Reverse Mortgage Highlights    

Your home is one of your biggest assets. A reverse mortgage may help qualified homeowners use a portion of that equity to create more breathing room in retirement without selling the home.  Whether your goal is to improve monthly cash flow, pay off an existing mortgage, prepare for future expenses, or simply explore your options, the first step is understanding how it works.

•   Use Home Equity Without Selling Your Home: A reverse mortgage may allow you to access available equity while remaining in the home.  
•   No Required Monthly Mortgage Payment: Monthly mortgage payments are generally not required as long as you continue to meet the loan requirements, including living in the home, maintaining the property, and staying current on property taxes, homeowners insurance, and other required obligations.
•   Flexible Ways to Receive Funds: Depending on the program and your eligibility, funds may be available as a lump sum, monthly payments, a line of credit, or a combination of options. 
•   Retirement Cash Flow Planning: A reverse mortgage may be worth reviewing if you want to supplement retirement income, improve monthly cash flow, or create more flexibility for future expenses.