Reverse Mortgage Planning is making sure that this is a good fit and we can help you to make sure this will supplement your retirement income for life.
Most people are interested in getting rid of their home payment. Read Article
The amount of money then Reverse Mortgage will give depends on your age, interest rate, and the appraised value of your home. Generally, the more valuable your home is, the older you are, the lower the interest, the more you can borrow the using Reverse Mortgage HECM (home equity conversion mortgage).”
Reverse Mortgage Alabama’s team can me you at your residence or our local offices in Birmingham, Huntsville, Mobile, Alabama. We are almost always your best deal, being able to use the top Reverse Mortgage lenders; we do the shopping for you and find the best fit for your reverse mortgage planning
Payment Options. The Payment Options can range between lumps sums, line of credit, payments. Let our teams 20 years Reverse Mortgage experience make this easy for you. Serving areas near Birmingham, Huntsville, and Mobile.
Payment options:
Tenure - equal monthly payments if at least one borrower lives and continues to occupy the property as a principal residence.
Term – equal monthly payments for a fixed period and set amount of money for months selected.
Line of Credit – unscheduled payments or in installments, at times and in amounts of borrower’s choosing until the line of credit is exhausted. Money grows at the same rate as money used.
Modified Tenure – combination of line of credit with monthly set money amounts payments for as long as the borrower remains in the home.
Modified Term – combination of line of credit with monthly payments for a fixed period of months selected by the borrower.
Reverse Mortgage planning. We help you with a plan to make the Reverse Mortgage supplement your income so that it will last you.
For additional information, an illustration, or a free E-Booklet please call in (205) 908-2993 or scott@reversemortgagealabama.com.
