Reverse Mortgage
Reverse Mortgages
The reverse mortgage allows you to access the equity in your home without having to make monthly mortgage payments. There are no limitations to how you use the money, so you can free up cash to cover medical expenses, plan for your retirement, or improve your monthly cash flow.
Eligibility
- Must meet the age requirements
- Property must be a primary residence
- Property taxes and homeowner’s insurance must remain current
- Must meet the financial assessment requirements
Highlights
- Eliminate monthly mortgage payments
- Any remaining equity once the loan is paid off goes to you or your heirs
- Fund necessary home renovations
- Improve monthly cash flow
- Continue to live in your home
Mortgage Lending Simplified
Download the free RWM Home Loans Fluid Mobile App today and get started on your journey to homeownership.