As an older American homeowner, you have likely invested significant time and money in your home over the years, and it’s only natural that you want to leverage that investment to support yourself and your family in retirement.
Our website is designed to educate you about how a reverse mortgage loan works, how it can help you access the equity in your home, providing you with a stream of tax-free cash proceeds to supplement your retirement savings or to meet other everyday financial needs you may already have now.
Better Understanding Reverse Mortgage
Unlike traditional mortgages, a reverse mortgage loan allows you to receive payments from the equity in your home, and you do not have to make monthly payments (the borrower is still responsible for paying property tax and insurance). Instead, the loan is repaid when you cease using your home as your principal residence, when you otherwise default on the loan terms, or when you or your spouse pass away.
We understand that the decision to pursue a reverse mortgage loan can be a complex financial situation. That’s why we’ve developed a comprehensive reverse mortgage calculator to help you determine if this type of loan may be the right fit for you.
Our calculator is easy to use and provides you with an instant estimate of your eligibility, based on your age, the value of your home, and other contributing factors. To get started, simply input your information into our calculator, and within seconds, you’ll receive an estimate of how much you could potentially receive in a reverse mortgage loan. You’ll also receive information on the estimated fees and costs associated with this type of loan.
But our website is more than just a calculator. We also provide a wealth of information and resources to help you navigate the reverse mortgage loan process. Our educational articles cover everything from the basics of reverse mortgages to the pros and cons of this type of loan, so you can make an informed decision about whether it’s right for you.
Take Advantage Of Your Home’s Equity
Don’t let your retirement dreams slip away because of a lack of cash flow. Contact us today to learn more about how a reverse mortgage may be able to help you access the equity in your home and live the retirement you deserve.
Request our free reverse mortgage handbook as a reference guide to use while you actively learn more about how this loan works and if it may be right for you.