There was a time when retirement was looked upon as a reward for all the hard work put in over the years, a period in which you could relax and spend your days doing the things you most wanted. Unfortunately the economic times that we now face has led many to believe that image of retirement is beyond reach.
Thankfully there is still an opportunity for homeowners 62 years of age or older to enjoy their retirement life and that opportunity exists through a reverse mortgage from Bank of Internet USA, America’s oldest and most trusted Internet bank.
Unlike traditional loans that are based on credit scores or income a reverse mortgage loan is based exclusively on the equity that has been built in a home, meaning all the work has already been done and the homeowner is being rewarded for their past sacrifices.
With a reverse mortgage a qualified homeowner not only maintains ownership of their home but also has the option of not making any loan payments for the time they live in their home. Additionally, they can refinance or sell their home at any time as there are no penalty fees with a reverse mortgage.
A reverse mortgage can be the ticket to the retirement lifestyle you have always dreamed about, speak with a reverse mortgage consultant at Bank of Internet USA and learn how you can make that dream a reality.
