seniors are discovering that these mortgages are a safe solution worth investigating.
*IRS publications state that reverse mortgages are considered loan advances and not income. The money you receive is not taxable. It is advisable to consult a tax professional for more detailed information.
