A reverse mortgage is a loan made to a homeowner who is at least 62 years-old and wishes to convert the equity in their home to cash.
Unlike a home equity loan, the homeowner does not make monthly payments to the lender. In fact, with a reverse mortgage, monthly payments are made by the lender to the homeowner. A reverse mortgage isn’t repayable until the borrower no longer occupies the home as their primary residence.
Benefits of a Reverse Mortgage
- Convert the equity of your home into cash
- Receive a stable monthly income
- Receive a lump sum or stream of payments
Contact a mortgage specialist for more details, 800-248-6361.
Reverse Mortgage Series
What Is A Reverse Mortgage?
Are You Eligible For A Reverse Mortgage?
Fixed VS Variable Reverse Mortgage
How To Apply For A Reverse Mortgage
Call or Click Now - Experienced Mortgage Experts Standing By
Send us a text
By sending a text message, you consent to receive a text message response from USU Credit Union. Your provider's message and data rates may apply.
Call us directly
available right now!
Chat with us online