Imagine Your Life Without House Payments!
Or…if you have all ready paid off your home, how would your life be better if you could get guaranteed monthly cash from your built up equity? Just think of the possibilities… You could supplement your overall income, make needed repairs or improvements, travel, buy a vacation home, give an early inheritance to loved ones while you’re still here to see the joy your gift brings to their lives. You can do whatever you want with the money, the choice is 100% yours. Get answers to all your questions here and then decide…How would you like to spend your extra cash?
The Money You Receive:
- 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 Trapped Equity
A reverse mortgage is a unique type of equity loan that can provide financial freedom and lifetime supplemental income for seniors 62 or older. Homeowners that have accumulated large amounts of equity over the years, can now tap into that asset through this type of loan and never make another monthly principal or interest payment as long as they live in the property.
See If You Qualify
Try our calculator to see how much money you might be eligible to get. Request a free personalized benefit summary to see the complete breakdown of all your options, and which one will give you the most money.
How Does It Work?
With this loan, the lender provides money to the homeowner based on the amount of equity in the property and the age of the owner(s). The senior does not have to sell the house, give up title or make monthly principal or interest payments. The payment stream is “reversed” and the lender makes payments to the homeowner as long as the senior continues to live in the property as his primary residence. There are no income, medical or credit requirements to qualify for a HECM. Learn everything you need to know about how they work here on our website.
Don’t Miss Out, Join the Thousands Who Have Benefited
HECM (Home Equity Conversion 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 using a these loans as a safe way to access the cash trapped in their homes without incurring additional monthly debt or having to sell or move out of their homes. AARP also reported that 93% of seniors that obtained these loans said they had a positive effect on their lives.
With no hidden costs and numerous safeguards mandated by agencies like HUD along with senior advocacy groups, many older Americans are discovering that these home equity mortgages are a safe financial solution worth investigating.
*IRS publications state that these 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.