Receive Monthly Cash Payments for Expenses with a Reverse Mortgage
Get Monthly Payments from Your Home's Equity
Eliminate Paying Your Monthly Mortgage Bill
Zero Fee Loan available
What is a Reverse Mortgage?
A reverse mortgage is a loan for people above the age of 62 that uses some percentage of a home's equity as collateral in exchange for cash to the borrower most often in monthly payments. Typically, the loan is not repaid until the last surviving homeowner permanently moves from the home or passes away. If one of these were to occur the estate has approximately 6 months to repay the amount owed on the loan or sell the home to pay the balance. The remaining equity in the home belongs to the estate and the estate is not personally liable if the home sells for less than the balance of the loan.
How much money can you receive with a Reverse Mortgage?
The amount of monthly cash you can receive with a Reverse Mortgage is determined using a calculation that takes into account:
• The current interest rate
• Your home's value
• Any outstanding mortgage or other lien on your property
• Maximum loan limits determined by regulating authorities
At RetirementLoansUSA we understand what your home means to you and your family.
We also understand how difficult it may seem to retire comfortably. Our service allows you to connect with Reverse Mortgage professionals who can calculate how much income you may be able to receive monthly from your homes equity. There are zero fees and zero obligations for using this website. Your information is safe, secure and strictly confidential.