Reverse Mortgages Can be the Ticket to a Dream Retirement

When people think about retirement there can be any number of images that pass through their mind; whether they include dream vacations, extended visits with family, peaceful hours tending a garden, or any other activity everybody has some idea how they want to spend their days after a lifetime of work. Unfortunately retirement comes with a cost and what many people are finding is that the money they had saved is no longer enough to meet the financial demands tied to their plans.

While that dream retirement may seem like it’s slipping through your hands the good news for homeowners 62 years of age or older is that there is a simple solution to the financial concerns, a reverse mortgage. Through a reverse mortgage a homeowner can receive cash that will supplement their retirement income, providing them the financial freedom to do as they please.

As America’s oldest and most trusted Internet bank, Bank of Internet USA can guide you through the process of a reverse mortgage. Unlike other loan programs a reverse mortgage doesn’t require credit checks and it’s not based on income, reverse mortgages are all about the equity that you have built in your home.

What makes reverse mortgages so advantageous for those nearing retirement or already at that stage in their life is the fact that they retain ownership of their home. They also have the option of not making any loan payments for the time they live in their home and they can refinance or sell their home at any time without being subjected to a penalty.

There are a number of benefits associated with a reverse mortgage and Bank of Internet USA has a team of experienced reverse mortgage specialists ready to speak with you and answer and questions you may have about this loan program.