Know the Reverse Mortgage Facts

Whether seeking money to finance a home improvement, pay off a current mortgage, supplement their retirement income, or pay for healthcare expenses, many older Americans are turning to “reverse” mortgages. They allow older homeowners to convert part of the equity in their homes into cash without having to sell their homes or take on additional monthly bills.

In a “regular mortgage", you make monthly payments to the lender. But in a “reverse mortgage", you receive money from the lender and generally don’t have to pay it back for as long as you live in your home.

For a free booklet and education packet about Reverse Mortgages, please call 1-888-973-8377.