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Reverse Mortgages
One of the great 'buzz words' in real estate today (as it relates to seniors) is REVERSE MORTGAGE. What is it and how does it work.
A reverse mortgage is a special type of mortgage that enables a senior (62 years of age or older) to convert a portion of their existing home equity into cash.
A Reverse Mortgage is a loan against your home that requires no repayment for as long as you live there.
The following article is provided courtesy of AARP and describes all the features of a Reverse Mortgage.
Reverse Mortgages from AARP.pdf
Is a Reverse Mortgage right for you? Contact Jesse Getz, our local Mortgage Specialist, and learn the facts before you decide.

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