What is a Reverse Mortgage?
The Reverse Mortgage is typically a HUD (Housing & Urban Development) backed and insured loan program that is based upon the equity in your home. You do not need income or good credit to qualify. This loan does not have to be repaid unitl you either sell your home or permanently leave your primary residence. It turns the equity your have built-up in your house into extra cash.
With a Reverse Mortgage, you get to use the cash or monthly income, without having to make any montly payments. And, there are no restrictions on how you can use it. You get to make your own choices about how to use your Reverse Mortgage funds. You could:
- Pay off an existing mortgage
- Cover medical expenses (Long Term Care)
- Supplement your retirement income
- Pay off credit card debt
- Make home repairs
- Use it as an estate planning tool
- Travel, vacations
- Help pay for a grandchild's education
Free Reverse Mortgage Quote and Analysis
Next Generation Financial Services will provide you with a no-cost, no-obligation, Free Reverse Mortgage quote. We will only need basic information about you and your property and will be able to offer an instant estimate and analysis regarding a Reverse Mortgage.
This site is styled using Cascading Style Sheets, which your browser does not support. To see this site as intended, upgrade to a newer, standards-compliant browser such as Firefox.
