HAS IT BECOME CHALLENGING TO REMAIN IN YOUR HOME DUE TO THE RISING COST OF LIVING?

With increasing costs of living, many seniors find that their social security and pension do not always carry them to the end of the month. If you are 62 or older, a reverse mortgage may not  only mean meeting your expense, but more importantly living well.

WHAT IS A REVERSE MORTGAGE?

A Reverse Mortgage with Interstate Home Loans is a government issued product that allows seniors to utilize the equity in their home with no monthly payment obligation, while you remain in the home. Call a reverse mortgage specialist today to see how you can reduce your monthly debt and enjoy home ownership in a whole new way!

WHAT CAN A REVERSE MORTGAGE BE USED FOR:

  • Pay for Medical Costs
  • Pay off existing mortgage (required as part of loan)
  • Pay Credit card debt or other bills
  • Purchase a home
  • Travel
  • Or simply to enhance your lifestyle!

To learn more about the many ways a reverse mortgage can be utilized, contact a Reverse Loan Specialist today at  (800)313-8618

IS A REVERSE MORTGAGE RIGHT FOR ME?

A Reverse Mortgage has many benefits to enhance your life. Our mortgage specialists are here to answer all of your questions and to design a solution that not only meets your short term goals, but aligns with your financial future.

Benefits

  • Continue to live in and own your home
  • Receive tax-free income from cash disbursements
  • Choose from lump sum, monthly income, or line of credit
  • Repay the loan at any time with no penalty
  • No Monthly Payments
  • No personal liability for repayment of the loan since it’s secured solely by your home (you and your heirs are not personally liable)
  • Pass the remaining equity in your home to your heirs

To find out which benefits apply to you, contact us today at (800)313-8618

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Licensed Mortgage Banker - New York State Department of Financial Services, NMLS ID #56315 | Connecticut Licensed Mortgage Lender | New Jersey Correspondent Residential Mortgage Lender