Reverse Mortgages
73% of adults rank finances as the largest source of stress. With a reverse mortgage, you can use your home equity to reduce financial stress and build a brighter future.
In the past, Reverse Mortgages earned a terrible reputation, and many people still aren't aware of all of the protections and advantages that have been put in place.
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Reverse mortgages offer many benefits and protections that no other loan products on the market offer- all to benefit the homeowner and their legacy.
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They are available to individuals 55 or older buying or refinancing with a large amount of equity. If you'd like to learn more for yourself or someone you know, please reach out!
HOW IT WORKS
A reverse mortgage converts your home equity into usable cash,
similar to a home equity line of credit (HELOC). The unique benefit
of a reverse is that you don't need to pay back the loan month after
month. Instead, you pay it all back at the end.
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You don't make monthly
mortgage payments.
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You still pay your property taxes, insurance,
and other property charges, as well as
maintain the home.
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You live in the house as your
primary residence for as long as
you like/are able to.
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Meanwhile, the balance of the loan is
accruing with interest. The balance of the
loan accrues interest, which can be slowed
by making optional payments.
Still have questions?
We thought you would!
Reaching out to our team will get you the best and most accurate information quickly and clearly- but if you'd rather read a bit more for now, below are links to some additional information guides for you.
SELF-ASSESSMENT
IS A REVERSE
RIGHT FOR ME?
A reverse mortgage is a great solution for many, though not all. In the right situation, tapping home equity can be an incredible resource for finding new meaning and maximizing the possibilities of life.
Ask yourself:
D What are my retirement goals? How close am I to accomplishing them? 0 Is my home meeting my needs?
0 How long can I live in my home?
0 Do I want to leave my home to my kids? Do they want that?
0 Would an unexpected expense take me off track?
0 Am I still working just for the money? Is that how I want to fill my time? 0 Where will I be in 5 years? Where do I want to be?
D What excites me about life? Am I doing enough of it?
0 What dreams are left for me to chase? What's holding me back?
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Your retirement years are precious.
What are you doing with them? What could you be doing with them?
Need some inspiration? The next page shows how a reverse mortgage can be used to help you make the most of the road ahead.
