Reverse Mortgage

Finance1 LLC - Our Services - Reverse Mortgage

If you are 62 years old or older, a Home Equity Conversion Mortgage or more commonly known as a Reverse Mortgage allows you to convert part of the equity in your home into cash for living expenses, medical bills, vacations and more as there is no restriction how reverse mortgage proceeds can be used.

A reverse mortgage allows you to borrow against the value of your home while allowing you to stay in your home and own your home without ever making another mortgage payment. Real estate taxes and insurance still must be paid by the owner.

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