The reverse mortgage can be a great way for qualified homeowners who are at least 62 years of age to access the equity in their homes.
The Reverse mortgage can be used to provide extra income to cover healthcare costs, home repair, or simply to improve your monthly cash flow. With a reverse mortgage, you continue to own your home, and neither you nor your heirs will owe more than its appraised market value at the maturity of the loan. Other benefits include, no monthly mortgage payments, the loan is not due ntil the last homeowner permanently leaves the home, no income qualifications and minimal credit requirements. The loan proceeds may be tax free and there are no limitations on how you use the funds.
I'd be happy to assist you in getting additional information on benefits of a reverse mortgage.
Just give me a call.
Don Powell, 678-362-3092
Comments(0)