Eventually, everyone finds themselves in need of a little more money than what they currently have in the bank. When this happens, most people will actually go to bank and get a loan or ask for the money from family and friends. However, what if there was a better way? What if you could simply give yourself a loan? In a round about way, that’s exactly what a reverse home mortgage is! It’s a loan based on the equity in your home and uses your home as the collateral for the loan. You pay the loan back once your house sells and never before. It can be a great way to secure some additional income, especially when times are tough and you’re in need of some cash to make ends meet. This helps to provide you peace of mind knowing you won’t be stranded without the funds you need.
To learn more about reverse mortgages and how they can help you, contact our offices in Joplin, MO. We are the premiere mortgage lender in the four state area and have the expertise and experience necessary to meet your needs. Contact us for more information and let us know how we can help you.