If you’re a homebuyer 62 years or older, you might be starting to think about retirement and what the future of your finances looks like.  A Home Equity Conversion Mortgage, otherwise known as a Reverse Mortgage, could be an option for you if you’re in need of some extra cash to cover expenses, travel, long-term care, medical procedures, and more. Our Jumbo Proprietary program also offers those with high-value homes the chance to take advantage of their equity in the same way a traditional Reverse Mortgage would.

Benefits of Reverse Mortgages include:

• No monthly mortgage payments as long as taxes and homeowners insurance is paid and the home is a primary residence.
• Tax free proceeds
• Federally insured
• Retain ownership of your home
• Medicare and Social Security are not affected
• Pay off debts such as medical expenses or credit cards.

Cliffco Mortgage has several Reverse Mortgage specialists that are ready and available to answer your questions. Please reach out to us today to schedule a consultation.