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Reverse Mortgage at a Glance
Borrower Requirements:
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Must be at least 62 years of age
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Must live in the home as a Primary Residence
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Must have Equity in your home
Facts:
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No Payments
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Loan proceeds are Tax-Free
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Borrowers Retain Title to the Property
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No Restrictions on Use of Funds
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Guaranteed No Debt Left to Heirs or Estate
Benefits:
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Supplement Income
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Hire In-Home care
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Buy a Car
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Update Your Home
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Buy a New Home
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Stay in Your Home For Life
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Payoff Existing Home Loan

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