Seniors over 62 years old have a great tool available to them. HECMs or reverse mortgages use the equity in the home to actually pay the senior every month. The money can also be received in a lump sum or as a line of credit.
The money received is not repaid until the home is sold or the seniors leave the home, at which point the proceeds from selling the home pay off the loan and the remainder of the proceeds got to the seniors or their heirs.
The approval process is the easiest out there and the money can be used to balance the budget, home improvement, uncovered medical expenses, extra life insurance, you name it.
For more information or to see how much you may qualify, call Randall at 863-229-1235
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