A Reverse Mortgage is a way for homeowners over the age of 62 to turn the equity locked in their homes into a tax-free cash loan that can be used for any purpose with no mortgage payments. You only pay taxes, insurance and general home maintenance as required.
Jumbo or HECM Reverse Mortgage?
A Jumbo Reverse Mortgage loan is a way to turn the equity in your home into a lump sum of tax-free cash up to 3 Million. A HECM Reverse Mortgage loan, also called a Home Equity Conversion Mortgage (HECM), is a way to turn the equity locked in your home into tax-free Line of Credit loan.
How Much Cash Can You Get?
Call 800-818-2946 or complete the form to the right and discover how much Tax-Free Cash you can receive with a Reverse Mortgage loan.
A Tax-Free Cash Loan!
As the cost of living increases homeowners on a fixed income are considering the tax-free income benefits of Reverse Mortgage loans. Jumbo and HECM Reverse Mortgages are loans that provide a way for homeowners over the age of 62 to access the equity in their homes with some valuable tax-free income options.
You Always Own Your Home!
With a Government Insured Reverse Mortgage HECM loan or a non Goverment insured Jumbo Reverse Mortgage loan, you own your home and receive tax free cash that can be used for any purpose with No Monthly Payments.
No Mortgage Payments!
Mortgages currently on your property are paid off with a Reverse Mortgage loan so you have no monthly mortgage payments. You only pay taxes, insurance and general home maintenance as required.
FREE Quote and Information Package!
To receive a FREE Quote and Information Package call a friendly Allrate Advisor at 800-818-2946 or complete the form to the right. Click Here to see what our clients say!