Are you over 62 and looking for a way to access the equity in your home?

We can provide you a cash out option that gives you $4,000,000 in cash with our reverse mortgage!

A reverse mortgage may be the right solution for you! Here are 10 benefits of a reverse mortgage:

  1. Provides a source of income: Reverse mortgages allow you to access the equity in your home and use it as a source of income.

  2. No monthly mortgage payments: You don't have to make monthly mortgage payments with a reverse mortgage.

  3. You retain ownership of your home: With a reverse mortgage, you retain ownership of your home.

  4. Tax-free income: The money you receive from a reverse mortgage is tax-free.

  5. Use the money for any purpose: You can use the money from a reverse mortgage for any purpose, such as home repairs, medical expenses, or travel.

  6. Flexible options: There are several options to choose from, such as a lump sum, a line of credit, or a combination of both.

  7. No credit or income requirements: Unlike traditional mortgages, there are no credit or income requirements for a reverse mortgage.

  8. No impact on Social Security or Medicare benefits: A reverse mortgage does not affect your Social Security or Medicare benefits.

  9. Non-recourse loan: Reverse mortgages are non-recourse loans, which means that the lender cannot go after your assets or the assets of your estate to repay the loan.

  10. Professional advice is available: Reverse mortgages are a complex financial product, so it's important to seek professional advice before making a decision.

A reverse mortgage is a financial product that allows homeowners who are 62 years of age or older to access the equity in their home and use it as a source of income. With a reverse mortgage, the borrower does not have to make monthly mortgage payments and retains ownership of the home. The money received from a reverse mortgage is tax-free and can be used for any purpose, such as home repairs, medical expenses, or travel.

You can use the money anyway you see fit. 

  • Pay expensive health care costs
  • Make upgrades to the house without the need of working and qualifying the traditional way for income 
  • Cash out of the property in order to offset death taxes 
  • Cashing out is tax free so the money received isn't consider income
  • Reduce tax liability  

There are several options to choose from with a reverse mortgage, such as a lump sum, a line of credit, or a combination of both. Unlike traditional mortgages, there are no credit or income requirements for a reverse mortgage. Additionally, a reverse mortgage does not affect Social Security or Medicare benefits, and it is a non-recourse loan, which means that the lender cannot go after your assets or the assets of your estate to repay the loan.

It is important to note that a reverse mortgage is a complex financial product and it is recommended to seek professional advice before making a decision. If you're interested in learning more about reverse mortgages and how they may benefit you, please contact us for more information and to schedule a consultation.

If you're interested in a reverse mortgage, please connect with Carlos Campos, Managing Director and he will provide you a quote right away. 

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Property Information

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How to determine the max loan amount for a reverse mortgage or home equity conversion mortgages?

The max loan amount is determined by age of the youngest borrower, or eligible non-borrowing spouse current interest rate, and the lesser of the appraised value, FHA mortgage limit, or the sales price.

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