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The Truth About Reverse Mortgages
Uncover the truths about home equity that can help you meet your needs today and in the future without repaying the loan monthly
Truth #1:
You still own your home and are free to sell it anytime.
8 Important Truths
Truth #2:
Your heirs aren't responsible for debt if your house depreciates in value
Truth #3:
You don't need a mortgage to qualify
Truth #4:
You can use your home equity however your want.
Truth #5:
You still own your home and are free to sell it anytime.
Truth #6:
Reverse mortgages are a strategic tool to increase cash flow.
Truth #7:
Less than 1% of CFBP complaints were for reverse mortgages
Truth #8:
You can use a reverse mortgage to purchase a new home.
Loan Requirements
Must meet all loan obligations, including using the property as your primary residence
Must pay property charges including property taxes, fees, and hazard insurance.
Must maintain the home
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