Would you like to stay in the home you are in, but free up some cash-flow?
If you are aged 62 or older and either own your home outright or have significant equity, this may be the right solution for you!
If you qualify, a portion of your home equity can be used as a Line of Credit or as a Lump Sum.
Some reasons to consider a HECM *reverse mortgage loan refinance may be:
1) Eliminate Monthly Mortgage Payments, although property taxes and homeowner insurance must be paid, and the home must be maintained.
2) Improve Cash Flow **Tax - Free! (The proceeds are a loan - not income.)
3) Long Term Care (If an insurance policy for long term care is out of your reach - this may be an alternative!)
4) Possible Increased Rate of Return in overall Retirement Investment Accounts, depending on your situation**
*Most, but not all, reverse mortgages today are federally insured through the Federal Housing Administrations Home Equity Conversion Mortgage (HECM) Program. This advertisement talks about HECM loans only.
** This advertisement does not consititue tax and or financial advice. Please consult a tax and/or financial expert for your specific situation.