1.
Lump Sum Amount
You receive a one-time check
that you can use as you wish. Take that big trip you've always dreamed
of, pay your taxes, put a grandchild through college - it can all be
possible with the right reverse mortgage.
2. Credit
Line
You have access to a pre-determined amount of money, that you can use WHEN
and HOW you wish, simply by
writing a check. The credit line option can provide peace of mind,
knowing that you can remain independent and in your own home through
life's unexpected situations.
3.
Monthly Cash Advance
You will receive a check in the mail each
month, for a specified amount of
money. Much in the way that you paid the bank each month, now
the bank pays you.
You can use the proceeds for basic
living expenses, in-home medical care and prescriptions, travel, gifts,
or even for a life insurance policy to provide for loved ones when
you're gone.
4.
Combination
Perhaps you'd like to have the freedom
that comes with a combination of the lump sum amount, the credit line,
and the month cash advance.
Pay off debts with the lump sum
amount,
keep the credit line for unexpected expenses, and receive the monthly
cash advance to help with basic living expenses.
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You
can have it your way!
You spent years
working for your home,
Now it's time to make
your home work for YOU!
Did
You Know?
If
in the future you find that you need
more money, you can refinance
the terms of your reverse mortgage if the equity in your home has
grown.
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