If you are 62 years or older, you can supplement your retirement income with payments from a Reverse Mortgage. These payments can be used for anything you wish including home improvements, a new car, home health care or unexpected medical bills.
Your Reverse Mortgage could give you a lump sum which you can invest as you like, a credit line so that you only use what you need and reserve the rest, or a combination of the two. You may also elect a tenure payment which works much like an annuity and gives guaranteed income every month.
Call David Cohn, Vice President, at (312) 491-7124 or Wayne Landon at (312)491-7206 to find out more about how a Reverse Mortgage could help you.