A reverse mortgage allows you to take out some of your hard earned equity without having to sell your home. Your loan amount is based on your age and the amount of equity in the home. You must be 62 years old and have a significant amount of equity in your home to qualify for a reverse mortgage.
Your money can be given to you in a lump sum, as a line of credit, or in monthly installments. Call for more details.
This material is not from HUD or FHA and has not been approved by HUD or a government agency.