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Reverse Mortgage Pros and Cons

Reverse Mortgage Pros and Cons

November 17th, 2015

Reverse Mortgage

What exactly is it? Money that you take out from the equity of your home.

You have worked hard, paid off your mortgage or a good portion of it and now you have some equity.

A reverse mortgage is like a line of credit but the good news is you don't have to pay it back.  You can pull out a portion of the equity enjoy life a little, you can stay in your home until forever without paying it off.  At a later time if you need to take more money out and the value of your home has increased you can do another reverse mortgage.  What about your heirs, once you pass away can they buy the house back or refiance it to pay off the money taken out?  Yes, they can and retain the home back.  Please contact me for a free analysis of the equity and money that is available to you, answer all your questions and see if this reverse mortgage is beneficial to you.

Virginia Nickel 602.277.4545 vnickelfunds@gmail.com

With a reverse mortgage, you borrow against your equity. The loan balance grows over time. You don’t have to pay the loan while you live in the home and you maintain ownership of your home.

Enjoy a better life, determine your eligibility for a reverse mortgage today. Use our free calculator now!

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