If you are 62 or older and you need some extra income, consider a reverse mortgage. You can count on them and they are safe as well. No repayment is required. All the information you need is a phone call away. Just call a New York reverse mortgage helpline and get the answers to your questions.
This loan works best for seniors who own their own homes. You must be 62 or older as well. If you do have a mortgage on your home you’ll need a substantial amount of equity to draw from if you want to receive reasonable monthly payments.
Since these loans draw on your equity, the more equity you have the larger your monthly check will be. You can also get a lump sum. The money can be used for anything you want. It has no restrictions. Buy a new car, take a vacation and eat at the best restaurants. You won’t even have to make payments.
The money is repaid when you die and comes out of the sale proceeds of the home. Your heirs have the option of paying off the loan and keeping the property themselves as well. You don’t have to make any payments while you are alive and you continue to get a monthly sum until your death.
The loan has safety features that ensure you stay protected. As long as you are living you can’t be forced out of your home for any reason. You get money and you get to stay in your house. Enjoy your retirement and all those extra perks that come when you don’t have financial worries anymore.
Learn more about these loans online. You can even use a free calculator that will help you figure out the monthly income you could receive. A new york reverse mortgage helpline is standing by to assist you as well. Take advantage of this opportunity and enjoy an easier life.
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