Liberty Mortgage – Residential Loans

4415 West Harrison Ave, Hillside, IL 60162 Unit #326

Phone: 773-677-6460 Email: [email protected] NMLS # 1807234

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A blue and white sign with the words information reverse mortgage.

A man and woman posing for the camera.

A sign that says reverse mortgage loans.

A woman holding up a $ 1 0 0 bill in front of her face.

Reverse Mortgages

If you’re 62 or older – and want money to pay off your mortgage,

supplement your income, or pay for healthcare expenses – you

may consider a reverse mortgage. It allows you to convert part

of the equity in your home into cash without having to sell your

home or pay additional monthly bills.

A reverse mortgage can be complicated and might not be right for you. A reverse mortgage can

use up the equity in your home, which means fewer assets for you and your heirs. If you do decide

to look for one, review the different types of reverse mortgages, and comparison shop before

you decide on a particular company.

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Read on to learn more about how reverse mortgages work, qualifying for a reverse mortgage, getting

the best deal for you, and how to report any fraud you might see.

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