What is a Reverse Mortgage?

Reverse mortgages enable eligible homeowners to access the money they have built up as equity in their homes. They are primarily designed to strengthen seniors' personal and financial independence by providing funds without a monthly payment burden during their lifetime in the home.

The major eligibility requirements are that the applicant must be at least 62 years of age and own and occupy a home whose mortgage has been paid in full (or with only a very low mortgage balance remaining).

The Benefits of a Reverse Mortgage include:

• Tax-free funds for as long as you live in your home
• No loan repayment for as long as you live in your home
• No income, medical or credit requirements
• Retain ownership of your home for life; this is guaranteed as long as you maintain your home, and pay insurance and real estate taxes
• Choose a cash flow plan tailored to your needs
• No restrictions on how you may use the funds
• A tax-advantaged way to pass on part of your estate today

Please contact us today to see if a Reverse Mortgage
is right for you.