Reverse Mortgage

Homeowners age 62 or better. Convert your home equity into cash.

  • Seniors will never have to leave their home
  • No income qualification
  • No monthly mortgage payments are made
  • No repayment of the loan until the last borrower moves out permanently or passes away
  • Proceeds are tax-free and can be paid in lump sum payment, monthly payments, line of credit or combination*
  • Equity is tax-free
  • Interest may be tax-deductible upon loan repayment**

*not all products and options are available in all states
**consult your tax advisor

How a Reverse Mortgage Works:

  • Loan proceeds available to the borrower are based on three main factors:
    • Age of homeowner(s)
    • Value and location of home
    • Current interest rates
  • Loan is prepaid at permanent move out, and repayment never exceeds value of home
  • Amount repaid is principal, accrued interest and service fees.

Contact Marty Plante, our Reverse Mortgage Professional.

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