REVERSE MORTGAGE LOANS

If you are 62 years or older and a homeowner, 

you can greatly benefit from a reverse mortgage loan. This kind of lending product eliminates your current mortgage payment and may give you immediate access to a portion of your equity. You can use it to supplement your Social Security, pay medical expenses, travel, make improvements on your home or simply enhance your financial security. What’s more, as long as you live in the home and comply with the loan terms, you won’t have to repay the loan and never owe more than your home’s value.