Payment or No Payment what would you prefer?
Have you had a mortgage since you owned your home?
A regular refinance can help reduce your current mortgage payment, but you would still have a monthly payment consuming a significant portion of your fixed income. Couple that with the increased cost of living and, for most, there isnât much left over each month. Instead of a traditional refinance, maybe itâs time to consider a federally-insured Reverse Mortgage that has NO MONTHLY PAYMENTS REQUIRED. For decades you have put money into your home; maybe itâs time for your home to pay you back.
![100% Organic Ingredients](https://i0.wp.com/www.rmanswers.com/wp-content/uploads/2021/05/reverse-mortgage-loan-1.png?w=150&ssl=1)
Repayment Options
The Reverse Mortgage has no payments required but you have the flexibility to make payments if you want at any time with no prepayment penalty. You get to choose, not the lender, how much and when you pay.
![All-natural Fragrances](https://i0.wp.com/www.rmanswers.com/wp-content/uploads/2021/05/reverse-mortgage-loan.png?w=150&ssl=1)
High Flexibility
In additional to no monthly payments, you also gain access to a line of credit that can act as a cushion for future expenses or emergencies that you can use as needed.
![Up to 35 Hours of Burn Time](https://i0.wp.com/www.rmanswers.com/wp-content/uploads/2021/05/protection.png?w=150&ssl=1)
Non-Recourse Protection
The federal Reverse Mortgage is insured and guaranteed by the Federal Housing administration. It provides protection so youâll never owe more than what your house is worth when the loan is repaid.
STOP STRUGGLING! CONSOLIDATE YOUR DEBT
PUT AN END TO YOUR MONTHLY MORTGAGE PAYMENTS
While it is true that on average, older Americans have $12,490 in total non-mortgage debt (such as credit cards, medical bills and auto loans), they are not alone – 24% of all adults owe at least one type of loan or card balance*, so there might be someone else who could lend them some advice!
LET US DO A COMPARISON
REFINANCING OR A REVERSE MORTGAGE?
If youâre a homeowner who is at least 62 years old and would like us to do a FREE side-by-side comparison of a traditional refinance and a Reverse Mortgage, give us a call.
Making the decision to move forward was the hardest part. Now that Iâm done, it was the best decision I ever did in my life.
Jacqueline J.
Washington DC
Since I no longer have a monthly mortgage payment, I was finally able to retire.
Chris S.
Baltimore MD
I had people tell me not to do this, but my granddaughter did the research. I still own my home. Itâs just like any other loan except for the way you pay it back.
Bonnie S.
Annapolis