As more and more Americans find themselves facing retirement, too many will realize too late that their pension won’t be enough to meet their current needs and expenditures. While many will downsize and acclimate themselves to a less comfortable lifestyle than what they’re accustomed to, some will find that they simply don’t have enough money with which to live.
For those needing some extra income, a reverse mortgage can be a great solution. Reverse mortgages are similar to loans made through the equity in your home. You’re given a monthly check and only pay it back once your home sells. This allows you peace of mind knowing that you have some guaranteed income with which to face your golden years.
Retirement can be one of the greatest times of your life and a reverse mortgage can help to make it possible. To learn more about reverse mortgages and how they can help you meet your needs, contact our offices in Joplin, MO. We’re one of the premiere mortgage lenders and home loan providers for the four state area and have the experience and expertise necessary to help you meet your needs. Contact us today to schedule a consultation and let us know how we can help you.