A Reverse Mortgage is a special type of loan, designed for homeowners age 62 or older. This type of mortgage allows you to convert home equity into money.
- No income, credit or asset requirements to qualify
- Money can be used for daily living expenses, medical bills, home improvements or monthly income
- No payments are due on a Reverse Mortgage while you occupy the home
For additional information on this loan type call our Home & Real Estate Lending professionals at (843) 832-2614.