Reverse Mortgage Options from MSCU

Who Can Benefit From a Reverse Mortgage?

If you’re at least 55 years old and are having cash flow challenges or running out of money you may benefit from a reverse mortgage.

If any of the following apply to you, please contact us today for a FREE consultation:

You can’t afford home health care and want to stay in your home.
You owe back taxes, forbearance, or credit card debt.
You’re getting a divorce but can’t afford to stay in your home.
Your spouse has passed away and your social security has been reduced, but you want to stay in our home.
You can’t afford to pay a HELOC that’s converted to full payments.
You want to buy a home for cash but don’t have enough.
You need more income than just social security.
You want to make repairs for your home.
You want to be more comfortable and not worry about money.

What Is A Reverse Mortgage?

A reverse mortgage enables homeowners 55 or older who are close to paying off their mortgage or own their home outright to take out a loan against the value of their home while they’re living in it.

Loan proceeds can be paid out in a lump sum at closing, monthly payments over time, or in a line of credit.

And during the loan period, the homeowner no longer makes mortgage payments. Instead, when the homeowner passes away, moves, or sells the house, the reverse mortgage loan principal and interest are due.

No More Mortgage Payments

Who Can Benefit From a Reverse Mortgage?

What Is A Reverse Mortgage?