A reverse mortgage loan allows you to use a portion of the equity in your home to enhance and extend your retirement. If you currently have a mortgage, it could eliminate your monthly payment, although you are still required to pay property taxes, homeowners insurance and maintenance. You must be 62 or older, and meet limited credit and property qualifications.
Seniors are living longer and may not be able to afford to do the things they hope to with only their retirement funds or Social Security. Tapping into the equity you built in your home may be an excellent way to enjoy life! Call us today for a no-obligation consultation, and bring along your financial planner or your children. We are happy to talk you through this exciting opportunity.
To give anyone over the age of 62 good information about using the Fairway Reverse Mortgage product to enhance their remaining years and educate the public about what a Reverse Mortgage is and how it works.