A reverse mortgage is a unique home loan product that has grown in popularity over the past few years. Your customers might find that a reverse mortgage is the best way for them to access the equity in their home. Our reverse mortgage specialist has years of experience of providing reverse mortgages to bank customers.
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Strengthen your personal and financial independence
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Help pay for healthcare or other needs
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You can never lose your home in foreclosure as long as you maintain the property tax and insurance payments, and any homeowner's association dues
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The loan is only paid or required to be paid when the house is sold by you or your heirs, or all applicants move out of the house
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A reverse mortgage does not affect your Medicare or Social Security benefits
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No income requirements: the homeowner does not need to be employed and the loan is not qualified based on income