Reverse Mortgage
With a Reverse Mortgage, Your home pays you for a change!
You’ve worked hard to own your own home. Isn’t it time it started paying you back? If you’d like to access the equity in your home for any reason, a reverse mortgage can provide flexible options to turn your home equity into tax-free retirement funding.
If you are over 62 and own a home, you may choose monthly payments, a lump sum, or a growing line of credit.
Make your retirement more enjoyable and financially secure. With a reverse mortgage, you’re in control.
Whether you are buying, selling, or refinancing, it is important to have an experienced mortgage professional to help you analyze your financing options, and make sure the closing goes smoothly. As a loan officer with Wintrust Mortgage Corporation, I have the expertise and experience to get you the right mortgage, and to handle your transaction professionally. With my experience, and our rates and programs, you are sure to get the mortgage that is right for you.
Please remember to get me involved early on in your home-buying process. Starting the Process not only gives you a better idea of what you can qualify for, it also gives you a stronger negotiation position when you find the home of your dreams.
A reverse mortgage helps you make the most of retirement:
• Preference - Receive funds all at once, in monthly installments, as a line of credit, or as an up front payment along with monthly installments.
• Ease - There are no credit, income or employment requirements in order to qualify.
• Security - A reverse mortgage does not affect Medicare benefits, Social Security or pensions.
• Confidence - An heir can keep the property once the reverse mortgage has been paid in full.
• Liquidity - Rather than make monthly payments, receive them.
• Independence - Live in and own your own home through retirement.
• Flexibility - Ability to plan with your mortgage consultant the best suitable payment dates.
