Monday, February 7, 2011 -
Article by:
Rich Constantine - Home Savings of America -
Are you eligible?
Age 62 or older
All borrowers must be titleholders
Occupy the property as primary residence
No credit score or income requirements*
Home must be an eligible property type
Now's not the time to worry about finances. With a reverse mortgage, you can access a portion of the available equity in your home without having to sell the home, give up the title or incur an additional mortgage payment. Your home still belongs to you; your Social Security and Medicare benefits are not affected; plus, there are no income or credit score requirements*.
Use the tax-free* proceeds however you wish, such as to cover medical expenses, in-home care, home improvements, or as supplemental income.
Start enjoying worry-free retirement! Call our Community Banking Team Today.
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Reverse Mortgage Calculator
Step 1 & 2 of this calculator determine if you are eligible for a Reverse Mortgage