When you apply for a loan, the bank looks at your assets to see how much money you have tied up in your possessions. In the eventuality that you default on your payments, they know that you have the ability to produce the cash you need by selling your assets. See how much of the equity from your home you can turn into cash with Reverse Mortgage America.
With a reverse mortgage, there are no monthly payments to make and you retain ownership of your home. The idea is that you remain in your home until the time of your choosing, and then the bank takes back the money you borrowed from the selling price of your home. For this reason, reverse mortgages are only available to homeowners over the age of 62.
Find out how much tax-free cash you can free up for retirement based on the value of your home with a free quote from Reverse Mortgage America.
This offer is only valid for residents of:
- United States