Benefits of a Reverse Mortgage:
- Use a reverse mortgage to purchase a new home
- All proceeds are received tax-free and are yours to use however you see fit
- Eliminate your monthly payment (assuming you continue to use the home as your primary residence)
- Qualification is based on your age and the appraised value of your property
- Home remains yours
Reverse Mortgage — increase your monthly income or:
- Pay off debts
- Contribute to the rising costs of medical care
- Make needed repairs to your home
- Have a financial safety net in case of unexpected emergencies
Let me help guide you through the often complicated process. I have put together a complete Reverse Mortgage eBook to guide you along each step. It includes everything you could want from eligibly questions, how to get started, costs associated with the process, and busting common Reverse Mortgage myths! Download the free eBook today
The Hendrick Team
Loan Officer | NMLS ID 202816
623-979-5523