Empowering Retirement With Your Home Equity

Empower your retirement with the strategic utilization of a reverse mortgage. This financial tool allows homeowners to leverage their home equity, providing a reliable source of tax-free income during their golden years. By unlocking the value of your home, a reverse mortgage enables you to enhance your financial security, cover essential expenses, and maintain a comfortable lifestyle. With the flexibility to receive funds as a lump sum, monthly payments, or a line of credit, you gain control over your financial future. Navigate retirement with confidence, knowing that a reverse mortgage can be a powerful instrument to support your needs and aspirations, allowing you to savor the fruits of your hard-earned homeownership.

No Monthly Mortgage Payments- For Life!

Buying or refinancing a home with a reverse mortgage offers a unique financial approach for older homeowners. Eligible individuals can use this loan to refinance their current home or even finance a new home- with no monthly mortgage payments. This allows them to access home equity, downsize, relocate, or move into a more suitable property without the burden of a traditional monthly mortgage payment. Refinancing with a reverse mortgage provides benefits like accessing additional funds, eliminating monthly mortgage payments, and increasing financial flexibility. Both options offer opportunities for seniors to enhance their living situations and better manage their finances during retirement, providing a distinctive pathway for homeowners to leverage their home equity.

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Information For Families

Is your older relative considering a reverse mortgage? Learn what that could mean for you, and how you can help them through the process.

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Reverse for Purchase

Many older homeowners want to downsize but don’t see how they can. A reverse mortgage can help avoid that problem.

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Your Reverse Mortgage Quote

Learn how a reverse mortgage can work for you now, through retirement, and leave a legacy for those you love.

Benefits of a Reverse Mortgage

  • No monthly mortgage payments

  • Cash to help with costs of living

  • Keep your home

  • Growing line of credit

  • Sell at any time

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How A Reverse Mortgage Works

A reverse mortgage is a financial mechanism that allows homeowners aged 55 and older, to convert a portion of their home equity into tax-free funds. Unlike traditional mortgages, a reverse mortgage pays the homeowner with their home equity. The loan is repaid when the homeowner sells the home, moves out, or passes away so the homeowner can live the rest of their life with no monthly mortgage payments. This innovative financial tool provides retirees with the means to tap into their home’s value without the burden of immediate repayment, offering financial flexibility and a way to supplement retirement income.

Deploying Your Funds

There are many ways to use this loan strategically but one way is the coordinated withdrawal strategy. It involves integrating your home equity into a comprehensive retirement plan, offering a strategic approach to managing finances. By leveraging your home equity, retirees can optimize their cash flow while preserving other assets.  This approach aims to maximize the longevity of financial resources and ensure a sustainable income stream throughout retirement. The coordinated withdrawal strategy provides flexibility, offering a valuable safety net that can be activated strategically, contributing to a more secure and comfortable retirement.

How To Apply For A Reverse Mortgage 

Applying involves a structured process to help homeowners access the equity in their property. First, potential applicants must meet the eligibility criteria and gain a loan estimate. The next step is to attend a mandatory counseling session with an approved housing counselor to gain a thorough understanding of the loan implications and obligations. Following counseling, applicants can choose a lender and initiate the formal application process, which includes a home appraisal. The lender evaluates the property’s value and the homeowner’s ability to meet ongoing obligations such as property taxes and insurance. Once approved, the loan is finalized, and funds are disbursed according to the chosen payment option. Get in touch with us today to learn if you are eligible to apply!

See What You Qualify For Now!


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TESTIMONIALS

What People Are Saying

If I ever need a reverse mortgage I would 100% go to Christina. If I ever know anyone else who needs a reverse mortgage, I would tell them to go to Christina. This review might sound overly effusive, but I mean every word. She was fantastic. Her advice, knowledge, and generosity saved my neighbor’s home.

Rona B.

★★★★★

Extremely daunting but all the less so when you have good people willing to slow down and explain things, elaborate on the pros and cons of different options. That’s who Angela Wyckoff is for me in this process- someone on my team, in my corner. Thank you!

Frida L.

★★★★★