Use your equity to support you so you can stay living in your home.
Do you own and live in your home?
Is your current home value over $1,000,000?
Do you need cashflow for your living expenses?
Are you over 60 years of age?
*** You do not need to be mortgage free, but your current mortgage must be less than 25% of your home market value to benefit from a reverse mortgage.
With a reverse mortgage you maintain title and ownership and can enjoy your home in retirement.
Downsizing can be costly both financially and emotionally.
No monthly mortgage payments are required.
Help improve cash flow by supplementing your income. *With investment income and other forms of income, there can be tax implications. Proceeds from a reverse mortgage are tax-free.
Provide family with an early inheritance. Help your children buy their first home.
Do repairs or renovations to your home.