🏡 What is a Reverse Mortgage? Let’s Break It Down! 💸

 Turn Home Equity Into Retirement Income — Without Monthly Payments

A reverse mortgage is a specialized loan that allows homeowners aged 55 and older to convert a portion of their home’s equity into cash — all while continuing to live in their home. Unlike a traditional mortgage, there are no monthly payments. Instead, the loan is repaid when the homeowner sells the property, moves out, or passes away.

• Receive funds as a lump sum, monthly payments, or a line of credit
   
• Keep ownership of your home with no monthly mortgage payments
   
• Loan amount depends on your age, home value, and interest rates
   
• Available to homeowners with significant equity or those who own their home outright
   

• At least 55 years old
   
• Primary residence only
   
• Must maintain the property and pay property taxes & insurance
   
• Financial assessment required
   

Reverse mortgages can provide peace of mind and financial flexibility in retirement, but they’re not for everyone. It’s important to understand:

• Interest accrues over time and reduces home equity
   
• Fees and closing costs may apply
   
• May affect eligibility for certain government benefits
   
• Can impact what you leave behind to heirs
   

If you're looking to supplement retirement income, eliminate a monthly mortgage payment, or establish a standby line of credit for future needs, a reverse mortgage could be a smart solution.

Let’s talk about your goals and see if this option fits your long-term plans. You’ll get clear answers, trusted advice, and no pressure.

Schedule a Free Consultation or Call Now to Learn More About Reverse Mortgages