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Reverse Mortgages

Here are 6 great ways that a reverse mortgage can help you:

  • Purchases of principal residence – right-sizing/relocating and requires additional funds
  • Helping family – providing funds to family for down payments and no worries about payments
  • Purchase of 2nd property – utilizing equity from your primary residence to put towards a vacation / rental property
  • Eliminating debt – for those who are struggling with cash flow and not enjoying their retirement
  • Home renovations – renovating to remain in the home or simply updating
  • More Income – additional income (Tax Free) to cover expenses and enhance lifestyle
    Quick reminder of key qualification criteria:
  • ü 55+ – both spouses or all on title
  • ü Own your home
  • ü Use your home as principal residence