For seniors who need income in retirement a reverse mortgage might seem like a no-brainer. After all, you worked hard for your home, why not draw on the equity you built up? A reverse mortgage might serve you well, but there are a number of critical issues you need to consider before you can make the right decision.
Get The Facts First
Consulting with a GreenPath housing expert can help you understand the cost involved and the benefits. We’ll explain how reverse mortgages work, including payout options, homeowner costs, tax implications, and other benefits and drawbacks. Once you complete our mortgage counseling session, you’ll receive a certificate that lenders require as part of the loan application.
If you or a family member is considering a reverse mortgage, call us to learn the pros and cons and get all of your questions answered. We will equip you with the knowledge to determine if a reverse mortgage is right for you. You can reach us at (800) 550-1961.