Looking for a steady source of additional income to take you through your retirement years?
A reverse mortgage allows a homeowner who is 62 years or older with considerable home equity to borrow against the value of their home. The funds can be received in the form of a lump sum, a fixed monthly payment or a line of credit. There are no monthly loan payments. Instead, the loan balance because due and payable when the borrower dies or sells their home.
Determining if a reverse mortgage is right choice for you is important and shouldn’t be taken lightly. Bridgepoint Funding can educate you so you can make the best decision for you and your family.
As with any mortgage, the borrower remains responsible for payment of property taxes, homeowner’s insurance, and home maintenance.
When to Refinance Your Mortgage?
We offer information on a variety of mortgage refinancing rates and options. When you are ready to take the next step, contact Bridgepoint Funding. We can advise you on which mortgage refinancing program meets your needs.
These materials are not from HUD or FHA and were not approved by HUD or a government agency.