The Reverse Mortgage Center L.L.C.

A Reverse Mortgage is a special type of loan which enables you to tap into the equity in your home and receive cash, a tax-free monthly income and/or a line of credit with no monthly mortgage payments to make. You continue to retain full ownership of your home and the remaining equity stays with you or your heirs. The loan does not have to be repaid until you permanently leave your home. Reverse mortgages are backed by FHA/HUD therefore protecting you from ever “outliving the loan” or owing more than the value of the home. A Reverse Mortgage is easy to obtain provided that you are at least 62* years of age or older, your home is your primary residence, and you have substantial equity in your home (proceeds of the Reverse Mortgage can be used to pay off existing liens or mortgages). *Min age of 60 is applicable for homes valued over $500,000.

To find out more information about Reverse Mortgages call Lisa Haggai with The Reverse Mortgage Center LLC at (231)218-0307 for a personalized analysis to determine if a Reverse Mortgage could benefit you.