How a Reverse Mortgage Works:

• Pays off current mortgage.
• No Mortgage payments required, pay just your taxes and home insurance.
• You still own your home.
• Interest accrues just like a standard mortgage.
• Accrued interest is added to your balance over time.
• Possible lump-sum cash out.
• Line of credit available
• Fixed and Adjustable rates
• Home transfers to heris upon death, just like a standard mortgage
• No minimum credit score or income qualification

Who Qualifies for a Reverse Mortgage?

• Age 62 +.
• Equity requirement based on age.
• Primary residence only.

Will I Lose My Home?

No, you maintain ownership in your home. Upon leaving the home you, or your heirs, will have the ability to payoff the remaining balance, just like a regular mortgage.