What is a Reverse Mortgage?

A reverse mortgage

can be a great way to replace income during retirement, or help pay bills when a pension or savings isn’t enough. With a reverse mortgage there are no payments, and you can choose between a one-time advance, recurring advances on a monthly basis, or both. The funds can be used as you wish and the interest accrues until the home is sold or you and your spouse pass or move out, you can never owe more than the home is worth and burden your family with unexpected costs.

With a reverse mortgage you can re-model your home, cover monthly expenses, pay for your children/grandchildren's education, take a holiday, or pay off existing debts. To learn more read our article on 8 Interesting Ways To Use Reverse Mortgages

We also have a complete reverse mortgage tips guide and you can get your copy today by getting in contact with us!

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