Reverse Mortgage Benefits

Reverse Mortgage Benefits

  • No repayment is necessary.
  • Funds received are Tax Free**
  • There are no income, medical or credit requirements.
  • You retain ownership of the property.
  • There are generally no restrictions on how the funds may be used.
  • Upon the sale of the property, any remaining equity stays with you and your heirs.
  • You can never owe more than the value of your home at the time of repayment even if the loan balance exceeds the value of the property.
  • Can provide you with access to additional funds via the equity you have build up in your home through the years.

**Please contact your tax advisor to discuss specific tax considerations.

Call one of our Reverse Mortgage Sepcialists.  They are here to help you and provide valuable information to suity your individual needs.

 

 

 

THE PRIVATEBANK
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Direct:  (708) 671-5422
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