A reverse mortgage is a financial tool that allows homeowners aged 62 and older to convert a portion of their home equity into cash. This type of loan can be a valuable resource for retirees looking to supplement their income or cover unexpected expenses.
With a reverse mortgage, Lion Mortgage offers homeowners the ability to access funds without monthly mortgage payments. Instead, the loan is repaid when the borrower moves out of the home or passes away. It's important to understand the terms and implications of a reverse mortgage before making a decision.
For more information about reverse mortgages and how they can benefit you, contact Lion Mortgage at 732-750-0430 or email us at admin@lionmtg.com .