Reverse Mortgage for Seniors

Reverse mortgages are a special type of home loan that lets a homeowner convert the equity in their home into cash.

They can give older Americans greater financial security to:

• Pay off bills
• Purchase long-term care/life insurance
• Extra monthly income for everyday living expenses
• Home repair or remodeling
• Healthcare Costs/Medical expenses/Prescription Drugs

With a reverse mortgage, you can turn the value of your home into cash without having to move or to repay the loan each month. The cash you get from a reverse mortgage can be paid to you in several ways:

• All at once, in a single lump sum of cash
• A regular monthly cash advance
• A "creditline" account that lets you decide when and how much of your available cash is paid to you
• A combination of these payment methods

No matter how this loan is paid out to you, you typically don't have to pay anything back until you:

• Die
• Sell your home
• Permanently move out of your home

To be eligible for most reverse mortgages you:

• Must own your home
• Be 62 years of age or older

To learn more about your reverse mortgage options, please call Nation Mortgage toll-free at 1-800-753-2054 or complete our online request form.