Reverse Mortgage Resource Center - 385-503-2224 - https://reversemortgageresourcecenter.com How does a reverse mortgage work? A reverse mortgage works by allowing a homeowner to borrow money against the equity in their home. The loan does not need to be repaid until the homeowner dies, sells the home, or permanently moves out. The loan amount is based on the age of the borrower and the value of the home. Borrowers must also meet certain eligibility requirements set by the lender. The borrower is not obligated to make monthly mortgage payments, instead, the interest due on the loan accrues. Homeowners are still responsible for paying taxes and insurance on their property. Our team of experts is dedicated to answering any questions and concerns. Give us a call to schedule a no-obligation consultation, and let us show you how a reverse mortgage can benefit you. Reverse Mortgage Resource Center 11240 River Heights Dr Suite 100 South Jordan, Utah 84095 385-503-2224 https://reversemortgageresourcecenter.com

Reverse Mortgage Resource Center - 385-503-2224 - https://reversemortgageresourcecenter.com Do you make monthly payments on a reverse mortgage? No, you are not obligated to make monthly payments on a reverse mortgage. Instead, the lender of the reverse mortgage pays you either a lump sum or periodic payments. The amount and frequency of these payments depend on the terms of your loan. At the end of the loan, you (or your estate) will be responsible for repaying the loan plus interest. You are still responsible for paying your homeowner's insurance and property taxes. Although no payments are required, you are always welcome to make principal or interest payments. Our team of experts is dedicated to answering any questions and concerns. Give us a call to schedule a no-obligation consultation, and let us show you how a reverse mortgage can benefit you. Reverse Mortgage Resource Center 11240 River Heights Dr Suite 100 South Jordan, Utah 84095 385-503-2224 https://reversemortgageresourcecenter.com

Reverse Mortgage Resource Center - 385-503-2224 - https://reversemortgageresourcecenter.com Who pays back a reverse mortgage? A reverse mortgage is a loan that is repaid when the borrower passes away, sells the home, or moves out permanently. The loan is typically paid back from the proceeds of the sale of the home or refinancing the loan. If the balance of the loan is higher than the value of the home, you can turn the home over to the lender to satisfy the loan. Our team of experts is dedicated to answering any questions and concerns. Give us a call to schedule a no-obligation consultation, and let us show you how a reverse mortgage can benefit you. Reverse Mortgage Resource Center 11240 River Heights Dr Suite 100 South Jordan, Utah 84095 385-503-2224 https://reversemortgageresourcecenter.com