Reverse Mortgages
For homeowners aged 62 and older, allowing them to convert home equity into tax-free income.
Reverse Mortgages are designed for homeowners aged 62 and older, allowing them to convert home equity into cash without selling their home. These loans provide tax-free payments, which can be received as a lump sum, monthly payments, or a line of credit. The loan balance is repaid when the borrower moves out or sells the home. Reverse mortgages are a great financial tool for retirees looking to supplement their income, cover medical expenses, or eliminate monthly mortgage payments.