Reverse Mortgage

If you are 62 years of age or older and have equity in your home, a reverse mortgage can turn that equity into cash, monthly income, a line of credit or a combination of the three. Unlike a traditional mortgage, you are not required to make monthly payments, there is no income qualification and proceeds are tax free. Best of all, you retain ownership of your home and can live there as long as you choose.

The funds can be used for anything, including:

Pay off an existing mortgage and other debt Long term healthcare and prescription drugs Property taxes Home repairs and renovations Cash reserve for emergencies

We will be happy to meet with you at your convenience to discuss your needs in confidence.  We find that the first meeting with a prospective client takes only about an hour to gather facts and get to know one another. It will be an hour well spent.

1 Consult your tax professional to determine the tax effect of a reverse mortgage.