A Reverse Mortgage allows you to comfortably live in your own home and handle unexpected expenses without needing to depend on others.

  • Pay the costs of rising medical expenses including prescription drugs
  • Supplement your monthly income
  • Pay off your current mortgage and have no monthly mortgage payments (Payments for taxes and insurance must still be made)
  • Make home improvements and repairs
  • In-home care
  • Financial/estate tax planning
  • Help family with tuition costs or to purchase a home
  • Enhance your lifestyle

The homeowner chooses how they would like to receive their money from the equity in their home:

  • Receive a lump sum
  • Receive monthly payments for as long as they live in their home, maintain the property and make tax and insurance payments
  • Establish a line of credit to access funds as needed
  • A combination of the above

 

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Need Help?

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1-800-242-2265
Dollar Bank representatives are available Monday - Friday from 8:00 AM to 8:00 PM.

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