Our Senior-to-Senior lending team consists of executives who have been around the block. They have the experience and knowledge to help other seniors make the right decision regarding a reverse mortgage.
To talk with a Senior-to-Senior lender today, call 877-998-9900.
Reverse Mortgage Loans
Put Your Home Equity to WorkOften, by the time people reach age 62 or older, they have plenty of home equity but limited cash flow. The ability to access the equity in a home may mean the difference between an enjoyable retirement and living a spartan lifestyle during the golden years. |
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If this sounds familiar, it might be time to consider a reverse mortgage. Also known as a Home Equity Conversion Mortgage (HECM), a reverse mortgage gives people who have significant equity in their homes access to cash which can be used in a number of ways:
- Supplement a fixed income for day-to-day living expenses
- Pay outstanding medical bills
- Cover the cost of home repairs to keep you house in good condition
- Fufill a dream to travel the world
- Pursue a hobby or special interest
A Reverse Mortgage is a Different Kind of Loan
There are no monthly payments because a Reverse Mortgage loan does not have to be repaid as long as the borrower owns and lives in the home. When the borrower moves out, the property can be sold or refinanced and the loan is repaid from the proceeds of that transaction.Funds from the loan can be accessed in a lump sum, in scheduled installments, or even with a debit card like a line of credit
Learn More
To learn more about Reverse Mortgages from CenturyPoint, follow one of these links:
Answers to Common Questions about Reverse Mortgages
