For most of our adult lives, many of us strive to achieve the American Dream – owning a home. Our homes are a symbol of achievement as well as a source of independence, comfort and a sense of control. Now you can use your home to support you! Reverses Mortgages are for those of us who are 62 or older and will allow us to tap the equity in our home to live mortgage free and pay you a monthly income for life. Reverse Mortgages allow you to live with the grace and dignity you deserve.
The Advantages of Reverse Mortgages
You have no monthly mortgage payments
You can live in your own home as long as you desire
You retain Title to you home/the bank does not own your home!
Use the money for whatever you choose
All proceeds are tax-free
No income or credit qualifications
With Reverse Mortgage Proceeds You Can…..
Pay off your Mortgage and have no mortgage payments
Help cover costs of Healthcare and In-Home Care
Use the money to improve your quality of life
Gift to your children, grandchildren or favorite charities while you are still living
Reduce your estate taxes
Calculate Reverse Mortgage Loan Amount
Additional Resources
NRMLA – National Reverse Mortgage Lender’s Association
www.reversemortgage.org
AARP – www.aarp.org/money/revmort
Fannie Mae – www.fanniemae.com
The National Council on Aging – www.ncoa.org
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