A Reverse Mortgage is a loan that allows eligible senior homeowners age 62+ to convert a portion of their home equity into a stable source of tax-free supplemental cash flow. A Reverse Mortgage gives you the ability to enjoy financial security and peace of mind, while remaining in your home during your retirement years.
You also have the freedom to use the money you receive however you want—there are no limitations*:
Supplement your retirement income
Pay off an existing mortgage or other existing debt
Pay for medical care, prescription drugs and in-home care
Cover large or unexpected expenses
Make home improvements and repairs
Travel to visit family and friends or take vacations
Contribute to your grandchildren’s college education
Live a more comfortable lifestyle
STATES
New York - NY
New Jersey - NJ
Georgia - GA
Florida - FL