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Unlock the Equity in Your Home with a Reverse Mortgage
It used to be that to get money from your home, you had to sell it or borrow against it, which required a monthly payment. Not anymore. A reverse mortgage allows you to turn your home equity into cash without moving or making loan payments. Reverse Mortgage Lending, Inc. (RMLI), a Wescom company, can assist you in getting the right reverse mortgage to ensure your financial future.
Qualifying for a reverse mortgage is easy. To be eligible, you must be at least 62 years old, own your own home, and have the ability to pay off any outstanding mortgage balance, either from the proceeds of the reverse mortgage or from the reverse mortgage and personal funds.
Benefits of a Reverse Mortgage
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With a reverse mortgage, you still hold title to your home, not the bank. And you never have to worry about losing your home. |
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You are not required to make any mortgage payments while you live in your home — the bank pays you! The loan comes due and must be repaid only when you sell your home, move, or die. |
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The money you receive is tax-free. You can spend it on anything you choose. Want to travel? Renovate your home? Buy a new car? Spoil your grandkids? You can! |
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You can choose to receive your money in several ways: lump sum, monthly payments, line of credit, or a combination of these options. |
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Your regular Social Security and Medicare benefits will not be affected. |
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Most reverse mortgages are insured by the Federal Housing Administration or backed by Fannie Mae. |
Embrace financial independence in the home you love! To find out more, call RMLI at 1-800-657-4761.
RMLI, a Wescom company, is an independent mortgage broker who will find the best reverse mortgage for your needs, originate it for you, and then place it with a reverse mortgage lender for funding and servicing. |