What is a Reverse Mortgage?
A reverse mortgage is a type of government backed loan in which those who are 62-years old or over and have equity remaining in their homes are able to obtain a mortgage at a very low interest rate in which the homeowner is no longer obliged to make monthly mortgage payments on their home. In addition, depending on the age and equity remaining on the property, the homeowner may also acquire cash out on the financing of the mortgage.
- Never make another mortgage payment again
- Acquire cash out for any purpose that suits your needs
- No Credit or Income Requirement!
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