- DR. MARION'S METHOD
- CAREGIVER TRAINING
Reverse Mortgages for Seniors
Access Your Home's Equity for Retirement
Elder care can be expensive and many still need to support their lifestyle, while receiving quality in home care. A reverse mortgage may be the answer! It allows you to continue living in your home, while drawing equity to use for any of your needs. Plus, you continue to own your home and you never have to pay a mortgage payment again! Receive local referrals using the form to the right. >>
This type of reverse mortgage was created specifically for people 62 years of age or older, to borrow against the equity established in their home, without having to repay the loan for as long as they live in and maintain their home. Instead of making monthly mortgage payments, you receive monthly payments or access to a line of credit. Reverse mortgages can potentially help homeowners stay in their home, meet their financial obligations or increase their standard of living. Another reason to consider a reverse mortgage is to pay healthcare costs, which create financial concerns for many.
Possible uses for a reverse mortgage.
• Home modifications
Below are requirements for a reverse mortgage, which are much different than a conventional loan.
• No income or credit requirements
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