Sep 24, 2020
The Reverse Mortgage Helps You. Move Forward!
This type of mortgage is excellent for providing Freedom and Flexibility and Income.
Our clients use reverse mortgages to pay off their debts or existing mortgages and free up cash flow for other things.
Reverse Mortgages are different from HELOC's in that risk of non-renewals and cancellations are non-existent.
Homeowners keep all of the equity remaining in the home. 99% of the homeowners have money left over when their loan is repaid.
The right approach to reverse mortgages can be a valuable retirement income tool, turning your home equity into free cash.
The home's present value and the amount of time that's passed since the reverse mortgage was taken determines the equity remaining.
If you are at the time in your life where you want to retire, but still need a cash flow channel, a reverse mortgage could be the answer if you are a homeowner. The equity in your home becomes your regular income source.
Many professionals recommend a reverse mortgage to customers who would prefer to age at home or reduce their monthly mortgage servicing cost and want to supplement their income-tax-free funds.
To know more about reverse mortgages.
Contact Raj Sharma today to learn how you can make this possibility a reality!
We are always happy to help.