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Reverse Mortgages: Smart, Safe and Easy

A reverse mortgage is a special kind of mortgage loan for seniors. It is a safe and easy way to turn your home equity into cash. 

Unlike a home equity loan, you do not have to make monthly payments.  Instead, a reverse mortgage pays you.  More importantly, you do not have to repay the loan for as long as you live in your home.

How can you benefit from a reverse mortgage? Ask yourself these few simple questions.

Do I own my home?
Am I at least 62 years of age?
Do I want to live in my home as long as possible?
Is my mortgage fully paid or almost paid?
Could my family and I benefit from extra income?

If you answered yes to these questions, you need to talk to a certified senior advisor. 
 

This information was provided by Chuck Pharris a member of CSA. Certified Senior Advisors. Link.

 

The following links will provide you with more educational information on the reverse mortgages.

 
AARP Reverse Mortgage Information. Link
National Reverse Mortgage Lenders Association. Link
Elder Care Network of Larimer County. Link
 
 

 

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Last modified: May 21, 2007