A Reverse Mortgage can help homeowners 62 years of age and older to plan their financial future. You may be able to stay in your home and receive money from the lender, and generally don’t have to pay it back for as long as you live in your home. While Taxes and Insurances must still be paid, you can elect to have these paid on your behalf from the equity of your home.
More and more Seniors are choosing a Reverse Mortgage home loan to give them financial freedom. Reverse Mortgages are low rate FHA-Insured mortgages that relieve you of any future payments by using the equity in you home. If you would like to stop paying mortgage payments and enjoy retirement then this home loan may be right for you.
For more information on a Michigan Reverse Mortgage, call 800-555-2098 or apply online today!