Reverse Mortgage
A reverse mortgage allows homeowners 62+ to convert home equity into tax-free cash, often used for retirement income, home improvements, or other expenses, without requiring monthly payments.
THE DETAILS:
Designed for homeowners age 62 and older, a reverse mortgage can help you unlock the equity in your home or finance a new home purchase.
ADVANTAGES :
- Homeowners aged 62 and older can convert a portion of their home equity into tax-free cash
- Reverse mortgages offer various disbursement options, such as lump sum, line of credit, or monthly payments