Reverse Mortgage

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What is a Reverse Home Mortgage?

A reverse mortgage is a type of loan in which senior citizens can access their home equity and convert it into cash to improve their finances. This allows for senior citizens to convert their tax-free loan proceeds to use it for a more joyful retirement, while staying in the comfort of their home. The loan generally does not have to be repaid until the last borrower no longer occupies the home as their primary residence and the loan amount will never exceed the market value of the home.

Top 6 Benefits

Immediate access to home

equity (ca$h)

Retain Home Ownership

No monthly mortgage payments

Retire in the comfort of your own home

Delay Social Security

Benefits

Protect your equity and estate through a life insurance policy

Reverse Mortgage Qualifications

You must be 62 years of age or older.

You must own your home or have a large

amount of equity

You must occupy the home as your primary

residence for the duration of the loan

You must complete a financial assessment

©2018 by Nationwide Home Loans, Inc. 

Loan terms and credit approval may vary depending upon loan amount. In determining your actual loan amount,, we will consider your ability to repay by looking at your income, debts, credit history and other financial obligations.
 

Nationwide Home Loans, Inc.
NMLS ID: 331347