So much can be achieved with today's Reverse Mortgages. They are specifically designed to help seniors access built-up equity in their homes and convert it to tax-free cash to be used for any reason. Now loan limits are up to 4 million and eligible age lowered to 55.
Unlike traditional mortgages, with a Reverse Mortgage, you have the option of making a monthly payment or having the payment made from your equity. Beyond accessing cash, this is a great way to pay off your existing mortgage with a new Reverse Mortgage and not be required to make a monthly payment if you don't wish to.
Here are some ways millions of American Seniors have used their Reverse Mortgage:
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