What is a Reverse Mortgage?
A Reverse Mortgage is a special type of home loan that lets you convert a portion of the equity in your
home into cash. The equity that built up over years of home mortgage payments can be paid to you. But
unlike a traditional home equity loan or second mortgage, no repayment is required until the
borrower(s) no longer use the home as their primary residence.
You can also use a Reverse Mortgage to purchase a primary residence. Eliminating a monthly mortgage
payment and keeping the cash to use for other things such as providing additional monthly income.
A Reverse Mortgage is a special type of home loan that lets you convert a portion of the equity in your
home into cash. The equity that built up over years of home mortgage payments can be paid to you. But
unlike a traditional home equity loan or second mortgage, no repayment is required until the
borrower(s) no longer use the home as their primary residence.
You can also use a Reverse Mortgage to purchase a primary residence. Eliminating a monthly mortgage
payment and keeping the cash to use for other things such as providing additional monthly income.
Affiliated Bank - Reverse Mortgage
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| Click the link below to read what HUD has to say about a Reverse Mortgage |
Are You House Rich
and
Cash Poor?
A Reverse Mortgage may be right for you!
Put the Gold back in your
Golden Years.
A Reverse Mortgage can
eliminate your monthly
mortgage payment,
eliminate credit debt,
provide additional
monthly income, pay for
medical expenses, or
provide funds for
whatever you want to do
without Restrictions.
The money received
from a Reverse
Mortgage does not affect
Social Security or any
other income you may be
receiving now.
Golden Years.
A Reverse Mortgage can
eliminate your monthly
mortgage payment,
eliminate credit debt,
provide additional
monthly income, pay for
medical expenses, or
provide funds for
whatever you want to do
without Restrictions.
The money received
from a Reverse
Mortgage does not affect
Social Security or any
other income you may be
receiving now.
Call us for answers to
all your Reverse
Mortgage questions:
Rick Koehn
Direct 254-733-9620
Kristine Koehn
Direct 254-733-9231
all your Reverse
Mortgage questions:
Rick Koehn
Direct 254-733-9620
Kristine Koehn
Direct 254-733-9231
| How much will I qualify for? Use this calculator to see how much you may be able to get with a Reverse Mortgage |
