Are you 62 years or older and a homeowner? If so, you may be able to transform the equity in your home into cash in your pocket. A Reverse Mortgage may help you achieve your retirement dreams.
You shouldn’t have to spend your retirement wondering how you will pay your bills. A Reverse Mortgage may give you the financial cushion you’ve been looking for.
It’s your home, put it to work for you.
As long as you continue to meet the loan guidelines the loan repayment is not required, thus freeing up your other income streams.
A Reverse Mortgage might help you pay off your current mortgage.
The reverse mortgage borrower must meet all loan obligations, including living in the property as the principal residence and paying property charges, including property taxes, fees, hazard insurance. The borrower must maintain the home. If the borrower does not meet these loan obligations, then the loan will need to be repaid.
American Dream Mortgage provides you with the tools you need to make the right borrowing decisions. These calculators will give you a basic idea of how key values are determined throughout the mortgage process. Try to ensure the information you enter is as accurate as possible. Always contact one of our Mortgage Advisors for an accurate quote that is best suited for your specific needs.
Together, we’ll find great mortgage solutions.
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