See the advantages of today's Reverse Mortgage.
There’s more than one way to borrow against your home equity to access needed retirement funds. A Reverse Mortgage Line of Credit can offer homeowners age 62 and older some significant advantages. Unlike a traditional Home Equity Line of Credit (HELOC), there are no required monthly mortgage payments. (As with any home-secured debt, you remain responsible for property taxes, homeowners insurance, and property maintenance.) As long as you meet your loan obligations, the lender can’t cancel your credit line; and it doesn’t have to be repaid until you sell the home or it’s no longer your primary residence. And with a Reverse Mortgage Line of Credit, the less you take out up front, the more you’ll be able to borrow later—because the unused amount grows over time.
Your Local San Diego Reverse Mortgage Expert