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What is a Reverse Mortgage? A sure safety net. A Reverse Mortgage allows homeowners 62 years and older to access a portion of the equity that has built up in the home, and convert it into tax-free income without taking on any monthly mortgage payments or selling the home. The actual amount of the benefits homeowners may receive are driven by three main factors: The appraised value of the home, the youngest borrower’s date of birth, and the current interest rate of the 10-Year Treasury Bond Index. Funds may be taken in the form of a lump sum payment, a monthly distribution, or a line of credit, or a combination of all three. 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. |
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Us Reverse Mortgage Links: What is a Reverse Mortgage? How Does a Reverse Mortgage Work? How You Can Use the Proceeds of a Reverse Mortgage Why Should You Apply For a Reverse Mortgage? Reverse Mortgage FAQs Resources to Learn More About Reverse Mortgages Traditional Mortgages Are Also Available |
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Great Oak Mortgage Corporation
3098 Piedmont Road, N.E., Suite 150
Atlanta, Georgia 30305
1-866-6-REVRSE
1-866-673-8773
404-231-3933
Great Oak Mortgage Corporation, a Georgia Residential Mortgage Licensee # 5968
© 2008 Great Oak Mortgage Corporation
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