Reverse Mortgage

A reverse mortgage is a loan made to a homeowner who is at least 62 years-old and wishes to convert the equity in their home to cash.

Unlike a home equity loan, the homeowner does not make monthly payments to the lender. In fact, with a reverse mortgage, monthly payments are made by the lender to the homeowner. A reverse mortgage isn’t repayable until the borrower no longer occupies the home as their primary residence.

Benefits of a Reverse Mortgage

• Convert the equity of your home into cash
• Receive a stable monthly income
• Receive a lump sum or stream of payments

Contact a mortgage specialist for more details, 801-786-8400.

Please join us for an educational seminar on May 15, 2024 to learn more about how to use the value in your home to increase your monthly cash flow.

To learn more, click here.