A reverse mortgage is a loan available to people over 62 years of age that enables a borrower to convert part of the equity in their home into cash.

seniors looking at a Reverse MortgageReverse mortgages were conceived as a means to help people in or near retirement and with limited income use the money they have put into their home to pay off debts (including traditional mortgages), cover basic monthly living expenses or pay for health care. There is no restriction on how a borrower may use their reverse mortgage proceeds.

The borrower is not required to pay back the loan until the home is sold or otherwise vacated. As long as you live in the home, you are not required to make any monthly payments towards the loan balance, but you must remain current on your tax and insurance payments


Call me today for more information and see if a Reverse Mortgage is right for you

David J. Angrove, NMLS 301388
Direct:  206.729.2000
19125 North Creek Parkway #210
Bothell, Washington 98011

 
The Advisors
19125 North Creek Parkway #210
Bothell WA 98011
425.483.0104
Company NMLS ID #1850
Bothell Branch NMLS ID #1144740
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