Personal » Additional Resources » Reverse Mortgage FAQs

What are the benefits of a Reverse Mortgage?

With a Reverse Mortgage, you’ll be able to live financially independent with these advantages:

  • Ability to maintain home ownership and live in the home as long as you wish
  • Pay off your current mortgage and have no monthly mortgage payments
  • Receive the money tax-free and use it to supplement your monthly income, or pay medical expenses*
  • Limited income and credit qualifications​

 

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