Increase your retirement income

REVERSE MORTGAGE PRODUCTS

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Fixed Rate:

Pro’s:

The interest rate is fixed for the life of the loan

Con’s:

A lump sum distribution at closing is your only distribution option

Adjustable Rate Mortgage (ARM):

Pro’s:

Flexibility in accessing your money with multiple distribution options:

  • A lump sum at closing
  • Monthly Disbursement Schedule (term payment)
  • Monthly payments for life (tenure payment)
  • Credit Line (money as needed). The Line grows as your home appreciates in value

Typically allows the borrower to receive the most funds

Con’s:

The interest rate is not fixed and can increase based on interest rate movement

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