Personal » Borrowing » Mortgages » Reverse Mortgages

About Reverse Mortgages

With a Reverse Mortgage loan, qualifying homeowners 62 years of age or older that have equity in their home can gain the financial security to live life comfortably in their own home and handle unexpected expenses with ease.

How can you benefit from a Dollar Bank Reverse Mortgage? You’ll be able to live financially independent with these advantages:

  • Ability to maintain home ownership and continue to live in the home (payments for taxes, insurance and other property charges must still be paid on time)
  • Pay off your current mortgage and have no monthly mortgage payments (payments for taxes and insurance must still be made)
  • Receive the money tax-free and use it to supplement your monthly income or pay medical expenses*
  • Limited income and credit qualifications

This advertisement was not directly provided or approved by the U.S. Department of Housing and Urban Development (HUD), the Federal Housing Administration (FHA) or any other government agency. All information in this advertisement has been reviewed and approved by Dollar Bank’s Reverse Mortgage Professionals to be true and correct.

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Dollar Bank serves areas surrounding northeast Ohio, western Pennsylvania and the Hampton Roads community in Virginia.

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