Are you tired of making your monthly mortgage payment? Do you need some extra cash for monthly bills or an unexpected large expense? Do you plan on living in your house but don’t want to sell? Are you 62 or older?
If you answered yes to all these questions, then Secure Choice Lending may be able to help you secure those funds with a reverse mortgage.
Unlike a traditional mortgage a reverse mortgage allows you to receive funds based on the equity you’ve accrued in your house over the years. Whether your house is completely paid off or you have a large percentage paid off, the equity is yours and can be used as collateral for a new loan. A reverse mortgage no longer requires a mortgage payment and the additional equity is yours and can be paid to you in monthly installments, one lump sum or however you would like to set it up.
This material is not from HUD or FHA and has not been approved by HUD or a government agency.