What Is a Reverse Mortgage?
A sure safety net.
A reverse mortgage allows homeowners 62 years or older to use the equity that is otherwise locked up in the home, and convert it into tax-free income without having to sell the home. Funds may be taken in the form of a lump sum payment, a monthly distribution, or a line of credit. A reverse mortgage may greatly enhance both your financial independence and your quality of life—with no income, medical, or credit score requirements to meet.