Did you know that, as a senior, you can use a reverse mortgage as a tool in your financial planning? Here are loan benefits you can enjoy when you supplement your retirement income with a reverse mortgage:
Some people believe that a lender takes ownership of your home in a reverse mortgage. This is false. You remain the owner as long as you comply with the loan conditions.
In a reverse mortgage, payments are given to you as long as you live in your home. There are no monthly payments like those in a traditional loan. The loan is repaid when you sell your home or move to another primary residence.
Have peace of mind that federal insurance covers your loan.
You can choose to receive funds in total, partial sum, line of credit, monthly payments, or a combination of any of these options.
For information purposes only. This is not an offer for extension of credit or a commitment to lend. Information and/or dates are subject to change without notice. | Financing is shown for comparison only. Rates and fees are subject to change without notice. | All loans are subject to borrower's credit approval and property qualification. Additional funds for reserves may be required. | Xpert Home Lending, Inc. | NMLS# 2179191 | CORPORATE: 1100 Satellite BLVD NW, Suwanee, GA 30024 | (417) 540-4858 | Equal Housing Opportunity | www.nmlsconsumeraccess.org
