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The main difference between a reverse mortgage and a traditional loan is that with a reverse mortgage, while you're still required to pay property taxes and insurance (as well as any other applicable fees, such as HOA dues), you get to choose whether to make monthly mortgage payments. Traditional home loans require mandatory monthly mortgage payments.
There are several things to consider when searching for a reverse mortgage. We're here to help navigate.
Retire. Start a new venture. Cover living expenses. Make those home repairs. Or better yet, take that long-awaited trip! You can even buy a new home. There may be several options to meet your specific financial goals.
Several factors come into play when it comes to determining whether you’re eligible for a reverse mortgage. Our goal is to be your ally and provide candid, pressure-free solutions that apply directly to your situation.
For the best way to get your process started, fill out this form and we'll be in touch shortly.