Use your home equity to reduce your credit card debt.
A reverse mortgage is one of the most underused mortgage solutions by those who truly benefit the most. Reverse mortgages are designed to help homeowners who have no existing mortgage tap into their equity and increase their monthly cashflow.
- No monthly payment obligations (unless you voluntarily choose to make payments)
- No maturity date
- Some lenders have an age requirement of 55+
- You must own your home
- Only available for a primary residence (investment properties are ineligible)
- The interest portion accrues on the outstanding principal and interest
Interested in having your home pay for you?