Reverse Mortgage Loans
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Benefits of a Reverse Mortgage
- Owner Must be at least 55 Years Old
- Includes Spouse Protections even if spouse is younger
- A Loan that Allows you to Access the Equity in Your House
- Does Not Require Monthly Payments
- Allows you to Get Monthly Payments to Help Pay for Bills
- Obtain a Lump Sum Cash at Settlement
- Obtain Monthly Payments for a set number of years
- You can Get a Line of Credit
- Some Combination of Lump Sum and Monthly Payments
- The money used from a Reverse Mortgage is Not Taxable
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Beneficios de un Mortgage Reversible
- Dueño Debe tener al menos 62 años
- Incluye Protecciones si su esposo/a es menor de 62
- Es un Prestamo que le Permite Accesar la Plusvalia de su Casa
- No Requiere Pagos Mensuales
- Le Permite Obtener Pagos Mensuales para Ayudar a Pagar Cuentas
- Obtenga una Suma Total al Cierre
- Obtenga Pagos Mensuales por Cierto Numero de Años
- Puede Obtener una Linea de Credito
- Alguna Combinacion de Cantidad Total o Mensualidades
- El Dinero Usado de un Prestamo Reversible No Es Taxable
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