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REVERSE MORTGAGE
RELIANCE’s Reverse Mortgage Program
You’ve worked hard to build the equity in your home. Now it’s time to make that equity work for you! A Reverse Mortgage helps homeowners ages 62+ take advantage of their home equity to retire with more financial freedom and flexibility. No more crunching numbers, no more figuring out the finances of retirement. Eliminate your monthly mortgage payments (Borrower still responsible for taxes and insurance), increase monthly cash flow, and reimagine the possibilities of retirement with a Reverse Mortgage.
Reverse Mortgage Highlights
- Access the equity in your home by:
- Taking out a lump sum of cash
- Receiving consistent monthly payments
- Opening a line of credit
- Or any combo of the above
- No monthly mortgage payments required
- Retain complete ownership of your home!
- No up-front appraisal cost
Reverse Mortgage Eligibility
Just like other home loans, Reverse Mortgages require that you and your home meet certain requirements.
Borrower requirements:
- At least 62 years old
- U.S. citizen or permanent resident alien
Property eligibility:
- Primary residency
- 2-4 unit single-family property, PUD, townhome, or condo
- Has sufficient equity (if you’re not sure, ask us!)
You will also be required to continue paying for your homeowners insurance, maintenance & any other fees like HOA dues, etc. This ad is not from HUD or the FHA and was not approved by HUD or any government agency.
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Benefits of a Reverse Mortgage
Reverse Mortgages offer numerous benefits to retirees. Besides, removing monthly mortgage payments, it can help enhance your retirement in other ways as well like allowing you to pay off high-interest debt, help family with expenses, travel around the world, and check all those items off your bucket list!
Learn more from our info kit and how it can help you!
VA LOAN
100% financing for eligible Veterans, Reservists and Active Duty Personnel
VA LOAN
100% financing for eligible Veterans, Reservists and Active Duty Personnel