Reverse Mortgage Facts
Reverse Mortgage Facts
- Eligibility: Age 62+
- Gives you access to cash from your home
- Eliminates mortgage payment
- Guaranteed, Insured and Regulated by the FHA
- Has no effect on Social Security, Medicare or Pension income
- Multiple ways you can receive the money (lump sum, monthly payments, line of credit)
- Stay in your home and own your home without ever making another monthly mortgage payment
- Remember, like any homeowner, you are still responsible for taxes, insurance & maintenance
- Money you receive is 100% Tax Free
- You and your heirs are never put into a negative debt position