A Better Mortgage

read moreA. The interest that accrues on your loan is generally deductible when the loan is repaid, which occurs when the last borrower permanently leaves the property. Consult your tax advisor for more information. A. Generally a reverse mortgage will not affect these or most other means-tested benefits as long as the monthly cash advances are fully spent every month and not accumulated. However, programs do vary by state, so we strongly encourage you to confirm with your local senior services agency that your benefits will not be affected.

read moreReverse mortgages are an excellent choice for homeowners who are age 62 and older and have an appreciable amount of home equity or own their home. Your retirement years should be spent without financial worry. Reverse mortgages allow the homeowner to hold onto their best-performing asset-their home! And you can do it while still living in your home and remaining the owner. Seniors can receive cash, a monthly income stream, and/or credit line by tapping into the equity in their home with reverse mortgages.