This presentation conveys the benefits and options of a reverse mortgage. |
A reverse mortgage will typically provide three options to gain access to your borrowed funds. First is an equity line of credit. This provides a ready source of capital to be accessed upon your discretion. Next is a monthly payment. You can establish a scheduled monthly payment from the lender that can last for your entire life. And third is a lump sum. If you choose, you may receive a lump some of the loan proceeds to be deposited or spent at your discretion. |
No math presented on this screen. |