
Seniors, let your home make payments back to you!
With a reverse mortgage from American First you can relax and enjoy your retirement years.
What is a Reverse Mortgage?
A Reverse Mortgage is a loan that allows senior homeowners to convert their home equity into cash. Seniors have the option of choosing different withdrawal methods if they qualify to draw income from their home equity. Repayment occurs when they permanently vacate the home.
Benefits
• Live in the home while retaining ownership
• Eliminate mortgage payments
• Cash for any purpose
• No income verification needed
• Funds are tax-free*
Qualifications
• Must be age 62 or older
• Home must be primary residence
• Have enough equity built-in
Ready to get started?
When you are ready to get started contact one of our real estate experts. They'll be happy to answer your questions and explain your options. Call us today at 800/ 290-1112 Ext. 5092.
*Reverse Mortgages may have tax consequences, affect eligibility for assistance under federal and state programs, and have an impact on the estate and heirs of the homeowner. Reverse Mortgages are available for California, Arizona and Nevada properties only. You, or your estate, repay the loan, plus interest, when you permanently move out of your home, sell your home, or pass on. Mandatory counseling with HUD or AARP approved counselors required. AFCU will provide list of five counselors to choose from.
|