Retirement is the reward for a life’s worth of hard work. It’s time to take steps toward making this phase the best it can be, and that includes considering all your options for funding it. A reverse mortgage unlocks your largest asset, your home equity, and puts it to work on the retirement goals most important to you.
Specifically designed for homeowners age 62 and older who have sufficient equity in their home.
As long as you continue to pay taxes and insurance and meet loan terms, monthly payments are not required. Interest and fees are added to the balance over time. Repayment of the loan is not required monthly, freeing your income for other uses.
Proceeds from a reverse mortgage first pay off existing mortgage lines, allowing you to enjoy retirement without the monthly obligation of a house payment.
You can get a reverse mortgage when buying a new home, requiring less cash to purchase and therefore increasing your buying power.
Receive your funds as a lump sum, line of credit, or monthly payments.
Sunrise Mortgage Group provides you with the tools you need to make the right borrowing decisions. These calculators may borrowers in determining different values in the loan process. Try to ensure the information you enter is as accurate as possible.
Together, we’ll find great mortgage solutions.
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