Is A Reverse Mortgage Right For You? Find Out...
Did you know that, as a senior, you can use a reverse mortgage as a tool in your financial planning? Here are loan benefits you can enjoy when you supplement your retirement income with a reverse mortgage:
You Still Own Your Home.
Some people believe that a lender takes ownership of your home in a reverse mortgage. This is false. You remain the owner as long as you comply with the loan conditions.
No Monthly Payments.
In a reverse mortgage, payments are given to you as long as you live in your home. There are no monthly payments like those in a traditional loan. The loan is repaid when you sell your home or move to another primary residence.
Government Insured.
Have peace of mind that federal insurance covers your loan.
Enjoy Several Disbursement Options.
You can choose to receive funds in total, partial sum, line of credit, monthly payments, or a combination of any of these options.
Mark Liesner, RMLO ID #1445514, Licensed in Texas (but I can help in most states). Edge Home Finance Corporation, 4530 West 77th Street, Suite 365, Edina, MN 55435 NMLS ID#891464 Copyright © 2024. All Rights Reserved. Equal Housing Lender.This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates, and programs are subject to change without prior notice.All products are subject to credit and property approval. Not all products are available in all states or for all dollar amounts. #multimillonaire #240 If you are refinancing your existing loan, your total finance charges may be higher over the life of the loan. Other restrictions and limitations apply. Residential Mortgage Loan Originator.
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