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What is the Independence Mortgage?
The mortgage that pays you. Commonly known as a reverse mortgage, the Independence Mortgage lets you turn the equity in your home into tax-free dollars.† You can receive your money monthly, in one lump sum, or whenever you like. Contact us to determine the amount for which you may qualify.
Who is eligible for the Independence Mortgage?
Homeowners over the age of 62. Even if you still have a first or second mortgage, you may be eligible. A portion of the money you receive will simply be used to pay off your existing mortgage.
When does the Independence Mortgage need to be paid back?
Not until you move out of your home. At that time, the proceeds from the sale of your home can be used to pay off the Independence Mortgage. So you do not have to worry about mortgage payments for as long as you live in your home.*
How can I use the Independence Mortgage?
Any way you like. Many of our customers rely on the Independence Mortgage to supplement their monthly income. Others use the money to cover healthcare costs, home improvements, property taxes, travel, and more. (Find out how other homeowners are using the Independence Mortgage.)
Why should I consider the Independence Mortgage?
As the cost of living continues to rise, the Independence Mortgage can help you keep pace with your expenses. And because the loan proceeds you receive are not considered income, you do not have to worry about paying extra taxes. Contact us to learn more about the Independence Mortgage.
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