Is a Reverse Mortgage Right for You?
Seniors over the age of 62 may be surprised they can use their home’s equity as a source of monthly income with a reverse mortgage.
Are you looking to add some extra income to your life? Do you have a lot of equity in your home? A reverse mortgage can help you get money out of your home that you can enjoy today. Depending on your circumstances, this type of mortgage may be a great choice giving you supplemental income for the rest of your life. To determine how much you may be eligible for use our reverse assessment tool.
As with most government-backed finance programs, this program won’t last long. If receiving additional monthly income would help you, there is no better time than to act now.
Quick Tip! Income payments are closely tied to the Fed’s action and the economy. Act now while rates are still favorable and avoid a potential rate hike.
A true stimulus package for baby boomers
Did you know that reverse mortgages were originally designed for retirees with an income shortfall? If your home is valued more than $100,000, and you have paid off 50% or more of your mortgage balance, your chances of qualifying are high. The Government wants banks to help seniors, which puts more money in your pocket, ultimately boosting the economy.
How do I qualify for a reverse mortgage?
The trick to finding the best reverse program is to utilize free websites that will compare available banks, and help consumer choose the best lender. SproutQuote.com is one of the country’s largest and most respected reverse mortgage comparison websites and one of the few sites with many reverse mortgage lenders on its network. The good news that our services are free to homeowners like you.
There’s no obligation to seniors, and we offer easy and fast comparisons. It takes less than 30 seconds, and the service is 100% FREE. You have nothing to lose, except for your money problems!
Are you a good candidate?
