Liberty Mortgage

2501 S. Trumbull Ave.  Chicago, IL 60623
Phone:  773-819-7900     Email: libmtg@yahoo.com   Fax: 773-439-2450   NMLS # 1807234

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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.

.

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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