Reverse mortgage loans were created to help people use the
equity they have built up in their home to pay off debts (including traditional mortgages),
cover basic monthly living expenses, pay for healthcare or fund activities that may otherwise be out of reach unless they sell their home.
There are no restrictions on how a borrower may use their reverse mortgage proceeds. Ask us about the Reverse Mortgage’s “Non-Recourse loan” provision where no debt passes to heirs or the estate, or the Line of Credit Growth feature… There are many features to discuss with you and your family.
When you are ready for loan scenarios that are personalized to your goals, just give us a call. Be Retirement Ready!