WHAT IS A REVERSE MORTGAGE?
A reverse mortgage can also be called a ‘Seniors Home Equity Release Loan’. A reverse-mortgage pays the borrower in installments or as a lump sum from the value of their home. A reverse mortgage is usually valid until the borrower sells the home or passes away.
WHY DO I WANT REVERSE MORTGAGE?
If you have value tied up in your home but require extra financing for general living expenses, helping your children, health care or any other reason, you may want to consider a reverse mortgage.
WHO WOULD BENEFIT FROM A REVERSE MORTGAGE?
A reverse-mortgage can work for anyone with value in their home that they want to release for immediate use.