Turn Equity into Cash with a Reverse Mortgage!
If you are a homeowner* 62 years of age or older, a reverse mortgage may be right for you!
Reverse Mortgages are increasingly recognized as a smart and safe way to convert the equity in your home into retirement income.
What is a reverse mortgage?
A reverse mortgage is a unique loan that allows you to convert a portion of the equity in your home into tax-free** funds, giving you greater financial flexibility and security for the future.
What can a reverse mortgage be used for?
- To supplement retirement income
- Home repairs or modifications
- Pay for medical or long-term costs
- Delay collecting Social Security, for larger monthly benefit
- Establish a line of credit that you can tap into as needed
- Purchase a new home
How will I receive my funds?
Depending on your qualifications and eligibility, you can receive your funds in a lump-sum distribution, a line of credit, monthly or term disbursements or any combination of these options.
To learn more about how a reverse mortgage could benefit you, please contact the reverse mortgage specialist:
(703) 425-1204 ext. 158
*Must own home as primary residence in VA, MD or DC.
**Please consult your tax advisor.