For homeowners 62 years of age or older there is an opportunity to take advantage of the equity they have built in their home through a reverse mortgage, providing a means for additional financial support as they near retirement or enter that phase of their life. Making a reverse mortgage all the more attractive is the fact that homeowners maintain ownership of their home, ensuring that you remain in the house for as long as you desire.
Of course it’s always a good idea to talk to a specialist before deciding if a reverse mortgage is the right move for you and at Bank of Internet USA, America’s oldest and most trusted Internet bank, a team of reverse mortgage experts are dedicated sharing information and educating you on all the details of a reverse mortgage program.
Unlike other loan programs a reverse mortgage loan doesn’t come with the hassles of a credit score check and they aren’t based on income, a reverse mortgage loan is based on the equity you have built in your home, it’s that simple. In essence, you are reaping the rewards of working hard and putting money into your home.
The money you receive from a reverse mortgage can be used for whatever you like, whether you want to take care of other bills, supplement your retirement income or you want to fund a dream vacation, it’s up to you. To learn more about reverse mortgage programs contact a reverse mortgage specialist at Bank of Internet USA and they will help you with all your questions and address any concerns you may have.