Is there a reverse mortgage in your future?

Reverse mortgages provide seniors 62 years or older with funds for financial freedom during retirement without a monthly mortgage payment burden as long as they live in their home. All reverse mortgages are FHA insured and regulated by HUD. You can choose a lump sum cash payout, a line of credit with no monthly payment, monthly proceeds or a combination of all three. Unlike a traditional mortgage loan there are no monthly payments. You can even purchase a new home utilizing a reverse mortgage loan. Other benefits include no income, medical or credit requirements, guaranteed ownership of your home for life as your primary residence as long as you maintain the home and pay the taxes and insurance, use of the funds you receive with no restrictions plus a possible tax advantaged method to pass on part of your estate.

If you think a reverse mortgage might be for you, speak to a Wave Mortgage Consultant today.