A reverse home loan is a mortgage that enables senior homeowners to convert their home equity into tax-free cash, providing financial security in retirement.
Benefits
Feature | Reverse Home Loan | HELOC |
---|---|---|
Age Requirement | 62+ | None |
Monthly Payments | None required | Yes |
Loan Repayment | When home is sold | Monthly until paid off |
Interest Rates | Fixed or adjustable | Adjustable |
If you’re looking for financial freedom in retirement, a reverse home loan may be the right choice. Contact Green Monarch today for a free consultation!
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California Department of Real Estate, Real Estate Broker #02126127 – NMLS# 2026203
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