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Reverse Mortgages

Reverse mortgages are loans for older homeowners that allow them to convert home equity into cash.

If you are 62 or older, a reverse mortgage lets you hold the title and keep living in your home, while collecting payments generated from a loan secured by the home’s equity. Opt for a lump sum payment, or take monthly cash advances during the life of the loan. Because the money is paid as a loan, it’s not considered taxable income and won’t affect Social Security or Medicare benefits.

For more information on reverse mortgages click the link below.

 www.reversemortgagemarketplace.com

Carrie White, Sr Mortgage Consultant NMLS #397493
Marketplace Home Mortgage
13700 Reimer Drive N Ste 100, Maple Grove, MN  55311
Direct:  (612) 821-7525
Cell:  (612) 306-9029
Office:  (763) 432-4640
Fax:  (763) 225-0618
cwhite@marketplacehome.com
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