Use your Reverse Mortgage for more than just one purpose—Home Renovations, Taxes, Insurance, Fuel, and Maintenance Costs are all eligible to be paid through a Reverse Mortgage.
Reverse Mortgage Loans allow Homeowners aged 62 or older to convert some of the equity from their home into cash without giving up home ownership. Marc Shenkman has been connecting seniors with Reverse Mortgages that have helped them to upgrade their home to meet their accessibility needs, and much more.
Instead of making a payment to your lender every month, have your lender pay you. It’s like a traditional mortgage in reverse, hence the name Reverse Mortgage. The amount you are qualified to borrow is commonly based on your age, your home equity, and the interest rate offered to you by Priority Financial Network. Additionally, you will not be required to make any repayment of the principal, interest, or servicing fees for the entire length of time that you live in your home.
Marc Shenkman can configure your Reverse Mortgage so that you are paid:
- In a Lump Sum
- In Monthly Advances
- Through a Line-Of-Credit
- In a combination of the three
It is our duty to guide you through this process, and we do so with the utmost compassion and consideration. Schedule your Free Reverse Mortgages Loan Consultation by calling (818) 936-3888 or by filling out our convenient “Call Me” form and we will be in touch with you upon receipt.