Are you 62 years of age or older?

Do you need additional monthly or annual income?

A reverse mortgage is a government insured program used by millions of seniors nation wide. They provide income on a monthly or as-needed basis. The additional income can be used for any purpose, whether it is keeping bills current, medical expenses or to purchase a vehicle. The most popular aspect of a reverse mortgage is there is no new monthly payment.

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   Facts  and  Myths  of a Reverse Mortgage                                                                                                                       

Myth  #1 - I Could be forced to move from my home.                           

Fact - You and your spouse can live in the home until both die.

Myth  #2 - I can lose most of my equity.                                                           

Fact  - You can never lose any equity that has not been borrowed.

Myth  #3 - I'll have to claim the income on my taxes                                    

Fact  -  Any income received is not taxable it is tax free.

Myth  #4 -  My children will not be entitled to my equity when I die.        

Fact -  When both die, your heirs receive all equity not used.

Myth  #5 -  I have to take a lump sum I may not want or need.                   

Fact  -  You have many options, monthly income, Line of Credit, Lump Sum ect.