Massachusetts Reverse Mortgage

A Massachusetts reverse mortgage is a unique type of loan that allows you to tap into the equity of your home without ever having to make a monthly payment, while giving you the maximum amount of flexibility to address your particular financial needs. Whether it is in a lump sum to pay an unexpected hospital bill, or a stream of regular payments to supplement your monthly income. No repayment of the reverse mortgage is required until you no longer occupy the home as your principal residence, and there are no income or medical requirements to qualify for a Massachusetts reverse mortgage.

Use a Massachusetts reverse mortgage to improve cash flow!

With a Massachusetts reverse mortgage, you borrow against the value of your home, and receive loan proceeds according to the payment plan that you select. As a borrower, you are permitted to change payment plans at any time after origination. You may change payment plans as many times as you wish.

• Receive lump sum cash at closing
• Receive cash as needed
• Receive a monthly check

The money received from a Massachusetts reverese mortgage is Tax-Free because the money received by the borrower is not considered income. With a Massachusetts reverse mortgage the homeowner retains full rights to appreciated value of the home. Since the owner retains all ownership rights, any appreciation in the value of the home belongs to the homeowner. When you sell your home or vacate it for any reason, the accrued interest plus what the mortgage lender has lent you through the years is due. You can never owe more on your home than what it is worth.

The only requirements for a Massachusetts reverse mortgage are that you be 62 or older, you own your own home and it is your primary residence, and that the lender can pay off any liens, or mortgages that are on your home.

For Massachusetts Reverse Mortgage Information

Contact one of our Massachusetts reverse mortgage specialists toll free at 1-800-743-9233 or click here to request more information.