Unlock Your Home's Potential with a Reverse Mortgage
A reverse mortgage is a unique type of loan available to homeowners 62 and older in Arizona. It allows you to borrow against the equity in your home without having to make monthly mortgage payments. It’s a way to access cash for retirement or other needs while continuing to live in your home.
- No Monthly Payments: Retain cash flow during retirement.
- Stay in Your Home: Continue living in your Arizona home.
- Access Tax-Free Cash: Use your home equity for various needs.
FAQs
Explore our frequently asked questions to gain a clearer understanding of reverse mortgages and how they can benefit you in your financial planning.
A reverse mortgage is a loan that allows homeowners aged 62 and older to convert part of their home equity into cash without having to sell their home.
To qualify, you must be at least 62 years old, own your home outright or have a low mortgage balance, and live in the home as your primary residence.
Costs can include origination fees, closing costs, and mortgage insurance premiums, which can vary based on the lender and the loan amount.
Contact Us Today
For more information about reverse mortgages and how they can benefit you, please reach out to our team at Arizona Mortgage Lender Broker. We’re here to help you navigate your options.
