Not just a reverse mortgage. A Responsible Reverse Mortgage. - How does it work? Is it right for you?
Simply stated, a reverse mortgage is a loan against the equity in your home that provides necessary cash without the obligation to repay the loan as long as the property remains your primary residence. So in many cases, it’s a good solution for seniors who are rich in equity, but cash-strapped. When the time comes to sell your home, the loan is deducted - any additional equity belongs to you.
A Responsible Reverse Mortgage from Cape Cod Five may be ideal for many of the financial obstacles that seniors of limited income face:
- Make necessary home repairs
- Use for long-term health planning and costs
- Pay off an existing mortgage, alleviating monthly payments
- Pay property taxes and insurance
- No payment due until home is sold, the owner permanently moves or passes away
- You will never owe more than the value of your home
- Financial planning
We understand the difficulties of living in such challenging financial times, where costs and responsibilities keep escalating. That’s why we’re proud to offer our prudent approach to reverse mortgages. For many seniors a carefully-written reverse mortgage can provide years of worry-free living. And you can depend on Cape Cod Five to make the right recommendation for you.
We invite you to find out more about our Responsible Reverse Mortgages.
|
|
 |
|
|
 |
Equal Housing Lender.
Member 
