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It’s no secret that the current market has adversely affected people’s financial outlook. Inflation has caused prices to go up, from groceries to gas, and it’s currently lingering at a level we haven’t seen in 40 years.
But what does that mean for you? Well, it doesn’t mean you have to sit by as prices continue to rise and purchasing power decreases. By utilizing your home equity, you can increase your cash flow, consolidate debt, and fund large purchases or unexpected expenses.
Your reverse mortgage loan is customizable meaning you choose how to receive your funds, either as a lump sum, line of credit, monthly advances or any combination of these.
With the flexible payment option, you decide how much or how little to pay each month towards your reverse mortgage loan principal and interest. Or you can choose to make no monthly loan payment at all.¹
With no pre-defined loan maturity date, you can pay down the loan at any time, or defer repayment.
The amount you can receive generally depends on four factors: your age, the current interest rate, the appraised value of the home, and government-imposed lending limits.
Discover how you can achieve the retirement you deserve with flexible home financing solutions
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I just so happen to have a reverse mortgage. The best thing I ever did in my life.
You get to stay in the house and that's a really good thing. Especially since you still own the house.¹
It's a mortgage, or it's a line of credit, but with flexibility. I haven't heard yet any reason why I shouldn't pick this product.