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Senior Lifestyle
Funding
If
you’re over
62 years old, a
Reverse Home
Mortgage is an
option worth
considering. It
can allow you to
get the money you
need now while
continuing to
live in your
home.
Reverse home mortgages
work differently than
typical New Jersey debt
consolidation mortgage
refinancing loans.
Reverse mortgages allow
you to take advantage
of the equity in your
home in a new way. When
you bought your home,
you probably made
mortgage payments that
over time decreased
your debt and added to
your equity. As its
name implies, a reverse
home mortgage increases
your debt and decreases
your
equity—either
gradually or all at
once.
It works like this:
You receive payment
from your lender in the
form of a lump sum, a
monthly check or a line
of credit. The payment
is based on the value
of your home, your age
and current market
interest rates. As long
as you live in your
home, you’re not
required to pay back
the your loan and you
may continue to reside
in your home.
Reverse home mortgages
can be a great source
of retirement
income—but
they’re not for
everyone. Talk to a
Reverse Mortgage
loan specialist for
more information.
Visit
our Dedicated
Reverse Mortgage
Site at
www.SeniorLifestyleFunding.com
for more
information.
Contact a
Homestar Direct reverse
mortgage loan
specialist today
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