Benefits of a Reverse Mortgage
No Monthly Mortgage Payment
Eliminating monthly mortgage payments can significantly boost your monthly cash flow.
You retain ownership interest in your home, just as you would with any other mortgage loan.
You can use proceeds for anything you choose.
*As with any other mortgage loan, Borrowers are responsible for paying property taxes, homeowner’s insurance, and for home maintenance.
Reverse mortgage proceeds can be used to pay down higher-interest debt, such as credit cards.
If you have essential repairs or upgrades that need to be made on your home, a reverse mortgage could be used to fund those expenses.
Extra Spending Money
Are you dreaming of owning a brand new car, RV or boat? Or maybe you have your sights set on taking that dream vacation? Whatever your desire, the choice is yours!
If you could use some extra cash to help cover living expenses, a reverse mortgage could be a way to access some of the value in your home without having to sell it.
Long-Term Care Costs
A reverse mortgage may be a helpful solution to consider if you or your loved one requires ongoing care and additional funds to cover those expenses.
How people are using a Reverse Mortgage to boost retirement.
During our free, no obligation, reverse mortgage consultation, we will take the time to fully understand your financial situation and goals. This consultation will allow us to develop a customized plan that is specifically designed to meet your individual needs, giving you the knowledge and confidence to make informed choices about your financial future.
We will guide you through the required HUD approved counseling, which provides unbiased advice from a qualified counselor. This reinforces the information provided by our reverse mortgage specialists and ensures your peace of mind.
Upfront we will discussing loan options, terms, rates, costs, required documentation, and explaining the process step by step. We will keep you updated and answer any questions you may have.
We aim to simplify and educate you throughout the process of reverse mortgage financing. Our assistance doesn't end at closing; we provide ongoing support and build lasting relationships with YOU.
The team here at Capital Reverse Mortgage is a dedicated group of professionals committed to helping seniors navigate difficult life-changing circumstances and hardships. With years of experience in the mortgage industry and a deep understanding of the unique needs of seniors, our team is here to guide you through every step of the reverse mortgage process.
Whether you're looking to supplement your retirement income, pay for healthcare expenses, or simply enjoy a more comfortable lifestyle, we can help you navigate the complexities of reverse mortgages and find the solution that's right for you. So don't hesitate to reach out to our team today -- we're here to help!