Reverse Mortgage

A New Cash Out Option For Seniors

If you are a senior looking to cash out for retirement, look no further, the Reverse Mortgage is here.

Who is eligible?

Seniors citizens starting  at the age of 62

Must occupy the home  as their primary residence for the majority of the year and own the  home outright or with a relatively low mortgage balance that must be  paid off through the proceeds of the reverse mortgage.

If you are concerned  about income requirements you will not have to worry about that with  a reverse mortgage.  This is the reason why this mortgage was created.   Reverse mortgages differ from conventional mortgages, because it pays  you and is available in spite of of your income.

How much money can you get?

The amount of money you can get from your home’s equity is determined by the following factors:

  • Your Age
  • Home’s Value
  • Location
  • Current Interest Rates