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Reverse Mortgage

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:

Kimberly Petrey

NMLS #392902

 (703) 425-1204 ext. 158

1(800) 231-8855

kpetrey@cumortgage.net

 

*Must own home as primary residence in VA, MD or DC.

**Please consult your tax advisor.

 

 
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