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For many people a reverse mortgage can be a solid financial solution that may help eliminate financial concerns.

If you are 62 years of age or older and have equity in your home, a reverse mortgage can turn that equity into cash, a line of credit, monthly income or a combination thereof. Unlike a traditional mortgage, there are no required monthly mortgage payments and the proceeds are tax-free.* There is no income qualification. Best of all, you retain title to your home.

Potential reverse mortgage benefits:

  • Provides easy access to the equity you have built in your home.
  • Delivers increased tax-free* monthly income.
  • Eliminates required monthly mortgage payments.
  • Provides funds which may reduce month-to-month financial burdens.
  • Allows homeowner to live in their home.
  • Consult your financial advisor.